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    More home for less money

    Here’s how much house you can buy in Dallas for $250,000

    John Egan
    Jul 15, 2020 | 10:49 am
    Home for sale sold sign
    Dallas offers a pretty good bang for your buck among Texas' major metro areas.
    Photo by Ariel Skelley/Getty

    As Texas' popularity grows, so does cost of living in the cities seeing population booms. And a new study shows just how much bang for your buck you can get in each major metro area.

    A study released July 7 by the PropertyShark real estate website shows that $250,000 will get Dallas buyers a 1,722 square-foot house. And while that's not nearly as much as you'd get in San Antonio (2,503 square feet) or Houston (2,318 square feet), it sure beats Austin, where buyers get a mere 1,139 square feet for the same price.

    While Austin’s position in the PropertyShark study is worse than every other big city in Texas, it’s considerably better than places like New York City, San Francisco, and Los Angeles. In Manhattan, $250,000 would enable you to buy a home the size of a hotel room — 232 square feet. The situation isn’t much better in San Francisco, where $250,000 would get you a 269-square-foot home. In Los Angeles, that dollar amount would let you purchase a 524-square-foot home.

    PropertyShark’s data includes single-family homes, duplexes, condos, and townhouses.

    “In the country’s most populated cities with more than 900,000 residents, the difference in price per square foot between coastal cities and Texas cities is miles apart,” PropertyShark notes. “As expected, vast Texas leads the way in providing the most space for the lowest price. In fact, in every Texas city we analyzed, $250,000 will buy more than 1,000 square feet.”

    In DFW, Arlington is the city where buyers can get the most bang for their buck — 2,240 square feet, the survey says. Arlington is on a roll. In a recent SmartAsset report of the best 25 big cities in the United States to buy an affordable family home, the city ranked sixth in the country and No. 1 in DFW.

    Here’s how all the cities in Texas’ four largest metro areas — including DFW —compared when it comes to the amount of space you can score for $250,000:

    • San Antonio, 2,503 square feet
    • Houston, 2,318 square feet
    • Arlington, 2,240 square feet
    • Garland, 2,218 square feet
    • Fort Worth, 2,109 square feet
    • Irving, 2,072 square feet
    • Dallas, 1,722 square feet
    • Plano, 1,657 square feet
    • Austin, 1,139 square feet

    Looking at the country’s 100 largest cities, San Antonio ranks 15th nationwide for the amount of square footage available for $250,000. Detroit sits atop the list. There, you can buy a 5,407-square-foot home for $250,000, PropertyShark says.

    All four major metro areas enjoyed robust home sales volume in 2019.

    In Dallas-Fort Worth, single-family home sales totaled 103,261 last year, up 3 percent from 2018, the Texas Association of Realtors says.

    “Dallas-Fort Worth winds up with record sales again,” James Gaines, chief economist at Texas A&M University’s Real Estate Center, said in January, in pre-pandemic times, of course. “The Dallas side of the Metroplex was actually a little better than Fort Worth.”

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    millennial magnet

    Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 11:16 am
    Millennial movers, moving
    Photo by Vitaly Gariev on Unsplash
    Dallas is one of the 15 hottest destinations for millennials.

    Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

    The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

    "The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

    Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
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