Dallas, Texas

Dallas home values are more affordable than the national average today

• In January 2017, the median purchase price of three bedroom single family homes in the Dallas metro area was $176,000. This is 6% lower than the national average of $187,000.
• The median price of three bedrooms homes in Jan. 2017, in the Dallas neighborhoods where Real Wealth Network members invest, was $170,000. This is 9% lower than the national average of $187,000.
• This shows us that home values in Dallas are slightly more affordable than the average home nationwide, especially in the neighborhoods where Real Wealth Network members are investing.

It’s possible to generate passive monthly income from Dallas investment properties

• In January 2017, the median monthly rent for three bedroom homes in Dallas was just under $1,500, which is 0.85% of the purchase price of $176,000. This is higher than the national average of 0.74%.
• In the neighborhoods where RWN members invest, the median monthly rent of three bedroom homes was $1,600, which is 0.94% of the $170,000 purchase price.
• This shows us that there’s also a strong opportunity for investors to make significant rental income every month, especially in the neighborhoods where Real Wealth Network members are investing.

Dallas home values have been on the rise in the last five years

• Over the last five years (Jan. 2012 to Jan. 2017), three bedroom homes in Dallas have appreciated by more than 50%. During the same period, three bedroom home values appreciated by only 29% nationwide.
• This shows us that home values are rising more quickly than the most other cities across the nation. As long as job growth and the affordable cost of living continue to attract people to move here (which seems likely – see next section, “Population Trends”), this trend will likely continue.

Dallas rental prices are also rising more quickly than other U.S. real estate markets today

• In the past five years, the median rent for three bedroom homes in the Dallas metro area increased by 23%. Nationally, rents only increased by 14% during this period.
• This shows us that rental prices are also rising more quickly than most other U.S. cities today. This trend is also likely to continue as long as people and corporations continue moving to the Dallas metro.

People are moving to Dallas at a higher rate than most other cities across the nation today

• Between July 2010 and July 2016, Dallas’s population increased by 12.6%, which is almost three times higher than the national population growth during the same period.
• This shows us that people are moving to Dallas at a higher rate than most other cities across the nation today.

Dallas has created more jobs over the last year than most other U.S. metros

• Between February 2016 and February 2017, Dallas added 118,800 new jobs to their economy – an annual growth rate of 3.42%. This is significantly higher than the national job growth rate of 1.2% during the same period.
• This shows us that there are more jobs being created in the Dallas area than most other U.S. cities today.

Dallas is Still Affordable & Cash Flowing

• This shows us that the average investment property in Dallas is more affordable and generates higher monthly income than similar properties nationwide

Dallas Population is Growing Rapidly

• Between July 2010 and July 2016, Dallas’s population increased by 12.6%, which is almost three times higher than the national population growth during the same period.
• This shows us that people are moving to Dallas at a significantly higher rate than most other cities across the nation today.

Dallas Has Significant Job Growth

• Between February 2016 and February 2017, Dallas added 118,800 new jobs to their economy – an annual growth rate of 3.42%.
• This is significantly higher than the national job growth rate of 1.2% during the same period, which means there are more jobs being created in the Dallas area than most other U.S. cities today.

Dallas Real Estate Prices & Rents are Rising Fast

• Over the past five years, the price of three bedroom homes in Dallas has appreciated by more than 50% (compared to 29% nationwide), and the median rents for these homes has increased by 23% (compared to 14% nationwide).
• This shows us that home values and monthly rents are rising more quickly than most other cities across the nation. These trends are likely to continue as long as new jobs and affordability continue to attract people to move here, both of which seem likely.