Dallas has been high on the list of top-rated real estate markets for Single-Family Rental (SFR) investment throughout 2016, and for good reason, so we’re thrilled to welcome Dallas into the Roofstock Marketplace.
The Dallas-Fort Worth metropolitan area has seen significant population growth due to a strong local economy and subsequent employment growth, in turn leading to trends towards rising rents and home price appreciation in the housing market. In fact, Dallas is currently among the top 3 markets for both rent and employment growth in the US, with both coming in significantly higher than the national average. Rent growth is currently 5.1%, compared to 1.4% nationally, and employment growth is at 4.2%, compared to 1.7% nationally.1
Much of this growth is driven by a low supply of homes for sale and a high concentration of large corporations in the area. Dallas is home to the third-largest concentration of Fortune 500 companies in the nation, including ExxonMobil (#2) and AT&T (#10), which continue to drive job and income growth.2
Home values in the Dallas-Fort Worth metropolitan area are expected to appreciate by 16% on average by December 2019,1 demonstrating strong long-term investment potential in the SFR market. Providing Roofstock investors with exposure to investment opportunities in one of the fastest growing cities in the nation is a great addition to the diversity our marketplace offers.
1 - John Burns Report, October 2016
2 - Fortune.com