Dallas is the third fastest-growing city in the United States, according to Forbes list of America’s 20 Fastest-Growing Cities 2015.
Residents are moving in but they are also moving to the north of the Metroplex. Collin County holds 36 percent of new citizens in the ranking ZIP codes, followed by Denton County with 28 percent of the ZIPs, 20 percent in Tarrant County, 12 percent in Dallas County and only 4 percent of the new denizens reside in Rockwall County.
Using data from geographic information systems provider Esri’s updated estimates, forecasted variables and U.S. Census data for all ZIP codes, I examined the North Texas areas zipping to the front of population growth in the region.
Take a look, to see the growth rates and projections for various ZIPS.
In my 32 years in real estate, I have never seen a “seller’s market” like the one today in North Texas. The North Texas economy and corporate relocations are driving this market to prices we have never seen before. REALTORS are seeing multiple offers over list price in many segments of the market. Great for sellers, but a true nightmare for buyers and appraisers.
See the Dallas Morning News Real Estate Editor, Steve Brown’s article for more details.
Collin County projected to grow 386% over the next 35 years, with the addition of more than 3 million residents and growing its population from 782,341 to 3.8 million.
Go to the Dallas Business Journal to see the entire article.
Click the Google map and see the population projections county by county.
If the projections are accurate or even close, some areas of Texas will be a little crowded in 2050.