Rent-to-Own Homes in Richardson, TX: What You Need to Know
Richardson is a mid-sized city in Texas and is the number 5 best place to retire in the entire country! The cost of living is low, and the job market is thriving. Though popular among retirees, Richardson is also ideal for raising a family. The schools and neighborhoods are some of the best in the state.
What is the Cost of Living in Richardson, TX?
One of the major draws of Richardson is the low cost of living. Overall, it is 11% less expensive to live here compared to the national average. Food and groceries cost 11% less, as well. Housing and all associated expenses are 12% cheaper. The median home price is $307,000 and just over half the residents own their homes. For those who would rather rent, studio apartments cost around $1,020, one-bedrooms are $1,200, and two bedrooms are about $1,470 per month. Larger apartments are pricier; three bedrooms cost around $1,950 and four bedrooms are $2,540 per month.
What are the Best Job Opportunities in Richardson, TX?
Richardson employs the second largest population of people in the Dallas/Fort Worth metropolitan area. The major industries to consider are financial services, insurance, telecommunications, and public education. The average salary of a Richardson resident is $72,000 annually. The unemployment rate is 5.2%, which is firmly below the national average.
Richardson, TX Schools and Education
There are 31 public schools located in Richardson, TX. Of these, 16 are considered top public schools, teaching just over 8,000 students. The reading and math scores consistently rank above the Texan average, placing these schools in the top 30% of public schools statewide. For those uninterested in public education, there are 18 private schools available, teaching just over 2,000 students. The best of these schools are the Breckinridge Montessori School, Bridge Builder Academy, and I A N T Qur’anic Academy.
If you are seeking higher education, there are 34 colleges within a 50-mile radius of Richardson. The University of Texas at Dallas, Richland College, and University of Phoenix Dallas Campus are the three closest schools.
Weather and Climate in Richardson, TX
Residents of Richardson enjoy a humid, subtropical climate meaning their summers are hot and humid, while their winters are cold and windy. It rains a total of 118 days, accumulating 16”. May is the wettest month, with 12 rainy days. August is the warmest month, with peak temperatures of 96°F. January is the coldest month, with temperatures dipping down to 39°F.
What are the Best Neighborhoods in Richardson, TX?
One of the best places to live in all of Texas, Cottonwood Creek South is home to just over 1,000 residents. They enjoy a quiet urban environment and top-rated public schools. The majority of residents are retirees. The median home value is $330,000 and nearly every resident owns their own home. The median rent is $2,050.
3,000 people call Heights Park home. The majority of residents are families, young professionals, and retirees. They enjoy a quiet suburban vibe and notorious public schools. The median home value is $289,000 and the majority of residents own their homes. The median rent is $1,390.
Canyon Creek South is home to 4,000 residents, many of whom are retirees. They enjoy a quiet urban vibe and excellent public schools. The median home value is $413,000 and nearly all residents own their homes. The median rent is $1,300.