Dallas Trends & Statistics 2018-2019

In this section, you’ll learn about the top factors that make Dallas one of the strongest real estate markets today, including: affordability, job growth, and population growth. Explore Dallas’ housing market, population, and employment trends in the following tabs to learn more.

Awọn orisun alaye:

• https://www.zillow.com/dallas-fort-worth-arlington-metro-tx_r394514/home-values/
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/texas/dallas/
• Real Oro Network Affiliate Data

Dallas home values are more affordable than the national average today.

• In January 2018 the median purchase price of 3 bedroom single family homes in the Dallas metro area was $191,000. This is 6% lower than the national average of $202,000.
• In the neighborhoods where RWN members invest the median price of 3 bedroom homes was $174,000 in January 2018. This is 14% lower than the national average of $202,000.
• This shows us that home values in Dallas are slightly more affordable than the average home nationwide.

It’s possible to generate passive monthly income from Dallas investment properties.

• In January 2018 the median monthly rent for 3 bedroom homes in Dallas was $1,525, which is 0.80% of the purchase price of $191,000. This is higher than the national average of 0.71%.
• Ni awọn agbegbe nibiti awọn ọmọ ẹgbẹ RWN ṣe idoko-owo agbedemeji oṣooṣu ti awọn ile iyẹwu 3 jẹ $1,475, eyiti o jẹ 0.85% ti idiyele rira $174,000.
• This shows us that Dallas offers a strong opportunity for investors to make significant rental income every month.

Dallas home values have been on the rise in the last six years.

• Over the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Dallas have appreciated by 45%. During the same period, 3 bedroom home values appreciated by 41% nationwide.
• This shows us that home values are rising more quickly than the most other cities across the nation. As long as job growth and the affordable cost of living continue to attract people to move here (which seems likely – see next section, “Population Trends”), this trend will likely continue.

Dallas rental prices are also rising more quickly than other U.S. real estate markets today.

• In the last 6 years, the median rent for 3 bedroom homes in the Dallas metro area increased by 26%. Nationally, rents only increased by 17% during this period.
• This shows us that rental prices are also rising more quickly than most other U.S. cities today. This trend is also likely to continue as long as people and corporations continue moving to the Dallas metro.

People are moving to Dallas at a much faster rate than most other cities across the nation today.

• Between 2010 and 2017, Dallas’s population increased by over 15%, which is 186% faster than the national population growth during the same period.
• This shows us that people are moving to Dallas at a higher rate than most other cities across the nation today.

Dallas has created more jobs over the last year than most other U.S. metros.

• In the last year Dallas added 116,000 new jobs to their economy – an annual growth rate of 3.23%. This is significantly higher than the national job growth rate of 1.7% during the same period.
• This shows us that there are more jobs being created in the Dallas area than most other U.S. cities today.

Dallas is Still Affordable & Cash Flowing

• In the neighborhoods where RWN members invest the median price of 3 bedroom homes was $174,000 in January 2018. This is 14% lower than the national average of $202,000.
• This shows us that home values in Dallas are slightly more affordable than the average home nationwide.

Dallas Population is Growing Rapidly

• Between 2010 and 2017, Dallas’s population increased by over 15%, which is 186% faster than the national population growth during the same period.
• This shows us that people are moving to Dallas at a higher rate than most other cities across the nation today.

Dallas Has Significant Job Growth

• In the last year Dallas added 116,000 new jobs to their economy – an annual growth rate of 3.23%. This is significantly higher than the national job growth rate of 1.7% during the same period.
• This shows us that there are more jobs being created in the Dallas area than most other U.S. cities today.

Dallas Real Estate Prices & Rents are Rising Fast

• Over the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Dallas have appreciated by 45% (versus 41% nationwide) and the median rent for 3 bedroom homes increased by 26% (versus 17% nationally).
• This shows us that home values and monthly rents are rising more quickly than most other cities across the nation. These trends are likely to continue as long as new jobs and affordability continue to attract people to move her – both of which seem likely.