When Jenna, a 28-year-old nurse, decided it was time to put down roots in Mesquite, she knew crunching the numbers would be critical. As a first-time buyer, Jenna carefully calculated her budget, weighing the cost of living in an apartment vs house in Mesquite. She compared monthly rent, utilities, and other expenses, determined to make a smart housing choice in this friendly Dallas suburb.
For many like Jenna, understanding the housing costs in Mesquite is essential for making informed decisions. In this article, we’ll break down the key factors that impact the cost of living in Mesquite, from rent and mortgages to property taxes and utilities. Whether you’re a young professional, growing family, or empty nester, here’s what you need to know about housing affordability in Mesquite.
The Housing Market in Mesquite Today
Mesquite, a vibrant city just east of Dallas, offers a diverse housing landscape for its 150,000 residents. The local market has seen steady growth in recent years, with a mix of established neighborhoods and new developments attracting buyers and renters alike.
One notable trend is the rise of mixed-use developments, particularly in the downtown area. These properties blend residential units with retail and office space, creating walkable communities that appeal to younger professionals. At the same time, Mesquite’s suburban neighborhoods continue to draw families with their spacious homes and quality schools.
While inventory has tightened somewhat in Mesquite, as in many parts of the Dallas-Fort Worth metroplex, the city still offers a range of housing options at various price points. Whether you’re seeking a cozy apartment, a starter home, or a sprawling estate, Mesquite’s market has something to offer.
Renting in Mesquite: What’s Typical?
For renters, Mesquite provides a variety of apartments and rental homes to fit different budgets and lifestyles. According to recent data, the average rent for a 1-bedroom apartment in Mesquite is around $1,100 per month, while a 2-bedroom typically goes for $1,400. These figures represent a modest 3% increase over the previous year.
Popular areas for renters include the Town East neighborhood, which offers a mix of apartments and single-family homes close to shopping and dining, and the Samuell Farm area, known for its park-like setting and newer apartment complexes. Young professionals and small families are drawn to these areas for their amenities and proximity to major employers.
It’s worth noting that rental rates can vary significantly based on factors like location, age of the property, and included amenities. In Mesquite, renters may find more affordable options in established neighborhoods, while luxury apartments in mixed-use developments command higher prices.
Owning a Home in Mesquite
For those looking to buy a home, Mesquite offers a range of options at relatively affordable prices compared to some other parts of the Dallas-Fort Worth area. The median home price in Mesquite is around $250,000, which translates to a typical monthly mortgage of about $1,500 (assuming a 30-year fixed-rate loan with 20% down).
Of course, the total cost of homeownership goes beyond the mortgage payment. Buyers in Mesquite can expect to pay around $4,000 per year in property taxes, based on the city’s tax rate and the median home value. Homeowners insurance adds another $1,200 to $1,500 per year on average.
For homes in planned communities or condominiums, monthly HOA (homeowners association) dues are another factor to consider. In Mesquite, HOA fees typically range from $200 to $400 per month, depending on the amenities and services provided.
Renters vs. Homeowners: Who Lives Where?
Mesquite has a homeownership rate of around 60%, slightly lower than the national average but on par with many suburban communities. While renting is common among younger individuals and those new to the area, a significant portion of Mesquite’s residents own their homes.
Families, in particular, are drawn to homeownership in Mesquite for the stability and space it provides. Many of the city’s established neighborhoods, such as Casa View Heights and Creek Crossing, are popular with families seeking single-family homes with yards.
For some residents, particularly those with lower incomes or limited savings, the upfront costs of homeownership can be a barrier. Down payments, closing costs, and credit requirements may keep some individuals or families in the rental market for longer periods.
| Expense | Apartment (1BR) | House (Median Price) |
|---|---|---|
| Rent/Mortgage | $1,100 | $1,500 |
| Property Tax | – | $333 |
| Insurance | $15 | $100 |
| Utilities | $120 | $250 |
| HOA Dues | – | $250 |
| Total | $1,235 | $2,433 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors influence housing costs in Mesquite, from broader economic trends to local policies and development patterns. On a macro level, the strong job market in the Dallas-Fort Worth region has driven population growth and housing demand, putting upward pressure on prices.
At the same time, Mesquite’s location and land availability have allowed for new construction to keep pace with demand, helping to moderate price increases compared to more built-out areas closer to central Dallas. The city’s ongoing efforts to revitalize its downtown and attract mixed-use development are also shaping the housing landscape.
Zoning policies play a role as well. Mesquite’s zoning allows for a mix of housing types, from single-family homes to apartments and townhouses, which helps to diversify the housing stock and provide options at different price points. As the city continues to grow and evolve, its land use policies will be key to ensuring a balanced and affordable housing market.
FAQs About Housing in Mesquite
- Is Mesquite affordable to live in?
Compared to some other parts of the Dallas-Fort Worth area, Mesquite offers relatively affordable housing options. The median home price and average rents are lower than in many neighboring cities, making it an attractive choice for budget-conscious households. - Why are housing prices changing?
Housing prices in Mesquite are influenced by a combination of factors, including population growth, job market trends, land availability, and local development patterns. As more people move to the area and demand for housing increases, prices may rise, but new construction and diverse housing options can help moderate those increases. - How does Mesquite compare to nearby cities?
Mesquite is generally more affordable than cities closer to central Dallas, such as Richardson or Plano. However, it may be slightly pricier than some more distant suburbs like Forney or Terrell. Ultimately, housing costs in Mesquite offer a balance of affordability and access to the amenities and job centers of the Dallas-Fort Worth metroplex.
Making Smart Housing Decisions in Mesquite
For those considering a move to Mesquite, understanding the cost of living in an apartment vs house is a key first step. By comparing monthly rent, mortgage payments, property taxes, and other expenses, households can make informed choices about what type of housing best fits their budget and lifestyle.
It’s also important to consider long-term affordability and financial goals. While renting may offer flexibility and lower upfront costs, homeownership can provide stability and the opportunity to build equity over time. Tools like Average Monthly Expenses in Mesquite, TX and Cost of Living in Mesquite – Housing, Groceries, Taxes & More can help individuals and families create realistic budgets and plan for the future.
Ultimately, whether you choose to rent or buy, Mesquite offers a range of housing options to fit diverse needs and budgets. By understanding the local market and carefully considering your own financial situation, you can find the perfect place to call home in this vibrant and growing community.