Dallas is Booming—But Here’s the Untold Truth That Could Make or Break Your Investment!
Available Land Encourages Urban Sprawl
Dallas’ growth has been made possible by an abundance of land to accommodate its urban sprawl. However, despite Texas’s relative affordability compared to other parts of the country, if you plan to buy and hold in North Dallas, you will have to purchase with cash or a sizable down payment and reap the equity rewards down the line.
The average apartment rent in Dallas is around $1,700/month, according to RentCafe, and home prices tend to start around $450,000. The median price of a sold home, according to Realtor.com, is currently $605,000, so cash flow is not a viable option.
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