Between 2022 and 2023, over 150,000 people moved to Dallas-Fort Worth, TX, and the surrounding area, which shows that it's a popular city to invest in.
Knowing with the up-and-coming neighborhoods in Dallas-Forth Worth is key to growing your portfolio and income. But if you're unfamiliar with the area, you likely won't know where to focus your attention.
If this sounds like your situation, you've come to the right place. Here's everything you need to know about real estate investing in Dallas-Fort Worth, TX.
Frisco
An excellent area for real estate investment is Frisco, especially if you have the budget. This is because the median price is $740,000.
Since 2020, the population has grown by a staggering 14.6%, which shows there's a huge demand for residential properties. As it's growing, investors can see their property value appreciate, making it lucrative over time.
Denton
If you want a single-family home for an investment property, Denton is for you. Note that the median price is $405,000.
Famous for being in one of the best school districts, this up-and-coming neighborhood is growing rapidly, which is shown through the new developments popping up. It also has a buzzing music and nightlife scene, appealing to young professionals too.
Celina
Every investor will come across Celina in their real estate research alongside the median price, which is $650,000. Located north of Frisco, this neighborhood has seen major developments in previous years. Residents love that this city has a small-town feel, drawing both young professionals and families.
East Fort Worth
East Fort Worth is a large neighborhood with a variety of property styles, from apartment complexes to single-family homes. Residents are attracted to the area's parks which have hiking trails and picnic areas, which are popular with families. It is also home to a historic district where investors can find preserved properties to invest in.
It's important to note that the median sale price is $275,000.
Cultural District
Successful real estate investing is where you invest in buzzing areas, which is where the Cultural District comes in. As the name suggests, this neighborhood is packed with museums and galleries, creating a charming atmosphere for residents. About housing, investors can choose between historic homes and modern condos, depending on their dream tenant and budget as the median price is $292,000.
If you're interested, contact a local property management company and they will point you in the right direction.
Ridglea Hills
Sat in southwest Fort Worth, Ridglea Hills is renowned for its sweeping views and suburban vibe. It's attractive because of the variety of green spaces and Ridglea Country Club, boasting golf clubs and tennis courts. Note that the median price is around $400,000 where single-family homes and townhouses are most popular.
Real Estate Investing in Dallas-Fort Worth 101
Now that you know everything about real estate investing in Dallas-Fort Worth, it's time to decide on a neighborhood.
Whether you want to appeal to families in Denton or the thriving Cultural District, you need a team who can help you.
At PMI DFW Properties, we have years of experience in the area helping investors find the right investment rental for their needs. If you're interested in our services, we'd love to chat.
Contact us here to chat with a member of our team.
