Arlington is one of the state’s most desirable places to live according to Neighborhood Scout Data. Dallas-Fort Worth home prices should increase at a more moderate rate next year, and total home sales are expected to decline slightly.
DFW area home prices will grow 4.3 percent next year, forecasts say that’s down a bit from this year’s 5 percent year-over-year median home sales price increase, but the rate of home appreciation in DFW is still ahead of the nationwide 2.2 percent home price forecast for 2019.
Average list price: $67,518
Average monthly rent : $722
Price to rent ratio: 7.29
Arlington’s depressed housing market makes it the most attractive city to buy a home — rather than rent.
In Arlington the average list price of a two-bedroom home is $70,000. The average price of all homes in Arlington is $108,000, compared to the nationwide average of $175,000. And on top of low prices, homeowners are desperate to sell, as confirmed by Bestplaces.net.
Forbes.com has their own analysis on why you can sell an Arlington house fast. Arlington is also located in the Dallas-Fort Worth metro area. As such, Arlington has been benefiting from the general population and economic surge that the metro area and Texas overall have been experiencing.
Like Fort Worth, Arlington has its share of colleges to lure renters with money. Perhaps most notable is the University of Texas at Arlington, which also boasts a state-of-the-art planetarium. Other geographic bonuses include AT&T Stadium, where the Dallas Cowboys play their home games, as well as Lake Arlington.
Arlington’s population has grown impressively over the years. From a population of 332,969 in 2010, Arlington’s current population in 2018 exceeds 390,000 — a growth rate of 18% over eight years.
Here’s a breakdown of some important figures to consider before you buy property in Arlington:
- Median list price – All Homes: $240,000
- Median rent: $1,521
- 1-year increase in home values: 9%
- 1-year job growth rate: 3.2%