Investing in Dallas real estate is always considered a good decision by seasoned rental property investors. Cities like Dallas have seen residential exodus characteristics with both domestic and international immigration. The Big D’s home prices have been skyrocketing with homeowners and renters improving their desirability to the Dallas' urban neighborhoods full of Millennials. You should invest in Dallas investment properties because of its favorable business climate and Texas’ low taxes are pulling in innovative companies that strengthen the city's economic diversity.
New York may have been the city that never sleeps with several cultural attractions, fashion icons, and trendsetting architectural designs but it’s been falling behind recently. Now Dallas has taken over as the hot destination for savvy and new real estate investors. Since 2010, about 100 firms have moved into DFW from other states, including Toyota North America from California and Topgolf from Illinois.
Why Should You Invest In Dallas Real Estate?
Top Reasons to Invest in The Dallas Real Estate Market
1. The Dallas Housing Market Forecast 2022
According to Dallas News, sales trajectories indicate that the prices will continue to rise. However, this won’t be the same as last year. On the other hand, land value is always appreciated making real estate one of the wisest investment choices in the Dallas Housing Market. The typical home value of homes in Dallas-Fort Worth-Arlington Metro is $370,501. This value is seasonally adjusted and only includes the middle price tier of homes. Dallas-Fort Worth-Arlington Metro home values have gone up 29.3% over the past year and they will continue to rise in double-digits over the next twelve months.
The appreciation forecast for Dallas County is stronger than the metro area. The pandemic has led to double-digit price appreciation in 2021. According to Mmymetrotex.com, the median price has reached a record of $359,900, up 19% year-over-year. The months of inventory is 0.8 months — which shows it is a strong seller's market.
2. Booming Economy of Dallas
With the influx of new investors, the city has seen a much more diversified economic reach, making it the number one reason to invest in the Dallas Real Estate Market. Located in Texas and traditionally known for the oil business, the modern Metropolis has seen its economy grow stronger than before. This can be attributed to sectors like education, technology, and communications that have made it impossible for investors with steady incomes to purchase residential properties.
Renters now have access to a range of properties. From cheap apartments to luxurious condors, homeowners have readily available markets in the real estate business. Innovation is global, so being connected to the rest of the world is more important than ever. Dallas-Fort Worth International Airport’s 210 nonstop destinations include 56 foreign cities.
The growing city of Dallas has been ranked the 2nd in job growth with over 500,000 jobs created in the recent past. More jobs equal remarkable investment decisions to choose from after obtaining that paycheque. Among them is the Dallas housing market which has been on a rising trend. The big Dallas has even bested known metropolis cities like New York and Washington to offer more job opportunities – a clear indicator that you should consider investing in Dallas real estate.
The Dallas-Fort Worth metroplex is now home to 24 Fortune 500 company headquarters, trailing only New York and Chicago; 40 years ago, the region had fewer than five. DFW’s economy has grown markedly faster than those of its three largest rivals (New York, Los Angeles, and Chicago), and it has come through the COVID-19 pandemic with less employment loss than any other metro among the nation’s 12 largest.
DFW's location and cost advantages have become powerful business magnets. Texas Instruments, American Airlines, Southwest Airlines, Kimberly-Clark, and DR Horton are already headquartered in the city. DFW has also established itself as the third-largest financial centre in the United States. The dispersed financial institutions in the area may not resemble those associated with Manhattan-style density, but they are expanding.
3. Population Growth
Often going hand in hand with job growth, population growth increases buyer demand, leading property values in desirable neighborhoods to rise. Dallas has registered a significant population growth. New data from commercial real estate services company Cushman & Wakefield shows DFW gained 1,349,378 residents from 2010 through 2019.
DFW's population has increased nearly three times faster than the national average for the country's 50 largest metros. Net domestic migration has contributed significantly to this growth: DFW has the fourth-highest rate of net inbound migration (including millennials) among America's top 20 metros, and the area has seen a massive increase in its foreign-born population. Demographers predict that DFW will surpass Chicago to become America's third-largest metro area sometime in the 2030s.
In terms of the number of new residents tallied during the past decade, DFW ranked first among U.S. metro areas, the data indicates. For DFW, the 2020-29 forecast would represent a population growth rate of 17.9 percent, down from 20.9 percent for 2010 through 2019, Cushman & Wakefield says.
It is expected to add 1,393,623 more residents. For the second decade in a row, that would be the highest number of new residents for any metro area, the company says. Dallas which had its roots in the small-scale farming sector was boosted by the oiling business to become an urban cultural and business center.
The fast-uneven growth in the metro area as seen in Denton and Collin counties with new families has seen the construction of new homes and new apartments. Rent growth is expected to moderate to around 4 percent over the next three years, but ongoing increases likely will compel renters to begin considering other options. This is the second reason to invest in Dallas real estate market.
4. Growth of Short-Term Rentals
If you're interested in investing in short-term rentals, you should know that Dallas was ranked among the best places for Airbnb investors in 2019. Travelers are increasingly springing for cozy vacation rentals rather than traditional hotels, and business is booming in Dallas. Although the tourism industry has experienced sharply falling revenues and is an economic sector among those most severely affected by the pandemic home rentals have outperformed hotels in 27 global markets since the onset of Covid-19.
Airbnb is still the biggest player in the short-term rental market in the world with listings in more than 220 countries and regions. It has more than 12.7 million listings as of November 2022, down from 14.1 million listings in 2020. (Statista). The country with the most Airbnb listings is the United States of America, which had an average of 2,249,434 listings in 2021. The total number of Airbnb users in the United States is forecast to reach 45.6 million by 2022 based on the Statista's report.
According to another report, Dallas ranks among the top 20 cities for Airbnb based on occupancy data. The platform has registered remarkable growth in the Dallas area – an indication that most people require fast accommodation services.
Here is an analysis of Short-Term (Airbnb) Rentals for the trailing twelve months (July 1st, 2021 to June 30th, 2022).
- The Average Daily Rate for rentals in Dallas, Texas is $120 dollars.
- Throughout the year, the rate only fluctuates by $19 from the mean with the highest Average Daily Rate in June 2022 ($139) and the lowest in August 2021 ($110).
- Occupancy Rates in Dallas, TX are high in the summer, despite Dallas’ hot summer weather. The average occupancy rate was 58% for the period from July 2021 through June 2022.
- The lowest occupancy rate was in November 2021 at 8% and the highest was in May 2022 at 70%.
- The average occupancy rate is the highest for 2 and 1-bedroom homes, 60% and 59% respectively.
- Chalet’s research shows that studios have the highest percentage of homes in the high-yield territory (30%) and could be and therefore could be a good strategy for this market.
The vacation rental giant is on track to be a $200 million-a-year force in Texas, with Dallas among the cities leading the charge. This could be a green flag to invest in the Dallas short-term rental market.
How does Airbnb operate? Air bed and breakfast is an online-based market for renting properties to guests. Foreigners have been able to receive accommodations through the platform which takes a 3% commission on the bookings. The rest goes to the homeowner. Airbnb stays often cost less than hotel stays. The average nightly price for a reservation is $80. Naturally, prices depend on the type of hotel or Airbnb accommodation that you seek.
5. Low Cost of Living In Dallas
A strong economy is reflected by its low cost of living and high salaries. A diverse economy and low cost of living drive people to a city to find better economic opportunities. Financial stability among the Dallas residents could mean increased borrowing rates at a financial institution with better chances of loan repayments. Higher mortgages have been registered in Dallas since most residents qualify for them due to their next-to-perfect credit scores. Moreover, the low living costs in Dallas make it possible to save up and buy a property with cash. Families are attracted by the area’s relatively low cost of living (including taxes) and job opportunities.
6. High Rent-to-Home Price Ratio
When making the decision to rent or buy a home, it's not enough to look at home prices and mortgage rates. You also need to look at rental rates for comparable properties to understand if it makes more economic sense to buy or rent on a long-term basis. The price-to-rent ratio measures the relative affordability of renting and buying in a given housing market.
As a general rule, a lower price-to-rent ratio indicates that a place is more favorable to homebuyers. A higher ratio indicates a better environment for renters. The markets with ratios above 10 are very favorable to renters whereas the markets with ratios below 10 are favorable to homebuyers.
The price-to-rent ratio in Dallas is around 16.01. Therefore, Dallas is more favorable to renters. This also accounts for the fact Dallas is among those US cities where renting is more reasonable than buying. In fact, Dallas has traditionally had one of the lowest homeownership rates among major U.S. metros. According to US Census Bureau, the owner-occupied housing unit rate in Dallas from 2015-2019 has been 40.9%.
Applying this ratio, you can also calculate a projected average home price for a house or apartment that rents for $1,000. For Dallas, it comes out to be $192,137. However, represents the entire market. Actual home values will vary based on other factors such as proximity to commercial centers, access to transit, and home size. Rentals tend to be smaller (and therefore less expensive) than for-sale properties, so these values may overestimate true market prices.
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 they preferred starting with rental properties before buying their own homes. The demand for rental units has increased over the last year, so it’s the perfect opportunity to invest in Dallas real estate.
Hence, as a rental property investor, you get a huge percentage of renters in Dallas— around 60% — which shows that investing in the Dallas housing market could be a major investment success in the years to come.
7. Dallas Has Low Crime Risks Neighborhoods
With the low costs of living in Dallas, it would be ambiguous for the city to register high crime levels. However, there are minor cases of petty theft, aggravated assaults, and cases of vandalism in Dallas. A good investment should be just about risk-free. Safer neighborhoods attract more single-family residents which can be good for the real estate market. Some of the best places to buy a rental property in Dallas where crime rates are very low are Cockrell Hill, Frisco, Lochwood, Munger, Bryan Place, Allen, Campbell Green, Coppell, North Dallas, Farmers Market District, and University Park.
8. Technology and Innovation in Dallas
According to a recent census, the population of Dallas mainly comprises Latinos and immigrants. A greater proportion of this population consists of college graduates seeking to establish themselves in the competitive world. Moreover, a low number of people retiring means that the small single families are subject to grow larger with time. This in turn is a good sign for the growth of single-family rental homes in the Dallas housing market.
The youth may provide creative new ideas for the real estate businesses and other start-ups. Dallas has already established itself as a startup hub and is considered one of the most high-tech cities in the world. Dallas boasts of rapid growth in the number of venture capitalists and integration of technology into the city landscape.
9. Invest In Dallas | Get Government Incentives
The State of Texas has worked hard to develop and sustain a business-friendly operating environment. State and local governments provide tax incentives, financing assistance, and an array of services to help companies establish or expand in Texas. The economic development plan of the City of Dallas, Strategic Engagement, was approved by Dallas City Council in 2005, updated in 2013, and continues to be relevant today.
ACHIEVING THE VISION. Strategically engaged in economic development, where government works with the business community to overcome obstacles to growth and markets itself locally, nationally, and globally. This makes for one more strong reason to invest in Dallas, Texas.
Where To Invest in The Dallas Real Estate Market?
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 real estate anywhere are location, location, and location. The location creates desirability. Desirability brings demand. Here are some of the popular neighborhoods in or around the Dallas metro area where you can invest in real estate.
Before you even make an offer, you should drive around these neighborhoods and surrounding areas to assess the other homes and people who live there. Check with the local police department to see if the home is located in a low-crime area. Talk with other residents, and ask them if property values are rising or falling.
1. Cockrell Hill, Dallas, TX
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 serve the Cockrell Hill area in the City of Dallas.
The typical home value of homes in Cockrell Hill is $227,769. This value is seasonally adjusted and only includes the middle price tier of homes. Cockrell Hill home values have gone up 19.3% over the past year and they will continue to rise in the next year.
2. Frisco, Dallas, TX
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 construction 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 a very low crime rate. According to niche.com, it is ranked #2 in the best neighborhoods to live in Dallas-Fort Worth area.
The typical home value of homes in Frisco is $661,460. This value is seasonally adjusted and only includes the middle price tier of homes. Frisco home values have gone up by a whopping 39.9% over the past year and they will continue to rise in the next year.
3. Lochwood, Dallas, TX
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 the best neighborhoods to live in Dallas-Fort Worth area. Employment consists of Walmart and fast-food restaurants. According to Realtor.com, the median listing home price in Lochwood was $474.9K in March 2022, trending up 8.6% year-over-year.
The median listing home price per square foot was $242. It is a seller's market, which means that there are more people looking to buy than there are homes available. On average, homes in Lochwood sell after 29 days on the market. The trend for median days on market in Lochwood has gone down since last month, and slightly down since last year.
4. Munger, Dallas, TX
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, which means a massive return on investments due to low vacancy rates. The median listing home price in Munger Place Historic District was $683.8K in March 2022, trending down -2.3% year-over-year. The median listing home price per square foot was $234. According to Realtor.com, it is a balanced market in March 2022, which means that the supply and demand of homes are about the same.
5. Bryan Place, Dallas, TX
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 in other parts of Texas and that means a lot of ROI if you own a house there. According to Realtor.com, the median list price of homes in Bryan Place was $430K in March 2022, trending up 59.3% year-over-year. The median listing price per square foot was $248. This shows that this neighborhood is a hot seller's market, which means that there are more people looking to buy than there are homes available. The total sales to total listings ratio is above 0.2, which tends to favor sellers.
6. Allen, Dallas, TX
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. On Realtor.com, the median list price of homes in Allen, TX was $460K in March 2022, trending up 16.5% year-over-year. The median listing price per square foot was $161. On average, homes in Allen, TX sell after 33 days on the market. The trend for median days on market in Allen, TX has gone down since last month, and slightly down since last year.
7. Campbell Green, Dallas, TX
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 the best neighborhoods to live in Dallas-Fort Worth area. The public educational facilities are quite good in Campbell. On Realtor.com, the median list price of homes in Campbell Green was $574.9K in March 2022, trending down -11.5% year-over-year.
The median listing price per square foot was $213. This means you can probably buy a home for less than the list price, and the seller might be willing to pay some or all of your closing costs. In other words, Campbell Green is a buyer's market, which means that the supply of homes is greater than the demand for homes.
8. Coppell, Dallas, TX
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 the best places to live in Dallas, Texas. On Realtor.com, the median list price of homes in Coppell, TX was $550K in March 2022, trending up 14.8% year-over-year. The median listing price per square foot was $179. Coppell, TX hosts 26 public schools rated good and higher by GreatSchools.
9. North Dallas, Dallas, TX
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.
On Realtor.com, the median list price of homes in North Dallas was $1.3M in March 2022, trending up 84.4% year-over-year. The median listing price per square foot was $287. On average, homes in North Dallas sell after 42 days on the market. The trend for median days on market in North Dallas has gone up since last month, and slightly down since last year.
There are 33 zip codes in or around North Dallas. Forest Court has a median listing home price of $2M, making it the most expensive zip code. 75243 is the most affordable zip code, with a median listing home price of $394K. There are 100 active apartments for rent on Realtor.com in North Dallas, which spend an average of 42 days on the market. The median rent is $3,500.
10. Far North Dallas, Dallas, TX
This region is far north of North Dallas. It has fewer 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. It is a seller's market, which means that there are more people looking to buy than there are homes available.
On Realtor.com, the median list price of homes in Far North Dallas was $533K in March 2022, trending up 26.9% year-over-year. The median listing price per square foot was $197. It is a popular neighborhood and the inventory is low as compared to previous months/years. There are more buyers looking for properties and they would quite possibly pay for more than sellers ask for it.
11. Farmers Market District, Dallas, TX
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. The typical value of homes in the Farmers Market District is $648,737. This value is seasonally adjusted and only includes the middle price tier of homes. Farmers Market District home values have gone up 17.6% over the past year and they will continue to rise over the next year. Home values have appreciated by 94.8% over the last decade (ZHVI).
12. University Park, Dallas, TX
University Park is a city in Dallas County, Texas, United States, an inner northern suburb of Dallas. It comes in an 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 beautiful 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 the best neighborhoods to live in Dallas-Fort Worth area.
On Realtor.com, the median list price of homes in University Park, TX was $1.7M in March 2022, flat year-over-year. The median listing price per square foot was $406. It is a seller's market, which means that there are more people looking to buy than there are homes available. On average, homes in University Park, TX sell after 35 days on the market. The trend for median days on market in University Park, TX has gone down since last month, and slightly down since last year.
13. Near East, Dallas, TX
If looking for something more affordable than University Park, the 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. The typical home value is $700,307. Near East's home values have gone up 17.0% over the past year and 64.4% over the last decade.
14. Highland Park, Dallas, TX
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 of the center of Downtown Dallas. It is a thriving residential area surrounded by the 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.
It is a seller's market, which means that there are more people looking to buy than there are homes available. The median list price of homes in Highland Park, TX was $3.3M in March 2022, trending up 30.5% year-over-year. The median listing price per square foot was $590. On average, homes in Highland Park, TX sell after 36 days on the market. The trend for median days on market in Highland Park, TX has gone down since last month, and slightly down since last year.
15. Oak Lawn, Dallas, TX
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 townhouses. 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 and one of the best areas to invest in Dallas. The public schools in Oak Lawn are part of the Dallas Independent School District.
Oak Lawn is a seller's market, which means that there are more people looking to buy than there are homes available. On Realtor.com, the median listing home price in Oak Lawn was $599K in March 2022, trending up 16.3% year-over-year. The median listing home price per square foot was $273. On average, homes in Oak Lawn sell after 42 days on the market.
The trend for median days on market in Oak Lawn has gone down since last month, and slightly down since last year. There are 18 cities in or around Oak Lawn. Highland Park has a median listing home price of $3.3M, making it the most expensive city. Old East Dallas is the most affordable city, with a median listing home price of $450K.
16. Bluffview, Dallas, TX
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 downtown Dallas, yet away from all the noise and chaos.
The neighborhood is served by the Dallas Independent School District. Bluffview is a seller's market, which means that the supply of homes is less than the demand for homes. The median list price of homes in Bluffview was $1.9M in March 2022, trending up 30.9% year-over-year. The median listing price per square foot was $400.
On average, homes in Bluffview sell after 35 days on the market. The trend for median days on market in Bluffview has gone down since last month, and slightly down since last year. There are 22 cities in or around Bluffview. Highland Park has a median listing home price of $3.3M, making it the most expensive city. Lovefield West is the most affordable city, with a median listing home price of $379.4K.
17. Lake Highlands, Dallas, TX
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 they're also high-rise apartments and apartment complexes.
Lake Highlands is a seller's market, which means that there are more people looking to buy than there are homes available. The median list price of homes in Lake Highlands was $479.9K in March 2022, trending up 20.6% year-over-year. The median listing price per square foot was $207. On average, homes in Lake Highlands sell after 29 days on the market. The trend for median days on market in Lake Highlands has gone down since last month, and slightly down since last year.
18. Main Street District, Dallas, TX
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 that 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 moments of lull regardless of the time of day or night. On Realtor.com, the median list price of homes in Main Street District was $330K in March 2022, trending up 33.6 year-over-year. The median listing price per square foot was $274.
On average, homes in Main Street District sell after 70 days on the market. The trend for median days on market in Main Street District has gone up since last month, and slightly down since last year. There are 11 zip codes in or around Main Street District. Dallas Arts District has a median listing home price of $2M, making it the most expensive zip code. 75226 is the most affordable zip code, with a median listing home price of $280K.
Are You Buying Your First Investment Property in Dallas?
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Remember, caveat emptor still applies when buying a property anywhere. This article aimed to educate investors who are keen to invest in Dallas real estate in 2020. Purchasing an investment property requires a lot of study, planning, and budgeting. Not all deals are solid investments. We always recommend doing your own research and taking the help of a real estate investment counselor. 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, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.