Southlake is one of the hottest suburbs in the Dallas/Fort Worth region. The roots of the town go back to the 1840s, when the area comprised the settlements of Whites Chapel, Jellico, Dove, and Union Church, but it wasn't incorporated as a city until 1956. It has grown astronomically since then, thanks in large part to its convenient location with easy access to the Dallas/Fort Worth International Airport and north Dallas.
Southlake, TX is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Southlake, 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.
Southlake, TX is seeing rapid growth and Southlake, TX's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Southlake, 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 2022 for county Tarrant is 2.37% which is above the national average, which is 0.99%.
Southlake, TX has a walk score of
Southlake, TX has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.