One of the largest and most known cities in the entire country, Dallas, Texas, is known to investors as a stable place to invest in real estate. Despite its fast-growing status, it remains one of the most accessible markets in the country for the middle and upper classes. If you’re looking for a place to put your money in, here are reasons to include “The Big D” on your list of investment opportunities:
Continuous Development in Dallas Metro
The Dallas-Fort Worth metropolitan area, or DFW, is one of the fastest-growing urban development centers in the U.S. The good thing is, while the city center is booming, the suburban counties aren’t falling behind, with many modest houses and impressive mansions still popping up; In fact, data from the U.S. Census Bureau indicates that the DFW area is growing faster than the commercial center.
A big boon to DFW’s constant growth is its landscape: the DFW area is surrounded by mostly usable land. Dallas is the largest inland metropolitan area in the United States that has no direct access to any ocean. The presence of interstate highways and railways makes up for the lack of port in the area, allowing Dallas metro to become the center of commerce.
Dallas has a healthy population growth. In 2018, the Dallas-Fort Worth-Arlington area saw the biggest population growth among U.S. cities, with a 1.8% increase from the year before, according to data from the Census bureau. While this growth rate seems to show that the state might have a shortage of real estate soon, Dallas manages to balance its population growth with its urban development gracefully. In fact, home buying in Dallas is as lucrative as in other parts of the country.
The area’s population growth is attributed to many things, one of which is job opportunities. In 2019 alone, Dallas created more than 130,000 new jobs. With new jobs, more people increased their buying power, allowing them to afford real estate and the city’s cost of living—which is relatively cheaper than other cities of the same size and growth.
Non-locals might assume that Dallas is sweltering since it’s located in North Texas. Dallas’s residents actually enjoy a stable temperature year-round, making it a perfect spot to live in. You don’t have to escape blistering summers or bone-chilling winters.
Perfect for Families
One of the mistakes when buying a home is choosing a property that doesn’t support your lifestyle or status. A bachelor’s pad, for instance, may not suit a family with two children. The Dallas metro offers ideal properties for starting and growing families. They also have facilities and amenities families need, such as good schools, daycare centers, playgrounds for pre-school kids, and groceries. Several grocery stores in DFW offer delivery and curbside pickup services to help families get the supplies they need safely.
Dallas has something to offer to everyone. With a pleasant climate all year, more than enough job opportunities, the right balance of development and population growth, and facilities for families’ diverse needs, the city is one of the best candidates for your new home.