Dallas is a thriving city in Texas, and serves as an attractive destination for both professional and personal purposes. Developing originally in the 19th century, Dallas came into its own after the railroad system made it accessible to thousands of people. Today, it’s home to 25 billionaires, and continues to attract more entrepreneurs, aspiring business owners, and young professionals on a daily basis.
If you’re interested in seeking new economic opportunities, whether that’s starting a new business, giving your business a new location, or finding work in a new career path, you should consider buying a house in Dallas.
Reasons to Buy a House in Dallas
These are just some of the reasons you should buy a house in Dallas:
- The population. Dallas is the fourth most populous metropolitan area in the United States, with a central population that makes it the ninth biggest city in the country. Even if you personally prefer rural areas, there’s no denying the power of urban areas with significant populations; more people means you’ll have a wider pool of prospective talent to employ, a larger number of potential clients and customers, and more visibility for your business. If you don’t like the idea of living directly within city limits, Dallas has multiple sprawling suburbs to choose from.
- The housing profitability. According to this infographic from the DeBerry real estate team, Dallas is an incredibly profitable city to buy housing in; the average home price in Dallas is $295,872, compared to the national average of $331,296, while the average rental for an apartment is $1,173, compared to the average of $1,024. Since you can pay less than average for a house and charge more than average in rent, you can easily make a profit on any real estate you choose to buy in the area—especially as real estate prices inevitably rise over the next several years.
- The startup scene. Texas is known as the technological hub of North Texas, which makes it a prime landscape for startups and entrepreneurs. Dozens of entrepreneurs are taking advantage of the low real estate costs and big population to turn their wild ideas into a reality—and that means there’s a bigger network of support for other startup entrepreneurs in the area, who hope to accomplish the same thing. If you’re an entrepreneur looking for a new place to build your business, this means you’ll have a perfect opportunity and a network of support—as well as access to plenty of investors, who are attracted to the area for its core talent. If you’re an established business, you’ll have plenty of potential clients to work with (and possibly, startups to acquire).
- The climate. If you’re used to a state that sees lots of snow and harsh weather conditions, you’ll be pleased to know that Dallas also offers an amazing climate; rarely getting lower than 30 degrees in winter, and known for long, warm spring and summer months, Dallas is one of the most comfortable cities in the United States.
- The people. Dallas is well-known as being a friendly city, with warmer conversations than bigger metropolitan areas like New York City can afford. If you’re looking to meet people and build a social circle, or just have more pleasant interactions to and from work, this makes Dallas an ideal residential city. On top of that, there’s a fantastic talent pool to pull from; the Dallas-Fort Worth metroplex is home to more than 40 different colleges, which means new graduates and educated professionals are easy to come by. If you’re planning to start your business in Dallas or move it to Dallas, you’ll have no shortage of skilled, hardworking employees to fill your ranks.
No matter what your goals are, Dallas has something to offer, making it one of the most attractive cities in the country to professionals. Buying a house is a wise financial move, and there hasn’t been a better time to buy in Dallas in many years. Now’s the time to seek this financial opportunity out, so don’t miss it.
Quick note: Dallas is home to the University of Texas – one of the best university in the United States to study game design – ranked 42 among the most literate cities in America. It was also ranked among the best cities to live for student loan borrowers – borrowers here are only paying 26.24% of their monthly income to cover student loans and housing.. This is due to a much higher average income.
Currently, Larry writes for Entrepreneur, Social Media Week, CEOWORLD Magazine and the HuffingtonPost among others.