Dallas Hits No. 1 on Forbes List of ‘Best Buy Cities’

Data shows strong home prices, as well as solid job and population growth.

Forbes

The hard work and forward thinking of the North Texas real estate community is paying off, according to a new list published by Forbes.

Dallas has been ranked atop Forbes’ list of “Best Buy Cities: Where to Invest In Housing in 2017,” helping the Lone Star state lead the way in the state rankings.

Fort Worth was ranked No. 9 to help the charge to the top, and San Antonio came in at No. 20. Texas had the second-most spots on the list of states, trailing Florida which had four.

Forbes‘ list shows where you can “get the most bang for your housing buck this year.” The publication teamed with Local Market Monitor, a North Carolina company that tracks over 300 housing indicators in addition to broader growth trends.

According to Forbes’ data, Dallas has an average home price of $233,000, up 3.9 percent from the previous years, and underpriced by 3 percent when compared to Dallas’ historic average.

The data has other good news.

Local Market Monitor forecasts prices will go up 31 percent by 2020, largely because of the 3.9 percent growth in the last year, and 6.2 percent growth in population in the past three years.


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