Move On

The surprising reasons why people move in Dallas-Fort Worth

People are making moves in DFW.

Photo courtesy of Opendoor

Spring has traditionally been the best and most popular time to sell your home in Dallas, but contracts tend to keep flying through the summer. Once fall and winter hit, however, things tend to slow down and seasonality sets in. In fact, 60 percent of people who buy or sell across the country do so before August, and we see much of the same in DFW.

With the traditional homeselling season in DFW having just come to a close, Opendoor has brand-new, fresh data on why local homeowners chose to sell in the first place. During the peak spring and summer months (February-August), Opendoor helped tens of thousands of local homeowners move on to the next chapter in their lives.

The top five were fairly predictable, but it's the percentages that tell the real story. Nearly a quarter of those surveyed, or 22 percent, said they moved to upgrade (meaning they needed more space or probably didn't want to take on DIY home repairs and renovation projects). One of the benefits of selling with Opendoor is that the company will take care of those upgrade projects for you, saving untold hours related to finding workers and supervising home repairs, and saving you from having to splash out tons of cash on the home before putting it on the market.

An equal number of people (22 percent) moved because they wanted to downsize to a smaller home, while 9 percent said they were retiring.

Six percent said they were selling an investment property, and in cases like those, Opendoor is an ideal way to handle the transaction: less involvement needed on the seller's part, with Opendoor handling everything from start to finish.

Only 14 percent moved because they were relocating, and in those cases, Opendoor's quick offer is especially valuable. To sell your home through Opendoor, you need only answer a few questions about your home's condition, features, and upgrades, and then you'll get a guaranteed offer back within 24 hours.

Likewise, the 10 percent who sold because they needed the cash probably also appreciated the quick turnaround and lack of hassle when it comes to dealing with showings and repairs.

Opendoor is the largest acquirer of single-family homes in both Dallas and the U.S. Because of that status, the company is able to look at its volume of homes, ask consumers directly about their needs and wants, and track trends to keep Dallas buyers and sellers in the loop on what they need to know about the market.

Thinking about all the reasons why you personally want to move? Visit Opendoor.com to browse the huge selection of Dallas-Fort Worth homes, or learn more about selling your home through Opendoor's painless process.

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rent report

2 Dallas suburbs have the highest rents in DFW right now, report finds

Photo courtesy of Simpson Property Group

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After American shoppers spent $11.5 billion on Black Friday this year, it's safe to say many people are watching their wallets this holiday season, including renters. And a new report is shedding light on the North Texas cities that are shelling out the most for their rent.

Zumper's newest monthly rent report, released December 2, analyzed active listings from the previous month across all cities in the Dallas-Fort Worth Metroplex. It tracked the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.

Frisco and The Colony tied for having the highest rent prices in Dallas-Fort Worth in November. According to the study's findings, the median rent price for a single-bedroom apartment came out to $1,620 last month in both cities. In Frisco, that's $10 lower than what it cost for the same apartment in June.

Frisco residents are expected to budget $3,491 for their holiday presents this year, WalletHub says, which means they might be watching their spending a lot more than other North Texas residents.

For two-bedroom units, median rent prices in Frisco rose 3.3 percent from October to $2,200. A two-bedroom apartment in The Colony rose 0.9 percent month-over-month to $2,130.

Grapevine's median rent prices were the third-priciest out of all cities in Dallas-Fort Worth. Zumper found that the median price for a one-bedroom apartment came out to $1,470, and two-bedroom units cost $1,840 in November.

Dallas tied with Plano for the fourth-highest rents in the metro area, the report said. Single-bedroom units cost the same amount between both cities ($1,470) while two-bedroom units were more expensive in Dallas ($2,060) than in Plano ($2,030).

For comparison, the price of one bedroom unit in Dallas was $30 cheaper in October, while two bedroom units cost $20 less than November's asking price. In September, asking rent for single-bedroom apartments added up to $1,480, while two bedroom units cost $2,100 per month.

These are the median rent prices for one- and two-bedroom apartments across Dallas-Fort Worth:

Richardson – $1,420 for one-bedroom units; $1,750 for two-bedroom units
McKinney – $1,400 for one-bedroom units; $1,850 for two-bedroom units
Carrollton – $1,360 for one-bedroom units; $1,730 for two-bedroom units
Lewisville – $1,300 for one-bedroom units; $1,700 for two-bedroom units
Burleson – $1,250 for one-bedroom units; $1,620 for two-bedroom units
Weatherford – $1,240 for one-bedroom units; $1,370 for two-bedroom units
Irving – $1,220 for one-bedroom units; $1,650 for two-bedroom units
Fort Worth – $1,190 for one-bedroom units; $1,450 for two-bedroom units
Grand Prairie – $1,170 for one-bedroom units; $1,560 for two-bedroom units
North Richland Hills – $1,160 for one-bedroom units; $1,460 for two-bedroom units
Haltom City – $1,150 for one-bedroom units; $1,430 for two-bedroom units

DFW cities with affordable rent compared to the statewide median
Zumper found the statewide median rent for a one bedroom apartment came out to $1,126 last month.

Cleburne had the most affordable rent for a one-bedroom unit in all of Dallas-Fort Worth, with median prices adding up to an even $1,000. The report also found that Cleburne's single-bedroom rent costs are 10.7 percent lower than they were a year ago. The median cost for a two-bedroom unit in Cleburne ($1,190) is 8.5 percent lower than it was in November 2024.

Six more Dallas-Fort Worth cities had more affordable single-bedroom rent prices than the statewide median: Bedford ($1,110), Mesquite ($1,110), Hurst ($1,100), Denton ($1,090), Arlington ($1,080), and Benbrook ($1,020).

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