Real estate can be a worthy investment opportunity. With research, a plan and the right price, just about anyone can be a real estate investor. In this article, our focus will be on the Dallas real estate market trends and investment opportunities in 2020. Home prices in the Dallas housing market have risen steadily in 2019 and will continue to rise in the next year as well.
Despite some fluctuations in the market, demand and sales have continued to climb at a feverish pace for more than two years and show no signs of stopping. However, the DFW metro area has experienced smaller price gains as compared to Dallas.
Dallas real estate market offers some great profit-generating opportunities to all types of real estate investors. Whether you’re buying your first income property or just adding another one to the portfolio, Dallas housing market is a great place to do so as it doesn’t get any more “location” than this.
Dallas has a strong economy and a constant population growth and will make your pockets bigger. As rents goes up smart investors should invest in Dallas real estate.
Purchasing an investment property in the Dallas real estate market, whether it a single family home or a multifamily apartment is an investment that can pay out some huge benefits in the event that you have some experience and education in real estate investing.
You have to know the best places to put your money in real estate so you must do some extensive research to find out the best neighborhoods in Dallas real estate market. There are a number of reasons to consider investing in the Dallas real estate.
Is Dallas going to be one of the hottest real estate markets for investors in 2020? To answer this question, let’s take a look at the latest Dallas housing market trends and find out the prospects of investing in the Dallas real estate in 2020.
Top Reasons to Invest In Dallas Real Estate |
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Dallas Real Estate Market Forecast 2020
What are the Dallas real estate market predictions for 2020? Dallas housing market 2020 is shaping up to continue the trend of the last few years as one of the strongest markets in the United States.
According to Zillow.com, the median home value in Dallas is $213,400. Dallas home values have risen by 8.1% over the past year and their Dallas real estate market forecast is that the prices will continue to rise by 4.5% within the next year.
Here is the Dallas real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 4.5% till Sep 2020.
The median list price per square foot in Dallas is $206, which is higher than the Dallas-Fort Worth-Arlington Metro average of $139. The median price of homes currently for sale in Dallas is $385,000.
Zillow reports that 25.1% of the listings in Dallas had a price cut in Sep 2019, which is a good thing for buyers. It shows sellers were willing to negotiate on prices as they were finding it more and more difficult to sell homes at asking prices.
The median rent price in Dallas is $1,750, which is the same as the Dallas-Fort Worth-Arlington Metro median of $1,750.
Dallas Housing Market Forecast 2019 – 2021
Here is a short and crisp Dallas housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of this forecast for Dallas is 76% and it is predicting a positive trend.
The LittleBigHomes.com estimates that the probability for rising home prices in Dallas is 76% during this period. If this price forecast is correct, the Dallas home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Check this page each quarter for updates to the Dallas, TX Real Estate Market Forecast.
Dallas Real Estate Market Trends
We shall now discuss some of the most recent housing trends in the Dallas area. Trulia has 5,420 resale and new homes for sale in Dallas, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
Some of the most popular neighborhoods in Dallas are Northeast Dallas, Far North, Preston Hollow, Southwest Dallas and North Dallas. Here you’ll find the maximum no. of listings.
Currently, there are 976 active listings in Northeast Dallas, Dallas, TX and the home prices range from $49,900 – $18.5M. Additionally, there are 452 Dallas rental properties for sale on Trulia and their rent price ranges from $695 – $10,000. The schools are rated between 1/10 – 10/10.
Similarly, there are 490 active listings in Far North, Dallas, TX and the home prices range from $73K – $6.75M. Additionally, there are 175 Dallas rental properties for sale and their rent price ranges from $650 – $22K. The schools in this neighborhood are rated between 2/10 – 10/10.
In the past month, 1131 homes have been sold in Dallas, TX as reported by Redfin.com. In addition to houses in Dallas, there were also 1403 condos, 379 townhouses, and 210 multi-family units for sale in Dallas last month.
According to their statistics, the Dallas housing market is somewhat competitive. Homes in Dallas receive 1 offers on average and sell in around 41.5 days. Homes typically receive 1 offer.
Homes sell for about 16% below list price and go pending in around 42 days. A hot listing in Dallas can sell for about 5% below list price and go pending in around 17 days.
Here is the latest Dallas housing market data for the month of Oct 2019 from Redfin.com. The sale to list price ratio shows us that it was buyer’s market in the past month.
Dallas Housing Market Trends in Oct 2019 |
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| Median List Price | $385,000 |
| Avg. Sale / List | 77.2% |
| Median List $/Sq Ft | $197 |
| Avg. Number of Offers | 1 |
| Median Sale Price | $222,000 |
| Avg. Down Payment | 26.1% |
| Median Sale $/Sq Ft | $126 |
| Number of Homes Sold | 1131 |
There are 6,158 homes for sale in Dallas, Texas on Realtor.com. The new listings are 340. The asking price of Dallas single family homes can start from $29,900 and can go up to $18.5M for a luxury property overlooking White Rock Lake.
Additionally, there are 2,571 Dallas rental properties for sale, and their rent price can go from $401 to $129K per month. The median rent in Dallas is $1,850. There are 718 new construction homes for sale in Dallas within a price range of $110,000 to $11.9M.
According to their statistics, in October 2019, the Dallas housing market was a balanced market, which means there was a healthy balance of buyers and sellers in the market.
Ideally a buyer would prefer a sale to asking price ratio that’s closer to 90%. In Dallas, the sellers have held good leverage in these negotiations in the past month.
On an average, they could sold homes for 97.5% of the asking price. A seller would always prefer scenarios which can yield a ratio of 100% or higher.
The median list price of homes in Dallas, TX was $375K in October 2019, trending down -1.5% year-over-year. The median listing price per square foot was $197.
On average, homes in Dallas, TX sell after 69 days on the market. The trend for median days on market in Dallas, TX has gone up since last month, and slightly up since last year.
The median list price in Dallas is $429,000 on Movoto.com. The median list price in Dallas was less than 1% change from October to November. Dallas’s home resale inventories is 3,747, which decreased 5 percent since October 2019.
The median list price per square foot in Dallas is $219. In October 2019 it was $221. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November.
Dallas, TX Single & Multi-Family Homes Statistics
Following the real estate market decline in 2007 in the U.S., single family rental homes became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate.
Single family rental properties have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single family rental units.
U.S. single-family rental market has seen steady rent increases between 2010 and 2019. According to CoreLogic’s latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, it shows a national rent increase of 3% in April 2019, as compared to 2.8% in April 2018.
The average sales price of new homes sold in the U.S. fell by 1.6% year-over-year in July 2019, to $388,000, according to the U.S. Census Bureau. In fact, the median sales price of new homes sold fell by 4.8% to $312,800 over the same period.
For existing homes, the median price was up by 4.3% to $280,800 in July 2019 from a year earlier, according to the National Association of Realtors. July’s price increase marks the 89th consecutive month of year-over-year gains. Demand remains robust. During the year to July 2019, new and existing home sales increased by 4.3% and 2.5%, respectively.
Dallas is one of the nation’s largest metropolitan areas. With a population of more than 7 million in the Dallas-Fort Worth CMSA, there has been a tremendous amount of real estate development activity to support this growth over the past 65 years.
Dallas is among those US cities where renting is more reasonable than buying. One of the many reasons Dallas has been growing over the years is because young people have moved there and continue to do so, and the preferred starting out with rental properties before buying their own home.
The demand for rental units has increased 14% over the last year, so it’s the perfect opportunity to invest in Dallas real estate. The Metro area is growing and its expected that at least 20000 new homes in this area and in Dallas a total of 50000 new single family homes and 50000 apartments.
As per the real estate company called Neigborhoodscout.com, the median house price in Dallas, TX is $186,760, which indicates that home prices in Dallas are around the national average for all cities and towns in the United States.
Large apartment complexes homes are the single most common housing type in Dallas, accounting for 45.26% of the city’s housing units. One or two bedroom apartments are the most common housing units in Dallas.
Other types of housing that are prevalent in Dallas include single-family detached, duplexes, homes converted to apartments and a few row houses. Dallas has a mixture of owner-occupied and renter-occupied housing.
After the great recession of 2008, renting a home has increased exponentially across the nation. There are currently over 136.57 million housing units in the U.S.
In 2018, the total number of homeowner households hit an all-time high of 76.2 million. 36.6% of households rent their homes and 64.4% buy their homes (2018 U.S. Census Bureau).
Currently, there are 3,143 single family homes for sale in Dallas, TX on Zillow. Additionally, there are 691 single family homes for rent in Dallas, TX.
Under potential listings, there are about 62 Foreclosed and 147 Pre-Foreclosure homes. These are the properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
Dallas, TX Foreclosures And Bank Owned Homes Statistics
Looking for foreclosure homes in Dallas? As per the Dallas foreclosure data by Zillow, in Dallas 0.2 homes are foreclosed (per 10,000). This is lower than the Dallas-Fort Worth-Arlington Metro value of 0.3 and also lower than the national value of 1.2.
The percent of delinquent mortgages in Dallas is 1.3%, which is higher than the national value of 1.1%.
With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.
The percent of Dallas homeowners underwater on their mortgage is 5.7%, which is higher than Dallas-Fort Worth-Arlington Metro at 4.4%.
| Total No. of Foreclosures in Dallas | 453 (RealtyTrac) |
| Homes for Sale in Dallas | 3,800 |
| Recently Sold | 10,543 |
| Median List Price | $279,000 (0% ⇑ vs Sep 2018) |
There are currently 453 properties in Dallas, TX that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 3,800.
In October 2019, the number of properties that received a foreclosure filing in Dallas, TX was 6% higher than the previous month and 2% higher than the same time last year.
Dallas Home Prices And Real Estate Appreciation
At the start of 2019, the median home price in Dallas was around $201,000 and it was a gain of more than 13% from a year earlier, according to data collected by Zillow. The Dallas housing market predictions for 2020 are pointing to a steady rise in the home values.
In fact, the Dallas real estate market is expected to outperform the nation in the next year, in terms of annual home value appreciation.
If we go back to historical data, the median sale price for a house in Dallas-Fort Worth rose 6.31 percent from $236,100 in November 2016 to $251,000 in November 2017, according to the data from the Texas A&M Real Estate Center.
Dallas-Fort Worth homebuilders started 33,891 houses in 2017, an increase of 4,488 houses or 15.3 percent above 2016 home starts of 29,403, according to a report from the housing analysis firm of Residential Strategies.
Dallas real estate appreciated 59.88% over the last decade, which is an average annual home appreciation rate of 4.80%, putting Dallas in the top 10% nationally for real estate appreciation, according to NeighborhoodScout’s data.
A recent Dallas real estate market forecasts suggests that home prices in Dallas could rise faster than the national average in 2019. A separate forecast from Zillow ranked Dallas as one of the top ten hottest housing markets of 2019.
Dallas Home Prices Trends
Dallas home prices have been on the rise in the last 10 years. In fact, over the last 6 years, 3 bedroom homes in Dallas have appreciated by 45%.
During the same period, 3 bedroom home prices in Dallas appreciated by 41% nationwide. This shows us that home prices in Dallas are rising more quickly than the most other cities across the nation.
| 7.4% | 11.2% | 15.0% | 18.7% |
| Next 24 Months | Next 36 Months | Next 48 Months | Next 60 Months |
The above Dallas Home Prices Trend is from Metropolitan Statistical Area.
Dallas home prices are up just over 5 percent in a latest survey. Strong economy has buoyed home prices in Dallas beyond their fundamental levels for a sustained period, according to a report by Florida Atlantic University associate dean Ken Johnson.
Home prices in Dallas are still appreciating in but at a decreasing rate, suggesting that the current upward pattern in property appreciation is nearing an end.
A bubble is not likely but a significant slowdown in home price increases is most likely, according to James Gaines, chief economist with the Real Estate Center at Texas A&M University. He said that the things may slow down in Dallas, but it would take a major economic event to do that.
The university study isn’t the first to warn of a home price correction in the Dallas area. But other reports by CoreLogic and Fitch Ratings have said North Texas home prices are overheated.
As the home prices in Dallas continue to rise faster than the national average, however, there is clearly a cooling trend taking place. But if the inventory continues to grow in the Dallas real estate market, it will likely lead to smaller home price gains in Dallas in the future.
And that’s probably a good thing. When home prices rise at a much faster pace than local wages and income, it can create affordability problems. So a cooling trend could actually be beneficial at this point.
Is Dallas A Good Place To Invest In Real Estate?
Should you invest in Dallas real estate? If you want to find out whether Dallas real estate is a good investment or not, you need to drill deeper into local trends. The Dallas real estate trends will tell what the market holds for the year 2020.
We have already discussed the Dallas housing market forecast for answers on why to put invest in this market. Purchasing an investment property in Dallas real estate is a little different from shopping for your car or primary residence.
While you still want to get the most for your money, if you are looking to make a profit, you don’t want to buy the most expensive property on the Dallas real estate market and expect to make a good profit on rents.
Perhaps you are looking for a slightly different hold-over, a turnkey property in Dallas that you might move into or sell at retirement in the future! Either way, knowing your profit potential and purpose is the first thing to consider.
Let’s take a look at the number of positive things going on in the Dallas real estate market which can help investors who are keen to buy an investment property in this city. Here are our top ten reasons to invest in the Dallas real estate.
1. Best Place To Live
Why should you invest in Dallas real estate is a question that most of the real estate investors need an answer for. You should invest in Dallas real estate because Zillow.com ranked Dallas at number 12 in the list of the best places to live in the country in 2017.
2. Diverse Economy
You should think of investing in Dallas real estate because it has a very diverse economy so there is a niche’ for people of every income level. It is estimated that 340 people move to Dallas-Fort Worth every-day. Dallas has the lowest home ownership rate in the country, with renting more affordable than buying.
3. Huge Tenant Pool To Invest in Traditional or Airbnb Rentals
If you buy an investment property in Dallas, there are the statistics that there is no shortage of people looking for a place to live here, which means there is no dearth of prospective tenants for your Dallas investment property.
4. Low Annual Vacancy Rates
The annual vacancy rate of rental properties in Dallas is very low as compared to other cities which is another good reason of investing in Dallas real estate market.
5. Flourishing Tourism Sector
Tourism is on the rise in Dallas, Texas which promotes job growth to towns and neighborhoods within the area. Some of the common points of attraction are the AT&T Stadium, Reunion Tower, and Book Depository. Dallas is becoming a hub for start-ups and IT companies which has led to an increase in investing in Dallas real estate market.
6. Suitable Climate
Climate of Dallas is characteristic of a southern plains state, with many great areas to locate the investment property you are looking for.
7. Strong Job Market Drives People into Dallas
Dallas’s local economy is a mix of aerospace, computer chips, telecommunications, transport, energy, and healthcare sectors and the Finance and Business services. These sectors are all providers of good wages which allows for a strong market for Dallas investment properties.
8. Base of Many High Tech Companies
Additionally, since 2014, 15 major tech companies have moved to Dallas, Texas bringing advancement and job growth in industrial and professional areas. These factors contribute to the immense growth of Dallas real estate market, especially for investment properties.
9. Big Student Market For Owning Rental Properties
Texas has some of the best colleges in the country. And with the instrumental position held by the University of Texas, Dallas and Northwestern State University, all students and eventual graduates are going to be in the rental market at some point. The rental market increased by 8% in 2017, and the expectation is for a subsequent increase of another 4% for 2018. Now is the best time to buy a Dallas investment property before the housing market caps.
10. High Population Growth Propels Real Estate
Dallas’s population has grown at twice the national rate for years now and this pushes the prices of Dallas investment properties higher due to builders not being able to keep up.
Dallas’s housing prices have increased 29% over the last three years, even with these increases in home prices, they are still competitive for investment properties and you can expect further increases over the years.
If you want to buy an investment property in Dallas, don’t wait around, go ahead and do it.
Best Neighborhoods to Invest in Dallas Real Estate
If you are looking to buy real estate in Dallas, you should know the best places to invest in. The three most important factors when buying a real estate anywhere are location, location, and location. Location creates desirability. Desirability brings demand.
Demand would raise the price of your Dallas real estate and you should be able flip it for a lump sum profit. When looking to invest in Dallas real estate, you need to find places where the expected property appreciation forecast is positive.
The running costs for owning and managing an Dallas investment property should be low. The neighborhoods in Dallas must be safe to live in and should have a low crime rate.
The neighborhoods should be close to basic amenities, public services and shopping malls. There should be a natural and upcoming high demand for rental properties and a low supply of income properties.
Dallas is a minimally walkable city in Dallas County. There are 269 elementary schools, 111 middle schools, 100 high schools and 140 private & charter schools in Dallas. There are 111 neighborhoods in Dallas.
Some of the best neighborhoods in Dallas, Texas are Lake Highlands, Cedar Crest, Knox Henderson, Sunnyvale, Far North Dallas, White Rock, Valley Ranch, Casa Linda-Casa View, Oak Lawn, Lower Greenville, Las Colinas, Preston Hollow, North Dallas, Park Cities, Kessler Park, Uptown and University Park.
University Park has a median listing price of $1.6M, making it the most expensive neighborhood. Pleasant Grove is the most affordable neighborhood in Dallas, with a median listing price of $149,900.
Here are the best neighborhoods to invest in the Dallas real estate.
1. Cockrell Hill – Best Place To Invest In Dallas
Cockrell Hill is a city in Dallas County, Texas. Median Household income of $22,555, slightly lower than the national average. 48.4% lower education level on the increase.
Racially diverse so you can look to it if you need to invest in a property that appeals to people from all walks of life. Up and coming younger population. 50/50 split married, unmarried or with children.
Total households were $7,038 Tarrant County- has seen an increase in the building over the past few years and is expected to pull higher rental rates as increased growth of amenities is going strong.
Dallas Independent School District serves students in Cockrell Hill. All of the schools serving Cockrell Hill are in the City of Dallas.
| Median Home Value | $84,700 |
| National | $178,600 |
| Median Rent | $830 |
| National | $928 |
2. Frisco – Best Place To Invest In Dallas
Frisco is a city in Collin and Denton counties in Texas. It is part of the Dallas-Fort Worth metroplex, and is approximately 25 miles (40 km) from both Dallas Love Field and Dallas/Fort Worth International Airport.
A large number of people move to Frisco, TX for its unparalleled school district, Frisco ISD. Frisco is a wonderful suburban town on the outskirts of Dallas that has been dramatically growing over the past few years.
Although there seem to be many new constructions sites all over town, things have been settling down recently. Home prices have saturated, the mall/other buildings have been in function for several years now, and we have very low crime rate.
According to niche.com, it is ranked #2 in best neighborhoods to live in Dallas-Fort Worth area.
| Median Home Value | $277,600 |
| National | $178,600 |
| Median Rent | $1,310 |
| National | $928 |
3. Lochwood – Best Place To Invest In Dallas
Lochwood is a neighborhood in the east Dallas, TX area to the north and east of White Rock Lake and south of Lake Highlands.
According to niche.com, it is ranked #35 in best neighborhoods to live in Dallas-Fort Worth area. Employment consists of Walmart and fast food restaurants.
| Median Home Value | $237,100 |
| National | $178,600 |
| Median Rent | $954 |
| National | $928 |
4. Munger – Best Place To Invest In Dallas
The Munger Place Historic District is a neighborhood and historic district in Old East Dallas, Texas (USA), generally lying between North Fitzhugh Avenue on the southwest, Gaston Avenue on the northwest, Henderson Avenue on the northeast, and Columbia Avenue on the southeast.
Munger Place is one of the most beautiful parts of Dallas, It has a large collection of Prairie-like homes recognized by the US National Register of Historic Places. But, what interest you as an investor is that 77% of the Households are renters, that means massive return on investments due to low vacancy rates.
| Median Home Value | $527,141 |
| National | $178,600 |
| Median Rent | $1,071 |
| National | $928 |
5. Bryan Place – Best Place To Invest In Dallas
Bryan Place is a neighborhood in Old East Dallas, Texas (USA). It is east of the Arts District of downtown and the State Thomas neighborhood, north of Deep Ellum, south of Cityplace and west of Munger Place.
This part of the city is surrounded by skyscrapers, giving it a uniquely stylish look. This neighborhood actually has an Association that takes care of sanity and other issues related to the comfort of the safety of its residents.
The rental cost in Bryan Place is 90,3% higher than other parts of Texas and that means a lot of ROI if you own a house there.
| Median Home Value | $313,244 |
| National | $178,600 |
| Median Rent | $1,525 |
| National | $928 |
6. Allen – Best Place To Invest In Dallas
Allen is a city in Collin County, Texas, a northern suburb of Dallas. Allen has plenty of restaurants, shopping and great schools, including Lovejoy High School and Allen High School. The famous Allen Event Center brings sporting, events, concerts, and live performances.
| Median Home Value | $220,500 |
| National | $178,600 |
| Median Rent | $1,261 |
| National | $928 |
7. Campbell Green – Best Place To Invest In Dallas
Campbell Green is located in far north Dallas on Hillcrest and Campbell, just south of the George Bush Turnpike. According to Niche.com, it is ranked #1 in best neighborhoods to live in Dallas-Fort Worth area. The public educational facilities are quite good in Campbell.
| Median Home Value | $300,621 |
| National | $178,600 |
| Median Rent | $731 |
| National | $928 |
8. Coppell – Best Place To Invest In Dallas
Coppell is a city in the northwest corner of Dallas County in the U.S. state of Texas. It is a suburb of Dallas and a bedroom community in the Dallas–Fort Worth metroplex.
It is a very family friendly and safe city in the suburbs of Dallas, TX. The school district here is phenomenal and the environment is truly great. Coppell is a very environmentally friendly city.
According to niche.com it is #4 in best places to live in Dallas, Texas.
| Median Home Value | $300,300 |
| National | $178,600 |
| Median Rent | $1,198 |
| National | $928 |
9. North Dallas – Best Place To Invest In Dallas
North Dallas is an area of numerous communities and neighborhoods. The majority of North Dallas is located in Dallas County, while a small portion is located in Collin and Denton Counties.
If you are looking for something quiet and serene, this is the place to choose. It has beautiful homes with tree-lined streets. You should think of buying an investment property in North Dallas because your tenants would love to live here.
10. Far North – Best Place To Invest In Dallas
This region is far north than North Dallas. It has less amenities but is surely a good investment in terms of affordability. Preston Road is home to shopping malls, restaurants and outlet stores. It has a huge variety of outdoor activities and is a good place to settle down after retirement.
11. Farmers Market District – Best Place To Invest In Dallas
As the name suggests, the Farmers Market District lies in the area of the famous Dallas farmers market. The Farmers Market District is an area in southeastern downtown Dallas, Texas.
It is quite a safe and secure area. Most of the residential neighborhoods are condos and apartments and still, it is one of the best places for investment in terms of rent.
It has affordable rental and investment properties that give a good return on money. The district is zoned to schools in the Dallas Independent School District.
12. University Park – Best Place To Invest In Dallas
University Park is a city in Dallas County, Texas, United States, an inner northern suburb of Dallas. It comes in A+ neighborhood. This is predominantly a residential and family friendly area.
University Park is one of the most affluent places in Texas based on per capita income; it is ranked #12. It is known for its beautifully architectural homes and churches.
The neighborhood boasts some top ranking schools and provides a lot of outdoor activities. University Park is served by the Highland Park Independent School District.
Although it has a large population, it feels more like a community through the schools, parks, and small shopping centers. According to niche.com, it is ranked #6 in best neighborhoods to live in Dallas-Fort Worth area.
| Median Home Value | $1,047,200 |
| National | $178,600 |
| Median Rent | $1,886 |
| National | $928 |
13. Near East – Best Place To Invest In Dallas
If looking for something more affordable than University Park, then Near East is the place to invest in Dallas. Though this is a newly developed residential place, the chic bars and designer shopping areas cannot be overlooked.
14. Highland Park – Best Place To Invest In Dallas
Highland Park is a town in central Dallas County, Texas, United States. It is among the five wealthiest locations in Texas, and the most affluent suburb of Dallas.
The area is just three miles north from the center of Downtown Dallas. It is a thriving residential area surrounded by highland park and university park.
Highland Park has earned a reputation for having some of the most expensive home prices in this Dallas area. Public primary and secondary schools in Highland Park are operated by either the Highland Park Independent School District or the Dallas Independent School District.
| Median Home Value | $1,192,800 |
| National | $178,600 |
| Median Rent | $2,225 |
| National | $928 |
15. Oak Lawn – Best Place To Invest In Dallas
Oak lawn consists of a diverse neighborhood, mostly of Urban professionals. Oak Lawn is one of the wealthier areas of metropolitan Dallas.
It has beautiful and newly built high-rise condos, duplexes and town-houses. It is surrounded by beautiful parks and marvelous restaurants. It is also a very diverse neighborhood with well established areas of older, single family homes.
One of the best areas to invest in Dallas. The public schools in Oak Lawn are part of the Dallas Independent School District.
| Median Home Value | $320,297 |
| National | $178,600 |
| Median Rent | $1,288 |
| National | $928 |
16. Bluffview – Best Place To Invest In Dallas
Bluffview is an upscale neighborhood in north Dallas, Texas. The crime rate in Bluffview is very low. This is a highly desirable area to invest in Dallas which is most sought-after by families, especially for its serenity and tranquility.
It has a home for every taste; from the old-fashioned to the most modern. It sits ideally close to the downtown Dallas, yet away from all the noise and chaos. The neighborhood is served by the Dallas Independent School District.
| Median Home Value | $633,722 |
| National | $178,600 |
| Median Rent | $1,425 |
| National | $928 |
17. Lake Highlands – Best Place To Invest In Dallas
Lake Highlands is a neighborhood constituting most of Northeast Dallas. The neighborhood is a collection of dozens of subdivisions served by RISD public schools, as well as an array of private schools.
Lake Highlands is one of the greatest parts of Dallas, located near the center of it. Lake Highlands has a mixture of a low cost of living and above-average median income.
It is also a mixture of Medium and small-sized single-family homes, but there also high rise apartments and apartment complexes.
| Median Home Value | $338,257 |
| National | $178,600 |
| Median Rent | $1,033 |
| National | $928 |
18. Main Street District – Best Place To Invest In Dallas
The Main Street District of downtown Dallas, Texas runs along Main Street and is bounded by Lamar Street, Elm Street, the US 75/I-45 (I-345) elevated highway and Commerce Street.
The district is the spine of downtown Dallas, and connects many of the adjoining business and entertainment districts.
This is the area which gives the most amenities and safety. As such, the cost of investment properties here is bound to be higher. The area is one of the busiest and with very few moment of lull regardless of the time of day or night.
Dallas Real Estate Investment
Maybe you have done a bit of real estate investing in Dallas but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold.
A good cash flow from Dallas rental property means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt.
Therefore, finding a good Dallas real estate investment opportunity would be a key to your success. If you invest wisely in Dallas real estate, you could secure your future.
If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate. The less expensive the Dallas investment property is, the lower your ongoing expenses will be.
When looking for real estate investment opportunities in Dallas or anywhere in the country, the generally accepted standard is to purchase a property that will give you a modest but minimum 1% profit on your investment.
An example would be: at $120,000 mortgage or investment cost, $1200 per month rental. That would be the ideal equation example. Even with rent increases, buying a $500,000 investment property in Dallas is not going to get you $5000 per month on rent.
When looking for the best real estate investments in Dallas, you should focus on neighborhoods with relatively high population density and employment growth.
Both of them translate into high demand for housing. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable.
You must also collaborate and learn from savvy real estate investors who have retired early on in their lives by investing in some of the best real estate markets like Dallas, TX.
If you have decided to invest in Dallas, you can either buy a fixer-upper or you may want to buy a Dallas investment property. This market offers a wide range of turnkey investment properties; you just have to find your tenants to rent out the property.
Hiring a local property management company can help in finding tenants for your investment property in Dallas. If it is your first time to invest in Dallas real estate, then you would have to be aware of common beginner’s mistakes.
Beginners would usually follow the media, buy a property and wait for its value to increase. This could be risky. Real estate investing requires research. We recommend doing your own research or hiring a real estate investment specialist for guidance.
You should also join real estate investment clubs in Dallas, Texas and try to make connections with fellow investors. To be effective in the real estate industry, a concrete marketing design is vital. The real-estate market is constantly changing in their methods on how to look for that right property.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process.
They are well-informed about critical factors that affect your specific market area, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing and interest rates.
NORADA REAL ESTATE INVESTMENTS strives to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability.
The aim of this article was to educate investors who are keen to invest in Dallas real estate in 2019. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend to do your own research and take help of a real estate investment counselor.
Best Places in Texas to Invest in Real Estate
Apart from the Dallas real estate market, you can also invest in the housing market of Houston, TX. If you are a home buyer or real estate investor, Houston has a track record of being one of the best long term real estate investments in the U.S.
The Houston Real Estate Market forecast 2020 is good, and current housing prices are relatively low, so if you want to get on board the Houston real estate investing then now would be a great time to do so.
The Houston metro area offers great opportunities for investors who are looking for a stable market that offers both cash flow and equity growth at a price that is STILL well below their replacement value.
The median home value in Houston is $189,900. Houston home values have gone up 4.6% over the past year and Houston real estate market prediction is that they will rise by 2.9% within the next year.
The El Paso real estate market is another hot market to invest in. El Paso real estate market was ranked at 4th in Trulia’s hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates and high population of young household were pivotal in the ranking process.
The cost of living in El Paso is lower than the national average, while the cost of housing is well below that of other major metropolitan areas, including Houston and Austin.
The Central, Cielo Vista and Mesa Hills areas offer more affordable rental properties for sale, while neighborhoods in the northwestern and eastern parts of the metro area have some of the more expensive housing inventory.
The amount residents spend on everyday expenses, such as food and transportation, is slightly less than what the average American pays.
The next one is the San Antonio real estate market. The median home value in San Antonio is $167,600. San Antonio home values have gone up 8.0% over the past year and Zillow predicts they will rise 2.5% within the next year.
For those who want to invest in rental real estate, the San Antonio real estate market 2020 is an ideal location because of the outsized military presence. Fort Sam Houston is located inside the city limits.
Lackland Air Force Base, Randolph Air Force Base, Camp Bullis and Camp Stanley are located in the immediate vicinity. This means that there is a large population that will almost always rent because they don’t know where they’ll be sent on their next assignment.
San Antonio has a dearth of affordable housing because demand is so much greater than the supply. This has created a large number of renters who need to pay quite a bit to rent apartments or single family homes.
We know there is a lack of housing relative to demand when a balanced market has a 6 month home inventory and San Antonio has only a two month inventory.
The Austin housing market is one hot place to invest in Texas. It isn’t the largest in the state of Texas, but there are a number of reasons to consider buying real estate in this city.
The Austin real estate market has gained a lot of steam, with home values almost doubling since 2010. The Austin real estate market isn’t as big as Dallas, San Antonio or Houston.
One of the long-term strengths of the Austin is its diverse economy. The Austin real estate market dipped after the layoffs of the Dot-Com boom.
They decided to solve the problem by encouraging medical and biotech employers to relocate to the area, too. As of this writing, there are 85 biotech and pharmaceutical companies in Austin.
*Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
References:
About Dallas https://en.wikipedia.org
Best Dallas Neigborhoods For Buyers https://www.movoto.com/guide/dallas-tx/best-dallas-neighborhoods-for-home-buyers https://www.niche.com/places-to-live/c/dallas-county-tx
Dallas Investment Opportunities https://www.mashvisor.com/blog/dallas-investment-properties https://rentberry.com/blog/dallas-investment-opportunities
Updated Market Prices, Trends & Forecasts
https://www.zillow.com/dallas-tx/home-values
http://www.metrodepth.com/dallas-forecast-return-to-normalcy
https://www.redfin.com/city/30794/TX/Dallas/housing-market
https://www.movoto.com/dallas-tx/market-trends
https://www.realtor.com/realestateandhomes-search/Dallas_TX/overview
https://www.dallasnews.com/business/real-estate/2018/12/04/new-report-warns-dallas-home-price-bubble
https://www.realwealthnetwork.com/markets/dallas-texas http://www.homebuyinginstitute.com/news/dallas-forecast-one-of-the-hottest
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