If you plan to lease a house in North Texas, it’s best to know what you face in 2021. Below are the high and low prices along with the total number of available single-family houses in cities that have any land in Collin and Denton counties.
To avoid outliers such as converted garages, the search was set to properties that most tenants want. The most common request is for 3+ bedrooms, 2+ bathrooms, 2+ car garages that were built in 1990 or later.
The most obvious shortfall is in the city of Dallas. With a population of more than 1.3 million, there are only 33 properties of this type available – one of those is asking $12,500 monthly. However, the most affordable home is also in Dallas and priced reasonably at $1,400 for a “cozy” (1,259 SqFt) home built in 1999 in East Dallas.
Fort Worth takes the crown for the most available properties with 202 lease properties available for a population of 918,915. Prices start at a relatively modest $1,600 per month but climb to $6,900 monthly.
Surprisingly, Frisco has the next highest availability at 76. Expect to pay a premium to live in the high-demand city. Leases start at $2,095 monthly and go to $8,000.
Lakewood Village wins for the most expensive starting point because there’s only one property available for $7,695 per month. There was only one other lease house available in the last six months, and it went for $3,700 per month. Southlake follows with an eye-opening range of $4,300 to $6,500 per month. Get them fast because there are only four available in a city with a population of 31,265.
The median days on market in this market favors landlords. Trophy Club with a price range of $3,000 to $7,200 has 30 median days on market (1 month). Celina and Roanoke both have 26 days. There’s upward pressure on rent prices when landlords know they won’t go a month without a tenant. Many cities are in single-digit median days on market.
If you’re ready to become a landlord or lease a house in Collin or Denton counties, you need a skilled REALTOR on your side to ensure you get the ideal property.
I’ve Got Your Six!
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
Lease properties: Active, single family, 3+ beds, 2+ baths, 2+ garage, built 1990+. Located in cities that tax in Collin or Denton counties.
Columns include lowest and highest asking price as well as number of properties available, median Days On Market and city population.
Collin County
City Low $ High $ # Avail Med. DOM Population (2020 census)
Allen $2,100 $6,750 24 18 104,627
Anna $1,725 $2,695 31 20 43,703
Blue Ridge 0 1,180
Carrollton $1,980 $4,300 12 7 133,434
Celina $1,995 $3,900 14 26 16,739
Dallas $1,400 $2,500 33 16 1,304,379
Fairview $2,900 1 13 10,372
Farmersville $1,980 1 19 12,344
Frisco $2,095 $8,000 75 15 200,509
Garland $1,695 $3,200 8 20 246,018
Josephine $1,750 $2,400 2 14 2,119
Lavon $1,950 $2,100 4 11 4,469
Lowry Crossing 0 1,689
Lucas 0 7,612
McKinney $1,900 $5,600 62 12 195,308
Melissa $1,899 $3,295 19 15 13,901
Murphy $2,400 $4,511 2 17 21,013
Nevada 0 1,314
New Hope 0 661
Parker 0 148,222
Plano $2,100 $5,000 40 9 285,494
Princeton $1,895 $2,595 43 17 17,027
Prosper $2,250 $4,995 11 20 30,174
Richardson $2,495 $3,200 2 21 119,469
Royse City $1,850 $2,405 15 10 13,508
Sachse $2,300 1 3 27,103
Saint Paul 0 992
Van Alstyne $2,300 $2,800 2 43 4,369
Weston 0 283
Wylie $1,800 $4,545 10 17 57,526
Denton County
Argyle $3,000 $7,000 8 9 4,403
Aubrey $1,950 $3,920 18 21 5,006
Bartonville 0 1,725
Carrollton $1,980 $2,150 14 7 133,434
Coppell $3,000 $3,800 5 6 42,983
Copper Canyon 0 1,731
Corinth $2,050 $2,900 5 6 22,634
Cross Roads $1,900 $2,595 5 19 1,744
Dallas $1,400 $12,500 32 19 1,304,379
Denton $1,745 $3,158 32 11 139,869
DISH 0 437
Double Oak 0 3,054
Flower Mound $2,200 $6,000 14 15 75,956
Fort Worth $1,600 $6,900 202 14 918,915
Frisco $2,095 $8,000 76 16 200,509
Hackberry 0 2,973
Haslet $1,950 $2,225 4 22 1,952
Hickory Creek 0 4,718
Highland Village 0 15,899
Justin $2,400 1 9 4,409
Krugerville 0 1,766
Krum 0 5,483
Lake Dallas 0 7,708
Lakewood Village $7,695 1 14 635
Lewisville $1,900 $3,994 12 18 111,822
Little Elm $1,895 $3,500 41 14 46,453
Northlake $2,575 $3,295 8 18 5,201
Oak Point $4,200 1 6 4,357
Pilot Point 0 4,381
Plano $2,100 $5,000 40 9 285,494
Ponder $1,875 $2,500 2 23 2,442
Prosper $2,250 $4,995 11 20 30,174
Roanoke $2,350 $3,000 2 26 9,665
Sanger $2,025 1 2 8,839
Shady Shores 0 2,764
Southlake $4,300 $6,500 4 20 31,265
The Colony $2,750 $3,995 2 20 44,534
Trophy Club $3,000 $7,200 3 30 13,688
Westlake 0 1,623
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