Dallas’ strong and robust economy has in turn considerably strengthened the real estate sector. As industries such as oil, communications, technology, and education continue to grow and lead the overall economy, more jobs are created, and thus more demand for real estate is generated as well. Moreover, many corporations from other major cities such as San Francisco and Los Angeles are relocating and choosing Dallas as their destination.
Texas’ business-friendly environment, one characterized by lower cost of doing business, lower taxes, and fewer business regulations, has contributed to the attractiveness of the city for businesses. With the job market increasing, demand for commercial real estate is increasing and consequently that for housing. Professionals who are moving to Dallas will certainly be looking for housing as well. Therefore, construction efforts have been made to further ease the demand while increasing the number of Dallas investment properties. In fact, many real estate investors are relocating to Dallas for the abundance of opportunities the market has yet to offer.
The growing population of Dallas is another reason why Dallas real estate continues to be one of the strongest. Between 2010 and 2016, Dallas’ population increased by almost 12.6%; Dallas’ population growth rate is three times higher than the national average. This is indicative that people are moving to Dallas at a higher rate than in most other cities across the nation today. Many professionals, millennials, and families are moving to Dallas for the abundant job opportunities, excellent amenities, and activities that the city provides. Real estate investors, moreover, continue to find investment opportunities in Dallas with high cash on cash return. Whether you are a millennial looking for a job in Dallas or a real estate investor, investing in properties in Dallas real estate marks a viable option.
Below, we go on to explore top neighborhoods in Dallas. If you are interested in Dallas investment properties, then explore below the list of neighborhoods for the best real estate investments today. If you are a real estate investor looking to invest in Dallas, we recommend that you do further research. Mashvisor offers a plethora of knowledge that can further assist you with your research.
Dallas Investment Properties in Farmers Market District
- Median Home Value: $400,000
- Median Rent: $1,200/month
Located in southeastern Downtown Dallas, Farmers Market District is an ideal location to raise your family in. A recent report concluded that Farmers Market District is potentially a primary location for families inside the Loop in Downtown Dallas. Not only does the area have prolific amenities, but it certainly enjoys an excellent schooling system and various outdoor activities. Most people in the neighborhood rent their home, with 84% of households being occupied by renters. Real estate investors, therefore, could benefit from renting out an investment property here.
Dallas Investment Properties in Oak Lawn
- Median Home Value: $320,000
- Median Rent: $1,300/month
Congruent to Highland Park, North Central Expressway, and Stemmons Freeway, Oak Lawn is one of the wealthier neighborhoods in the Dallas metro area. Known for Cedar Spring Road, this upscale neighborhood is, moreover, home to various bars, clubs, and venues for karaoke, drag shows, and western dancing. If you yearn for a lively and vibrant nightlife, then Oak Lawn is the right match for you. Beware of home values as they are relatively more expensive than those in neighboring areas. In fact, the high home values have urged the majority of the population, about 63%, to rent their property. Once again, that’s an excellent location for investing in traditional rentals.
Dallas Investment Properties in Lake Highlands
- Median Home Value: $280,000
- Median Rent: $1,000/month
Lake Highlands constitutes most of Northeast Dallas and extends to almost 38 km2. The neighborhood is one of the top areas to raise a family in, given the excellent quality of living and abundance of schools. Overall, housing in Lake Highlands is affordable with median home values ranging around $280,000. The neighborhood, moreover, has access to big city amenities. The neighborhood overall enjoys a low cost of living in relation to the quality of living that one attains, which has advanced it into one of the most desirable locations for Dallas investment properties. If you aim to enlist your children at reputable private schools while enjoying a good quality of living, we further advise that you consider Lake Highlands. Not to neglect the affordability factor that has yet attracted many investors to invest in Lake Highlands.
Dallas Investment Properties in University Park
- Median Home Value: $1,000,000
- Median Rent: $1,900/month
University Park, whose name comes from its main feature, the Southern Methodist University, is an affluent neighborhood in Dallas County. Although University Park has a large population, its schools, parks, and shopping centers make it feel more like a community. As opposed to Downtown Dallas, University Park is anything but traffic congestion and business centers. The neighborhood is quiet and houses many beautiful architectural old homes with about 77% of population owning their homes. University Park also enjoys excellent schooling systems. According to Niche, University Park in 2017 ranked 3rd best city with the best public schools in Texas. Thus, if you want to invest in rental properties for families, this is an excellent choice.
Dallas Investment Properties in Coppell
- Median Home Value: $300,000
- Median Rent: $1,100/month
What originally was Gibbs Station was renamed in 1892 after George Coppell. George Coppell, a wealthy financier from England, came to the United States in the 1880s, and it’s been claimed that he was involved in the final construction of the local railroad line. Coppell today is a safe and family friendly neighborhood in the suburbs of Dallas. Many families continue to choose Coppell over other areas, given the excellent schooling system the neighborhood encompasses. Moreover, in 2017, Coppell ranked the second best neighborhood in Dallas to raise a family in.
Dallas investment properties are expansive and permeate throughout the entire city and its surroundings. Whether you are looking for an ideal location for tenants who aspire to raise a family in, or one to grow their career, Dallas and its neighborhoods make this investment opportunity possible. We advise that you further assess Dallas investment properties in more detail to conclude on the viability of your purchase.