As part of the Dallas-Fort Worth-Arlington metropolitan area, Arlington is a populous city of approximately 374,000 that's mainly flat and rather warm. It's the seventh largest city in the state of Texas, and it's ranked number 49 on the list of largest cities in the entire U.S. Arlington has numerous attractions that make this city an excellent place to visit or to live! Plus, it houses not just one but two sports teams, the Dallas Cowboys and the Texas Rangers.
Arlington, TX is a great place for affordable rent-to-own homes! With a median household income of over $63,351 and a median rent of $1,089, the Arlington, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Arlington, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Arlington, TX is seeing rapid growth and Arlington, TX's' housing market remains optimal with an average home price that is -14% below the 2023 national average. Arlington, TX is part of Tarrant county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Tarrant is 2.37% which is above the national average, which is 0.99%.
The cost of living in Arlington, TX, is 3% higher than the average for the US. The average cost of living in Arlington is $1,441.
The median cost of a home in Arlington, TX, is $281,067.
If you're interested in Arlington rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Arlington statistics compared to the U.S. national average.
|Arlington Averages||National Averages|
|One-Way Commute||27.2 minutes||27.1 minutes|
|Income Tax Rate||No income tax||4.6%|
|Air Quality||AQI 42||AQI 40|
|Median Household Income||$60,571||$79,900|
|Median Property Taxes||$3,245||$2,471|
|Median Home Cost||$281,067||$295,300|
|Median Home Age||33.3 years||37 years|
In the city of Arlington, the average home sells for about $262,004. This is an increase of 2.2 percent from the previous year. In fact, there was a $5,558 increase in the average price over a 365-day time span. Homes selling in the region are selling at an average of $53 per square foot. The median sales price for homes in this particular city is $92,810, which is an increase of 5.5 percent from the previous year. This increase was $4,810. Obviously, the housing market in this area is on the rise and hopefully will continue to rise. One of the more popular regions in Arlington is the west part, which has the highest average home value. The average value of homes in the west is
Depending on the season, Arlington has a trolley that's especially for hotel guest in the Arlington Entertainment District. The service is free for certain hotels and will take passengers to and from attractions like AT&T Stadium, Six Flags Over Texas and Hurricane Harbor. The Yellow Cab Co. offers its services to the cities of Dallas, Fort Worth and Arlington. Cowboy Cab also provides a taxi service to this area. The Fort Worth Transportation Authority (The T) and the Dallas Area Rapid Transit both supply Arlington with transportation via bus. There's also a motorcoach service called Dan Dipert. The Dallas/Fort Worth International Airport (DFW) is the third busiest airport in the world and located just 10 minutes from Arlington. Plus, it has two railways: Trinity Railway Express (TRE) and Amtrak / National Passenger Train Service.
Although Arlington is divided into north, east, south, west, northwest and so on, it's actually divided even smaller into over 120 tiny neighborhoods. However, when you're thinking of over 120 neighborhoods, it starts to get confusing in terms of which border belongs to which area. Instead, it's important to focus on the main neighborhoods (some of which house smaller neighborhoods within them). Some examples include Ambercrest, Brighton, Central Meadowbrook, Handley, and Oakbrook.
Arlington, TX, has a higher crime rate than 90% of other Texas cities and towns, regardless of size. The chance of becoming the victim of a crime in Arlington, TX, is 1 in 30.
Arlington is about 20 miles from Dallas, so, yes, Arlington is close to Dallas, TX.
The median cost of a home in Arlington, TX, is $281,067, slightly below the national average of $295,300.
Arlington, TX is located in a low-risk hurricane zone but they do occur from time to time. Tornadoes occur at a higher frequency than hurricanes.