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real estate news

Dallas nails No. 2 ranking for new construction homes sold in U.S.

Amber Heckler
Jun 3, 2024 | 9:15 am
Home construction

Dallas sold nearly 1,600 new construction homes in March.

smartasset.com/

The Lone Star State is holding on to its reputation as one of the hottest moving destinations, and a new report shows four Texas metro areas have sold the most new construction homes in the country, with Houston and Dallas outshining them all.

Dallas sold the second-highest number of new construction homes nationwide in March 2024, according to SmartAsset's recently published report, "Where the Most New Construction Homes Are Being Added – 2024 Study." The metro area claimed the No. 2 spot out of 153 U.S. cities ranked based on Zillow's real estate data from March and April.

A total of 1,574 new build homes were sold in the Dallas area in March, for a median sale price of $414,950. The metro's median price point for newly constructed homes is about $36,000 more than the median price for all Dallas homes sold in April, which came out to $379,117.

New construction home prices seem high for Dallas, but things could be much worse. San Jose, California (which ranked No. 132) only sold 41 newly built homes in March, but they sold for a median sale price of $1.734 million.

While inflation jumped by nearly 23 percent from spring 2019 to spring 2024, SmartAsset says housing prices skyrocketed even more during the same time period to 49.4 percent on average. The report indicates these daunting figures aren't having an optimistic effect on potential buyers.

"Housing costs are often the largest budget item for Americans and this could make home ownership feel out of reach for many," the report's author wrote. "But adding new housing can help relieve price pressures in undersupplied metro areas."

Houston barely edged above Dallas in the national standings with 1,751 new construction homes sold in March 2024. The median sale price for these new homes in the East Texas metro was far lower than Dallas', at $347,990, which is about $30,000 more than the median price for all homes sold in Houston during the following month.

Other Texas cities that helped secure the state's dominance in the top 10 include San Antonio (No. 5) and Austin (No. 7). Only 777 new construction homes were sold in the Alamo City in March, with a median sale price of $310,446, which is the most affordable price out of all Texas cities in the top 10. In Austin, 750 new build homes were sold in March, for a median price of $434,900.

The top 10 U.S. metros with the most new construction homes being sold are:

  • No. 1 – Houston, Texas
  • No. 2 – Dallas, Texas
  • No. 3 – Atlanta, Georgia
  • No. 4 – Phoenix, Arizona
  • No. 5 – San Antonio, Texas
  • No. 6 – Charlotte, North Carolina
  • No. 7 – Austin, Texas
  • No. 8 – Nashville, Tennessee
  • No. 9 – Tampa, Florida
  • No. 10 – Raleigh, North Carolina
Real estate data for all 153 U.S. cities mentioned in the report – including new construction sales count, median sales prices, median sale price per square foot, and median price for all homes (as of April 2024) — was sourced from Zillow based on all single-family homes and condos.
The full report can be found on smartasset.com.
houston dallas austin san antonio smartasset reports rankings real estate
news/real-estate

living single

Dallas lands among 10 most affordable U.S. metros for living alone

Amber Heckler
Oct 21, 2026 | 9:10 am
Dallas skyline
Getty Images
In DFW, renters can afford to live solo.

Not everyone is cut out for living with roommates, but finding an affordable place to live alone can be tricky. Luckily, Dallas-Fort Worth sits among the top 10 most affordable U.S. metros for living by yourself, according to a new report.

Analysts at Apartments.com discovered North Texas renters spend the seventh lowest share of their monthly income on single-bedroom rent out of the 50 biggest metros in the U.S.

The study used a 30 percent "common budgeting guideline" to calculate the share of median renter household income spent on one-bedroom asking rents across the 50 largest U.S. metros, and determined renters can only afford to live alone in 24 of the 50 metros without crossing the 30 percent threshold.

The median annual income of a DFW renter household is $63,172, and the findings show the typical asking rent for a one-bedroom apartment comes out to $1,348 per month. The study determined single renters spend 25.6 percent of their monthly income on rent based on the budgeting suggestion.

Texas' favorable rental market also extends outside of the Dallas-Fort Worth Metroplex: Austin surprised as the No. 1 most affordable metro for living alone, and San Antonio appeared among the top 10.

Austin renters spend the smallest share of their income on single-bedroom apartment rent, at 23.1 percent. That's based on a median renter household income of $70,008 and a $1,348 monthly one-bedroom asking rent price.

Dwindling rent prices and the prevalence of major tech employers are also attracting new renters, and the city has an 11.6 percent apartment vacancy rate.

"The average rent in Austin has decreased year over year, and construction of new housing increased by 30 percent over the past decade," the report's author wrote. "Tax incentives in Texas draw large tech corporations, like Google and Apple, to the Austin area, which has increased average wages, added more jobs to the local economy, and attracted renters in the process."

San Antonio ranked right above DFW in sixth place nationwide with solo renters spending 25.4 percent of their monthly income on single-bedroom rent, coincidentally the same share as single renters living in Raleigh, North Carolina and Salt Lake City, Utah.

This is the income and one-bedroom rent data in San Antonio:

  • $51,029 – median renter household income
  • $1,082 – one-bedroom monthly asking rent

A separate Apartments.com survey found 39 percent of U.S. adults would never feel comfortable living with a roommate, and 16 percent of renters would rather pay more in rent to live alone than consider living with a roommate.

"Factors contributing to lower rents may include recent high levels of construction, rising vacancy rates as renter demand catches up to supply, and fewer regulations, such as flexible zoning and lower development costs compared to other parts of the country," the report said. "Living alone has become a non-negotiable for many renters, and some renters are willing to make tradeoffs to afford this lifestyle."

The top 10 most affordable U.S. metros for living alone are:

  • No. 1 – Austin
  • No. 2 – Oklahoma City
  • No. 3 – Phoenix
  • No. 4 – Raleigh, North Carolina
  • No. 5 – Salt Lake City, Utah
  • No. 6 – San Antonio
  • No. 7 – Dallas-Fort Worth
  • No. 8 – Denver
  • No. 9 – Portland, Oregon
  • No. 10 – Columbus, Ohio
real estate rent rent prices apartments affordability reports
news/real-estate
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