Co-own real estate report: Dallas-Fort Worth, Texas

Nearly 300 people move to the area every day. From 2010 to 2020, this area added 1.3 million people. And according to Zillow, in 2021, more people moved to this area than any other region in the United States.

What area are we talking about? If you guessed Dallas-Fort Worth, Texas, you win a…high five. ✋

Dallas-Fort Worth has long been a people magnet. So, why is everyone moving to Dallas-Fort Worth? People are gravitating toward a lower cost of living, a strong economy that continues to draw more corporations, great weather, and lower taxes. With one of the best-ranked airports in the US, Dallas is centrally located. You can take a four-hour (or less) flight to reach most major cities in the country.

Whether you’re looking for fine arts, entertainment, professional sports, or giving back, you’ll never run out of activities in Dallas.

What makes Dallas-Fort Worth attractive for co-owning

The National Association of REALTORS® (NAR) 2022 Housing Market Hidden Gems report identified Dallas-Fort Worth as a top 10 market. The report considers strong underlying housing market fundamentals with home prices, finding that the DFW area is still undervalued and relatively affordable. NAR expects the area to experience stronger price appreciation in 2022. This is driven by the continued migration of companies and residents from the East and West coasts – namely New York and California.

45.12% job growth over the next 10 years 📈

32.5 years old is the median age in Dallas 👨👩

$400,000 median listing home price 🏠

5.6% job growth year over year 👷👩‍💼

9.5% population growth since 2020 📦

78% increase in Dallas home values in the last five years 🔥

Short-term rentals in Dallas-Fort Worth

64% occupancy rate on Airbnb.

$2,100/month average revenue on Airbnb

76/100 Airbnb rental demand in this market

More than 27 million people visit Dallas every year, and in recent years, Conde Nast even named Fort Worth a top U.S. city to watch and visit. The region draws sports nuts year-round coming to watch the Cowboys, Stars, Mavericks, and Rangers. It also draws foodies who can dig in at several unmissable restaurants. Lastly, there is a year-round stream of convention attendees and executives jetting in and out of the area for meetings at one of the 23 Fortune 500 companies in the Dallas-Fort Worth Metroplex. Regardless of the reason, Dallas-Fort Worth attracts a steady stream of visitors year-round—and the numbers only continue to increase.

Hot neighborhoods in Dallas-Fort Worth

Knox-Henderson
Named for two main roads, Knox and Henderson, that connect the neighborhood over U.S. Highway 75, Knox-Henderson is one of Dallas’ trendiest neighborhoods. The area is centrally located, nestled between Lower Greenville, Uptown, and Highland Park. It’s a walkable area that features dozens of shops, boutiques, and restaurants—with more popping up regularly. The latest place to see and be seen is Restoration Hardware’s Rooftop restaurant.

Uptown
Just north of downtown Dallas, Uptown is one of Dallas’ most walkable live-work-play neighborhoods. Uptown is a dynamic district with upscale apartments, trendy bars, hot restaurants, nightlife destinations, and some of the top shopping in town. McKinney Avenue is the heart of the action, and it features a (free) nostalgic trolley connecting the popular thoroughfare.

Deep Ellum
The Deep Ellum neighborhood is one of Dallas’ most colorful neighborhoods. Get your Instagram ready because the artsy area is known for its street art throughout the neighborhood. Deep Ellum is another walkable area near downtown that boasts art galleries, theaters, delicious eateries, live music venues, and street fairs and festivals throughout the year.

The hipster report

Other notable destinations

Fort Worth Stockyards

Get ready to experience an authentic glimpse of the American West at the Fort Worth Stockyards. The walkable area features numerous restaurants, bars, shops, hotels, and must-see attractions—all surrounded by the rich history of the stockyards. Don’t miss the twice-daily cattle drive, held every day at 11:30 am and 4:00 pm.

The Sixth Floor Museum at Dealey Plaza

At the intersection of Houston and Elm Streets in Dallas is the home of a museum remembering one of our nation’s most tragic and defining moments: the assassination of President John F. Kennedy. And located just one block from The Sixth Floor Museum at Dealey Plaza is the John F. Kennedy Memorial Plaza.

Klyde Warren Park

Klyde Warren Park is a central gathering space for Dallas residents and visitors alike. The 5.2-acre urban green space is built over the recessed Woodall Rodgers Freeway. The park offers daily free programming from yoga to concerts to film, and you’ll likely find a few food trucks, too.

Katy Trail

The Katy Trail is built on an old railroad line and has quickly become an iconic destination for Dallas residents. It’s a 3.5-mile paved trail for runners, walkers, skaters, and bikers and it links the business district with residential neighborhoods. If it’s a hot summer day, be sure to cool down with a cold one at Katy Trail Ice House.

Centrally located

Drive to in 4 hours or less

• Austin, Texas
• Houston, Texas
• San Antonio, Texas
• Oklahoma City, Oklahoma
• Waco, Texas

Dallas-Fort Worth cobuy opportunities

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2432 W Brooklyn Avenue, Dallas, TX 75211

Asking price: $459,000

Estimated down payment: $91,800

Estimated mortgage: $2,648/month

Estimated rental revenue: $2,266/month

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814 S Oak Cliff Boulevard, Dallas, TX 75208

Asking price: $554,999

Estimated down payment: $111,000

Estimated mortgage: $3,202/month

Estimated rental revenue: $2,595/month

727 Kessler Woods Trail, Dallas, TX 75208

Asking price: $1,298,000

Estimated down payment: $259,600

Estimated mortgage: $7,490/month

Estimated rental revenue: $2,595/month

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1842 Nomas Street, Dallas, TX 75212

Asking price: $689,900

Estimated down payment: $137,980

Estimated mortgage: $3,981/month

Estimated rental revenue: $2,892/month

Sources:

• Dallas economy
• Dallas rental data
• Dallas home values
• Dallas-Fort Worth Airbnb Calculator

Nestment, Inc. does not guarantee and is in no way responsible for the accuracy of information provided in this blog post. All information is provided “AS IS” and with all faults. Data presented here may not reflect all real estate activity in the market.  While the information on this site is about legal and tax issues, it is not intended as legal or tax advice or as a substitute for the particularized advice of your own attorney and tax professional.