The Dallas housing market is doing better now after hitting a couple of blows during the pandemic, as many other industries did. An above-average population of millennials, inbound solid population growth, and a thriving economy are why the Dallas real estate market and demand for rental properties are increasing.
Real estate investors love Dallas because it has something for everyone: jobs and big-city excitement, attractive suburbs, and a warm climate. Dallas is one of the well-known metropolitan areas in the U.S.A. and it is considered a great gateway city for investors looking for easily liquidatable real estate properties.
Why you should consider Dallas to find your next home
The population of the Dallas area keeps swelling. Over 1.3 million people live in the city and more than 7.6 million residents are in the metropolitan area. It is one of the largest cities in Texas and the 4th largest metro area in the country.
The unemployment rate in Dallas is currently 3.2% (as of April 2022), with the manufacturing, transportation, trade, and leisure and hospitality sectors showing the fastest signs of new growth.
Real estate market
Dallas has been ranked by the National Association of Realtors (NAR) as one of the top ten markets in a post-pandemic environment in 2021-2022. The housing affordability in the market is mid-range, which explains the high number of people renting out houses in Dallas, Texas.
Quality of life
Real estate prices in Dallas are affordable, the job market is robust, the cost of living is low, and there is a fantastic cultural scene. Texas also has no state income or inheritance tax, and it is easy to understand why so many people and investors are moving to the Dallas area. Forbes even ranks Dallas as the 2nd best place for business and careers in the U.S.
Dallas is among the country’s best places to live and retire, based on the most recent research by U.S. News and World Report.
Niche.com awards Dallas an overall “A-” grade with strong public schools and nightlife rankings. The best neighborhoods to live in; in the Dallas area include Cottonwood Creek South, Heights Park, Coppell, and Canyon Creek South.
The cultural scene in Dallas includes a number of scenery such as the Downtown Art District, the Dallas Symphony Orchestra, and the State Fair of Texas, which started back in 1886. In the sports sector, sports teams in Dallas include the Texas Rangers, Dallas Mavericks, NHL Dallas Stars, and the Dallas Cowboys – who are rumored to be the World’s most valuable sports team, worth $5.5 billion.
Your #1 Broker
He is definitely growing into one of the most famous people on social media. He has won awards as one of the best Dallas Real Estate brokers and owns Bentley Fine Properties. Chris has over 19 years of experience selling real estate in multiple states. And if you are considering moving to Dallas, he is just the right person to call.