Dallas Property Management

Ready to Invest in Dallas, Texas? Here’s What You Need to Know

When it comes to Dallas investment property in the state of Texas, few cities have as momentum and potential as Dallas TX. It’s an established city with massive resources, thousands of successful businesses, and a variety of cultural hubs that makes it an attractive place to live. From single-family homes to apartments and condos, Dallas TX is full of lucrative investments. Could it be home to your next Dallas investment property?

Location

Dallas TX is the seat of Dallas County and extends into portions of Collin, Denton, Rockwall, and Kaufman counties. In total, The Dallas-Fort Worth Arlington MSA is made up of 12 counties, including the aforementioned counties, plus Delta, Ellis, Hunt, Johnson, Parker, Tarrant, and Wise.

Dallas TX sits in the eastern portion of the state and is surrounded by thriving cities and suburbs like Frisco, Plano, Arlington, and Fort Worth. To the south, Austin, Houston, and even San Antonio are all reachable within four and a half hours. To the north, Oklahoma City is a three-hour drive.

Population and Demographics

According to the latest census data, the city of Dallas has 1.34 million citizens. It’s ranked the fourth-fastest growing city in the United States with annual growth of about two percent. As a whole, the Dallas-Fort Worth area has doubled in size over the past 30 years. In the city itself, the population is 41 percent Hispanic, 29 percent white, 23 percent black, 4 percent Asian, and 3 percent other.

Area History

The first cabin was built-in modern-day Dallas back in 1841 by a Tennessee lawyer and trader named John Neely Bryan. Within three years, hundreds of other settlers and families moved to the area and a city was laid out in 1844. It’s believed to be named after early settler Joseph Dallas or for U.S. vice president Mifflin Dallas.

Much of Dallas’ commercial growth was stimulated by the arrival of railroads in the late 19th century. Grain, leather, and cotton created much of the area’s early commerce. Since then, it’s become a top location for food processing plants, textile manufacturing, petroleum, and (most recently) software and technology.

Education

Dallas is home to 337 public schools, 89 private schools, and an impressive 38 colleges and universities. Some of the largest colleges within the Dallas city limits include UT Southwestern Medical Center, Texas Woman’s University, the University of North Texas at Dallas, Dallas Baptist University, Dallas Theological Seminary, Criswell College, and Dallas College.

Things to Do

You’ll never go bored in Dallas. Whether you want to experience arts and culture or sports and entertainment, there’s always plenty to do. This includes The Sixth Floor Museum, Dallas Arboretum & Botanical Gardens, The George W. Bush Presidential Library, Dallas Museum of Art, and professional sports venues like AT&T Stadium (Dallas Cowboys), American Airlines Center (Dallas Mavericks and Dallas Stars), and Globe Life Field (Texas Rangers)

Home Prices and Trends

The median home price in Dallas real estate is $205,793. Roughly 59 percent of homes are priced under $250,000, while 13 percent of homes are priced above $622,000. There are currently 513,443 homes and apartments in Dallas real estate. Approximately 42 percent of properties are single-family homes, while 47 percent are apartment complexes. Nearly 20 percent of all homes have been built since 2000.

The current homeownership rate is 40 percent. The 60 percent of homes with renters charge an average market rent of $1,472 per month.

Is Dallas the Best Place for You?

Dallas is one of the fastest growing cities and top real estate markets in the country. Here are some signs it might be a good fit:

Access. If you're looking for a big city with access to amenities, Dallas is an excellent location. You’re a stone’s throw from delightful art and culture, as well as a short drive from outdoor activities and adventure.

Value. While real estate values are certainly appreciating, there’s still plenty of value to be found (particularly when compared to less favorable urban cities with higher taxes and regulations).

Education. It’s hard to beat the public schools, colleges, and universities inside and around Dallas. This makes it an attractive landing spot for families.

There’s never been a better time to call the “Big D” home! Whether you’re searching for your next family home or a Dallas investment property, we’re here to help with all your property management needs. Contact us today and we’ll get you in touch with one of our experienced Dallas property management team.