On a list of any prospective landlord’s or flipper’s must-haves when looking for an area in which to invest is high demand and continued, predictable growth. Those features make Dallas, Texas, a gold mine.
North Dallas: A Force of Nature
Dallas’s expansion has been so dramatic that it is now spilling into neighboring states, and it doesn’t appear to be slowing down anytime soon, according to The Wall Street Journal.
North Dallas, in particular, has been like a force of nature, pulling in residents and companies from other states and countries and assimilating them into the new Texas economy.
To keep pace with the growth, new housing developments are sprouting like toadstools after rainstorms. According to an analysis by commercial real estate services company CBRE, Dallas ranked first for corporate relocations from 2018 to 2024, attracting notable companies such as Toyota, Amazon, and Charles Schwab, among others.
Tech Is Fueling a Housing Surge
Fueling the surge is the tech industry, with Texas Instruments recently announcing it would invest as much as $40 billion to construct a massive semiconductor campus, just 12 miles from the Oklahoma state line, marking North Dallas’ relentless expansion north.
The Journal pinpoints Frisco as the center of the North Dallas growth spurt. In 1990, the population was approximately 6,000. Today, that number is over 240,000 and on its way to 350,000 in the next five years, according to city planners. And there are other Friscos in the area, such as Prosper and Celina, with rapidly expanding infrastructure (schools, roads, and stores) to accommodate the growth.
All this means that…