Is it cheaper to rent or buy right now in Carrollton, TX? The answer depends on a variety of factors, from your budget and lifestyle to the current housing market. In this article, we’ll take a deep dive into the cost of living in an apartment vs house in Carrollton to help you make an informed decision.
The Housing Market in Carrollton Today
As of 2025, the housing market in Carrollton is competitive but relatively stable. Inventory has tightened slightly over the past few years, with fewer homes and apartments available compared to the early 2020s. However, new housing developments are rising in several neighborhoods, particularly near downtown and along major transit corridors.
One unique characteristic of Carrollton’s housing landscape is the prevalence of green spaces and parks. Many apartment complexes and planned communities prioritize outdoor amenities, offering features like walking trails, community gardens, and dog parks. This focus on livability and recreation has helped attract a diverse mix of residents, from young professionals to growing families.
Economically, Carrollton benefits from its proximity to major employment hubs like Dallas and Plano. The city’s own job market is also robust, with strong growth in sectors like healthcare, education, and technology. This economic vitality has helped keep housing demand steady, even as prices have risen modestly in recent years.
Renting in Carrollton: What’s Typical?
For renters in Carrollton, the average monthly cost of a one-bedroom apartment is around $1,250 as of 2025. Two-bedroom units typically rent for about $1,600 per month. These prices represent a 3-5% increase compared to a few years ago, but are still considered relatively affordable for the Dallas-Fort Worth metroplex.
Popular renter neighborhoods in Carrollton include Downtown, Trinity Mills, and Austin Ranch. These areas offer a mix of newer apartment complexes and established rental communities, with easy access to shopping, dining, and entertainment. Many properties cater to young professionals, offering amenities like co-working spaces, fitness centers, and resort-style pools.
While rent in Carrollton has risen in recent years, certain pockets still offer budget-friendly options. Neighborhoods like Rosemeade and Northside tend to have lower prices, with one-bedroom apartments starting around $1,000 per month. These areas may have older properties or fewer amenities, but can be a good fit for renters prioritizing affordability.
Owning a Home in Carrollton
For those looking to buy a home in Carrollton, the median price is currently $350,000. With a 10% down payment and a 30-year fixed mortgage at 3.5% interest, this translates to a monthly payment of roughly $1,400 (excluding taxes and insurance). However, actual costs can vary significantly based on the specific property and financing terms.
In addition to the mortgage, Carrollton homeowners should budget for property taxes, which average 2.3% of assessed value per year. For a $350,000 home, this equates to about $670 per month. Homeowners insurance typically runs $100-200 monthly, while utility costs are similar to renters at around $200 per month.
Many Carrollton neighborhoods also have Homeowners Associations (HOAs), which charge monthly or annual dues. These fees can range from $50 to over $300 per month, depending on the community and amenities. For a median-priced home, buyers can expect to pay around $150 monthly in HOA dues.
Renters vs. Homeowners: Who Lives Where?
In Carrollton, about 60% of residents own their homes, while 40% rent. This homeownership rate is slightly higher than the national average of 56%, reflecting the city’s many established neighborhoods and family-oriented communities.
Renters in Carrollton tend to be younger, with many in their 20s and 30s. They often work in nearby cities and appreciate the flexibility and amenities of apartment living. Homeowners, by contrast, are more likely to be older, married, and have children. They value the stability, space, and investment potential of owning a property.
While renting is common among younger individuals, a significant portion of older residents also live in apartments or rental homes. This may be due to financial constraints, lifestyle preferences, or the desire to downsize. Conversely, some younger families and professionals are able to purchase homes in Carrollton, thanks to the city’s relatively affordable prices compared to other parts of the Metroplex.
Table: Typical Monthly Housing Costs in Carrollton
Here’s what housing costs might look like each month in Carrollton:
| Expense | Renting (1BR) | Owning ($350K home) |
|---|---|---|
| Rent/Mortgage | $1,250 | $1,400 |
| Property Tax | $0 | $670 |
| Homeowners Insurance | $0 | $150 |
| Utilities | $200 | $200 |
| HOA Dues | $0 | $150 |
| Total | $1,450 | $2,570 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors influence the cost of housing in Carrollton. On the demand side, the city’s strong job market and appealing quality of life continue to attract new residents. This puts upward pressure on prices, particularly in desirable neighborhoods or newer properties.
In terms of supply, Carrollton has seen steady growth in new housing developments over the past decade. However, the pace of construction has not always kept up with demand, leading to lower inventory and higher prices. Zoning regulations and land availability also play a role, as much of the city is already built out.
Looking ahead, Carrollton’s housing costs will likely continue to rise gradually, in line with regional trends. However, the city’s relative affordability compared to other parts of the Metroplex should help moderate price increases. Additionally, ongoing efforts to increase housing diversity – through zoning changes, density bonuses, and other incentives – could help improve affordability over time.
FAQs About Housing in Carrollton
- Is Carrollton affordable to live in? Compared to other cities in the Dallas-Fort Worth area, Carrollton offers relatively affordable housing options. However, prices have risen in recent years, and many residents still struggle with housing costs.
- Why are housing prices changing? Housing prices in Carrollton are influenced by factors like population growth, economic conditions, and the balance of supply and demand. In recent years, steady job growth and limited inventory have put upward pressure on prices.
- How does Carrollton compare to nearby cities? Carrollton tends to be more affordable than cities like Plano or Frisco, but pricier than some outer-ring suburbs. It offers a balance of urban amenities and suburban livability that appeals to many residents.
Making Smart Housing Decisions in Carrollton
Whether you’re looking to rent or buy in Carrollton, it’s important to consider your budget, lifestyle, and long-term goals. Renting offers flexibility and predictable monthly costs, but doesn’t build equity. Buying a home can be a good investment, but comes with added expenses and responsibilities.
As you weigh your options, be sure to factor in the full cost of housing, including utilities, insurance, and maintenance. You may also want to explore different neighborhoods to find the best fit for your needs and budget. For example, living downtown or in a newer complex may come with higher costs but more amenities. Choosing an older property or a more suburban area could save you money but require a longer commute.
Ultimately, the decision to rent or buy in Carrollton depends on your unique situation. By understanding the local market and carefully considering your options, you can find the right housing choice for you. For more information on budgeting and affordability, check out these resources: