Dallas Real Estate Market Overview
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Location and Weather
The famous oil town has evolved into a thriving city with a diverse culture and business base. Located in north-central Texas and 70 miles south of Oklahoma, Dallas is on rolling plains near the headwaters of the Trinity River in an area known as the black-land prairies. Known for its many man-made lakes, Dallas has a humid, subtropical climate. The summers are hot, and the winters are mild. Interestingly there are more than 60 lakes and over 50,000 acres of public parkland within a 100-mile radius of the city.
Population, Job Market and Cost of Living
Dallas is dynamic and growing with a job market increase by 3.3% over the last year. The next ten-year job growth is predicted to by 45.1%. Dallas’ proximity to Fort Worth makes them a big blended city adding 131,767 residents from 2017 to 2018. This area gained more residents than any other city in the U.S. The cost of living is moderate due to the Dallas real estate market with moderate home prices depending on the area.
The reasons for growth in Dallas include a good thriving economy and job market. The major employers are Exxon Mobile, AT&T, Texas Instruments, Kimberly Clark, Southwest Airlines, American Airlines, Energy Transfer Equity, Fluor engineering and construction, HollyFrontier Corp and Tenet Healthcare.
With a great job market, major international airport, moderate cost of housing and diversified economy, Dallas will continue to be a major growth market.