Dallas is a super-hot market now and is likely to continue for many years even decades to come, this is why even though it is a seller’s market in Dallas now, investors continue to look for opportunities here – in this article, I will list 10 top reasons why you should consider an investment opportunity in Dallas.
1. Population Growth: There are hundreds of people moving to Dallas each day, the city (Dallas-Fort Worth) had been expanding non-stop for over a decade now, it is now ranked as either the 4th or 5th biggest city in the U.S., and soon, it will become the 3rd largest city in the U.S.
2. Jobs: There are jobs everywhere – Dallas has attracted more headquarters than any other cities in North America, the recent new HQ relocations include Toyota, FedEx, State Farm, Raytheon, Fujitsu, Hitachi and many unreported companies that have either relocated or expanding their new operations in Dallas as the new HQ for South / South East.
3. Housing Price: Despite of the rising in property price, Dallas remains affordable compared to other cities. $200,000 can get you a nice, decent home in good areas, $300,000 to $350,000, then you will have a ice 4 to 5 bedroom house with a swimming pool. There are also many areas where you can still buy properties under $150,000.
4. Education: Dallas in general has pretty good school systems – most areas have very good school districts especially North, North East, Western areas and some Eastern areas. South Dallas is known to be less affluent and has less attracrive school districts, but that’s also changing due to population growth and new funding has been allocated to to these areas.
Put it simply, you can be in a good school district where home price is around $200,000, this is impossible for most other cities in North America or anywhere in the world.
5. Low Crime Rate: For a metropolis that is approaching 7 million (or maybe over already) people, the crime rate in Dallas is considered as very low. Most of crime activities are concentrated in certain pockets and not spread out into other areas.
It is also safe to walk in most areas at night, and Dallas is rated as one of the best cities to raise family because of the low crime rate as well.
6. Diversity in Economy: Unlike other cities in Texas where energy is the main industry (Houston & San Antonio as examples), Dallas is not reliant on one particular industry. The industry diversification makes it unique as it attracts professionals from all different industries, the main growth industries in Dallas Fort Worth areas include heathcare, education, finance, real estate, telecommunications, semiconductors, aerospace, retail and transportation just to name a few.
7. Cultural Diversity: As DFW continues to grow, it is also becoming more cultural diverse. For someone like me who grew up in a multicultural cities (Sydney & Toronto), it’s important for me to see different cultures. I love the diversity here, Americans, Mexicans, South Americans, Asians and Europeans are all in one place and children are growing up exposing to different cultures. This is also a reason why many immigrants are moving to Dallas.
8. Mild Winter: While summer is not a best time to visit Dallas (very hot), winter is consisdered as very mile in North American standard. Many have moved to Dallas from colder climates such as mid-west, Chicago, Michigan and as far as Canada. Many Canadians have relocated to Dallas recently as they could not cope with the severe winter conditions in Canada.
9. Optimism: I think this is an important note to make. I had lived in more 10 cities in North America and across 6 cities in Australia. Dallasites (those live in Dallas) are very optimistic about their future and they believe the best time is ahead of them, and Texas will continue to grow and become the pivotal economy of North America.
10. Business Opportunities: There are many like myself who decided to move to Texas to start my own business. You can see lots of such entreprenuers in Dallas, many had relocated from California and start their own franchise here in Dallas, or those like me who had moved from another country to chase the Texan & American Dream in Dallas. Entreprenuers create job opportunities and wealth, which is why this is also an important element that will create demand in properties.
These are the 10 factors why you should consider either moving to Dallas or investing in Dallas properties. Not only Dallas is increasing population, it is increasing population of professional workers and entreprenuers – the 2 types of people any city wants to attract.
If you are interested in knowing more about Dallas properties, please contatc me for more details.
Keller Williams Realty