With Denton’s thriving housing market, the area is attracting numerous real estate investors. Demand for commercial, industrial, and residential properties is soaring due to the cheap mortgage rates now in place and the city's rapidly growing population.
Some of the attributes of Denton, Texas that attract property investors include:
Learn about investment opportunities here.
Affordable Cost of Living
Despite its tremendous growth, Denton is far more affordable than other major cities in the state, like Dallas. The cost of living in Denton is also less than the national average. Denton residents can expect to pay less than the national average for necessities like groceries, utilities and transportation.
Living in Denton is made easier as residents are able to afford rent and necessities while having money left to take advantage of the city's numerous pubs, restaurants and activities.
Growing Education Institutions
Living in Denton, Texas, means residing in a college town. Each year, 50,000 students attend the two nearby universities, the Texas Woman's University and the University of North Texas. This means a sizable percentage of tenants are constantly looking for homes to rent throughout the year.
This influx of students gives property owners a consistent income. We suggest property owners make sure to offer distinctive amenities that attract students in order to give themselves an advantage over competitors.
Population Growth
One of the best indicators of a good property investment is population growth in the surrounding area. The majority of population growth has been associated directly with job growth. There are many reasons why Texas is expected to prosper for many years to come, including the fact that the state continues to attract both firms and employees to the area.
Companies are choosing to relocate to Texas in order to benefit from the state's low cost of living, top-notch education system, reasonable housing options, secure communities and its proximity to a significant international airport.
Attractive Real Estate Market
The housing market in Denton is highly competitive. There is a housing shortage in the city, where several thousand individuals relocate each month. With an increasing population, fresh land has been turned into master-planned communities and many rural areas have transitioned to suburban landscapes. The median price of a property has increased over the past few years.
Denton has a stable real estate market that will remain so in the years to come, which is important for those looking to invest in Denton real estate. An appealing real estate market depends on several factors, including the availability of educational institutions, population expansion, affordable housing and a low cost of living.
Historic Downtown
The Denton County Courthouse is located at the center of Denton's historic downtown, Denton Square. As the oldest structure in Denton, it was renovated in 1986 and is listed on the National Register of Historic Places in the United States. The entire area is now a vibrant and regenerated city center with a wide variety of shops, entertainment options and historical sites.
This is one of the many areas in Denton, Texas, that attracts tourists. Since Texas is a popular tourist destination, visitors create a demand for short-term rental homes. Property owners can profit off the city’s tourism by offering vacation homes with basic amenities for Denton visitors.
Attractive Neighborhoods
Property investors can choose from a wide range of popular and reasonably priced communities in Denton. The southeast part of the city is where most people live and where the most expensive properties are located. However, there are other areas you can invest in Denton that are secure and reasonably priced.
The Ponder neighborhood in Denton might be the nicest or most affluent area to reside. This tranquil location is a nice area to raise a family or enjoy retirement. Ponder is also close by places like Decatur, South Lake and Frisco. For different investors with various financial objectives, each area has something unique to offer.
Bottom Line: Invest in Denton, TX Property
One of the most popular metro locations for relocation is Denton, Texas. Instead of living in a busy and expensive city, more and more individuals are moving to Denton for a peaceful lifestyle in an affordable market.
Are you thinking of investing in Denton, Texas real estate? Let Legacy Realty and Management help you achieve your investment goals. We’ll relieve the stress associated with property ownership while enabling you to expand your investment portfolio.
Our team understands how the key to an investment property’s success is striking a balance between current profit and long-term property upkeep. Your investment will yield the best results thanks to our integrity, expertise, and experience.
Our property management services are effective and tailored to the Dallas region. If you want help investing in real estate property or managing your properties, contact Legacy Realty and Management today by dialing (469) 576-7676 or write us an email at donnie@legacy380.com.
