Located just a short distance from the McKinney Downtown Square is an absolutely lovely 1,600 square foot house.
With its bright colors and unique spaces, it's the kind of house you could see yourself in for years.
Unfortunately it's already pending but we're showing it here today because it's just so darn cute.
It's an updated 3 bed, 2.5 bath charming home with the master suite downstairs and a large walk-in closet. Two of the bedrooms are upstairs and come with a Jack and Jill bath.
There are lots of updates in this house including hardwood floors, granite, custom cabinets, gas range and a custom rug for the staircase.
Last year in Dallas, homes made significantly more money than the average worker did
Want even more proof just how wild the real estate market has been in Texas? In 2021, on average, homes in Dallas appreciated for more money than the average resident actually made.
That's according to a new study by Zillow that showed home value appreciation in 2021 was higher than median incomes in 25 of 38 major metropolitan areas studied by Zillow. In fact, appreciation reached higher than $100,000 in 11 of those cities.
In the Dallas/Fort Worth area things looked like this:
• Home Value Growth December 2020 – December 2021: $69,488
• Median Pretax Income in 2021: $50,000
Yes, you read that correctly. Those living in the metroplex saw their home appreciate $19,000 more than the median salary in the area.
San Jose had the highest difference in appreciation vs. median income at $93,000.
The story for renters matched the home appreciation growth. Zillow said rents rose 16% across the US in 2021. Locking in a one-year lease on a typical US rental cost $3,072 more at the end of the year than the start of the year.
Zillow said down payments rose by more than $10,000 in 2021 for a typical 30-year fixed mortgage.