1. Population Growth

North Texas is among the country’s most densely populated and fastest growing regions in The United States. Why does it matter to you as an investor? One of the main factors that fuels a real estate market’s development is population growth. Due to the job opportunities and the low cost of living, the Dallas housing market continues to attract thousands of new residents each year, and this trend is expected to continue! The influx of people creates more real estate investing opportunities. Dallas alone is home to over 1.3 million people, or closer to 6.3 million people if you consider the entire DFW metroplex.

2. Booming Real Estate Market

As an investor, you should always be looking for trends and cities with great potential. North Texas doesn't just have potential, it is also a well established market. That said, Dallas is among cities with the most diverse and most talented job markets. It’s a top 3 US city for the highest number of Fortune 500 companies, including ExxonMobil and America’s largest airline, American Airlines. What does any of this have to do with real estate? For the past decade the North Texas market has been on an upswing. In fact, just in the past year, the average home value increased significantly, and is projected to continue as people move here. The future of the city holds plenty to be excited about. 

3. Great Renters to Home Buying Ratio

Renting, for the most part, is cheaper than buying in this current market. Besides, a strong portion of the Dallas metropolitan population is comprised of millennials who have historically preferred renting over buying homes. This coupled with favorable tax laws and steady population growth makes investing in real estate in DFW an even better decision. The demand for rental properties is at an all-time-high. If growth is what you're looking for, North Texas is an excellent market for your portfolio.

If you’re considering an investment in the Dallas real estate market, get in touch with the team at Ebby Halliday Property Management. We have experience providing real estate investors with everything they need to be successful.