With people moving to Dallas in record numbers, home sales are hot. But should you invest there? Let’s consider the key market factors to help you decide.

One of America’s Hottest Housing Markets

A recent Realtor.com study puts multiple DFW neighborhoods in the Top 50 of America’s hottest zip codes. For reference, the U.S. has over 41,000 zip codes. Realtor.com’s “hotness map” considers views of online listings and the days available homes stay on the market.

A recent WalletHub study places four North Texas towns – McKinney, Frisco, Denton, and Allen – in America’s Top 10 real estate markets. In their ranking, WalletHub compared 300 cities using 17 indicators that include housing affordability, home value forecast, cost of living, and the local job market.

Housing Supply is on the Rise

Homebuyers increasingly have more choices in DFW. Housing inventory has risen considerably, going from a 2-month supply last year to a near 3.8-month supply this year. Home sales are also up, rising 4.2% from last year. With more affordable prices – median home prices in DFW fell nearly 2% from 2023 to 2024.

Strong Return on Investment

With high rental occupancy rates in Dallas, topping 92%, rental properties nearly guarantee a strong income stream. How will that investment property appreciate? Last year, overall property values in Dallas jumped close to $17 billion. In recent years, Dallas home prices have climbed significantly in some of its least expensive areas, making those areas smart places to invest.

Rising Residents Means New Opportunities

People are moving to Dallas in big numbers. According to the U.S. Census, the Dallas-Fort Worth Metroplex had America’s highest population growth among metro areas in 2023. What’s driving the influx? Last year, the Metroplex created the second-most new jobs among all major U.S. metropolitan areas.

As about 59% of Dallas households are renters, there’s a massive and ever-growing demand for rental properties. DFW is second only to New York City in apartment demand.

Good Living for Investment Longevity

While economic opportunities bring people to Dallas, good living keeps them there. North Texas has some of the best quality of life the Lone Star State offers and ranks high nationally. Big-city offerings? Tranquil suburban enclaves? You’ll find them side-by-side in the Dallas Metroplex.

When you’re ready to broaden your real estate portfolio with an investment, the loan experts at the Decker Group are ready with a range of financing options. Give us a call at (972) 591-3097 or connect with us online.