The median cost to rent a two-bedroom apartment in Fort Worth is now $1,140 a month, up from $970 less than four years ago. In Arlington, the median rent for a two-bedroom unit is now $1,200, up 9 percent in the past year.
The median cost of a home in Dallas Fort Worth has increased 33% according to the National Association of Realtors.
It could be a good time to sell your current home and collect some of the appreciation. Interest rates have risen from all time lows to an average 4% to 4.875% (according to Bankrate.com) for a 30 year fixed rate loan.
Let us help you with a plan to help you capture value of your current home or buy a home and acquire an asset that will appreciate. It will also give you a place to live.
Usually the cost of housing is figured at 28% to 40% of monthly income.