Dallas Tourist Attractions & FactsDallas, the county seat of Dallas County, is the second-largest city in the state of Texas. It is also the fourth-largest metropolitan city in the United States and has been designated as the gamma world city by the Loughborough University Globalization and World Cities Study Group & Network. Dallas was established in the year 1841 but was incorporated as a city in 1856. It is one of the main economic centers in the nation and its prominence comes primarily from its position along several railroad lines, its historical importance as a center for cotton and oil industries, and it’s influential financial and industrial tycoons.
Dallas, nestled at a maximum elevation of 550 feet (168 m), is also known for its natural beauty. A major attraction in the city is the Austin Chalk Formation, a limestone escarpment, the western edge of which runs north-south through Dallas County. This 200-foot (61-m) structure is exceptionally visible in the adjacent cities of Cedar Hill, Cockrell Hill, Irving, and Grand Prairie, as well as in the neighborhood of Oak Cliff. The spectacular Trinity River is the major waterway in the city. Another significant water feature in the city is White Rock Lake. This lake and the beautiful park nearby are popular tourist destinations in Dallas. The main recreational activities in the park include rowing, jogging, and biking.
Other places of tourist interest in the city include the 66-acre (0.27 square km) Dallas Arboretum and Botanical Garden on the eastern shore of the White Rock Lake; the Bachman Lake to the northwest of Love Field; 22,745-acre (92.12 square km) Lake Ray Hubbard; the Mountain Creek Lake; and the North lake. The Mountain Creek Lake, situated along the border of Dallas, is home to the Naval Air Station Dallas, popularly known as the Hensley Field. Most of the noteworthy architecture in Dallas is either modernist or post-modernist. The most important buildings in the city with modernist architecture include the Bank of American Plaza, IM Pei’s Fountain Place, Reunion Tower, and the Renaissance Tower. Buildings that exemplify postmodernist architecture are Comerica Bank Tower and the JP Morgan Chase Tower. Other structures like the Kirby Building and Davis & Wilson Buildings are built in the Gothic Revival and Neoclassical styles respectively.
The well-frequented neighborhoods in Downtown Dallas include the Arts District, the West End Historic District, Farmer’s Market District, the Reunion District, Victory Park, the city Center Business District, and the Main Street District. Oak Lawn, which features numerous parks along Turtle Creek, is located to the north of Downtown. East Dallas, on the other hand, is home to the famous Deep Ellum, the historic Vickery Place, Bryan Place, homey Lakewood, and historically significant homes on Swiss Avenue. North Dallas is a shopping paradise, with opportunities for high-powered shopping at the North Park Center, Galleria Dallas, and Preston Center. The major tourist attractions in South Dallas include Oak Cliff, the Bishop Arts District, the Cedars, Fair Park, and the Pleasant Grove. The main festivals and cultural events organized in the city include the State Fair of Texas held at Fair Park every year; the Red River Shootout game at the Cotton Bowl; Cinco de Mayo festivities; Saint Patrick’s Day parades; the Greek Food Festival of Dallas, and the annual Halloween parade on the Cedar Springs Road.
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The Fastest-Growing Area in Texas
The Dallas-Fort Worth Metroplex is one of the largest Metroplexes in the Country. It’s home to the Dallas Cowboys, the Texas Rangers, great Tex-Mex cuisine and one of the busiest airports in the world!
Dallas and Fort Worth are a bustling hub of industry and economy, and an attractive place for young entrepreneurs, industry professionals and—you guessed it—real estate investors. Listed as one of the fastest-growing metroplexes in the U.S., growth is driving rent and property price appreciation. Dallas-Fort Worth is proving to have a great mix of a strong economy and hot real estate market!
The Dallas-Fort Worth area’s population has grown by nearly 1.3 million from 2000-2009. That’s more than any other metropolitan area in the United States. The DFW Metroplex MSA is the largest metropolitan area in Texas, the largest in the South and the fourth-largest in the United States. That incredible growth is forecast to continue as Data Centers and Water Boards are expecting another 4 million people to be added to the Metroplex in the next 25 years. A demographer at the Brookings Institution attributes the population growth to a more diversified economy in Texas and more conservative lending practices during the real estate boom. No matter how you look at it, the DFW Metroplex is an exciting area with major job growth, population growth and a greater demand for housing!
According to the US Bureau of Labor & Statistics, Dallas job growth is twice the national average. An educated populace and a cost of living below the national average make Dallas enticing to companies seeking a lower cost but highly qualified workforce. As the workforce grows, Dallas-Fort Worth will remain an attractive city for real estate investors.
Economic Strength ~ Real Estate Investing Stability
As you can read, we put a big emphasis on the economic outlook for markets before starting to invest in single-family homes. We want to invest in markets where the economic outlook and environment are strong. Population growth, job growth, demand for new jobs and demand for housing are all economic factors tied to the future success of any real estate investment.
Before picking an investment market, we advise possible investors to research a market first. If the economic fundamentals for a good, strong future economy are in place, then a real estate investor can confidently move forward. Investors would be hard pressed to find as good a market as the Dallas-Ft. Worth, Texas market.
Dallas Real Estate Market Continues Hot Streak
We provide properties for real estate investors across the metroplex and a majority between $115,000 and $145,000. That is well below the median price point in the Metroplex. Our Dallas sales have continued strong since first entering the market in 2012 and North Texas home sales have improved as well. Home sales are setting records each month for both numbers and price. Sales prices are up 14% year over year and the median price point has eclipsed $200,000.
National surveys show that the Dallas-Fort Worth area is experiencing the largest annual home price gains in the country making it the #1 market for real estate investors looking for market with a mix of low, yet appreciating price points. Prices here are rising at about three times the long-term average rate of residential appreciation for the area. Much of this price pressure is due to the higher price points and above average price point neighborhoods, but the lower price points, which Memphis Invest purchases in Dallas, have appreciated at a more stable level.
North Texas home prices have shot up by more than 40 percent during the last five years thanks to record economic growth in the region and a historic shortage of properties to purchase.