While the higher-end markets in Dallas and its wealthy northern suburbs are cooling, mid-range properties are on fire south of the city. More buyers and investors are looking to step out of the crowded big city and its built-out northern territories and heading to the south to reclaim an area that’s suffered its share of black eyes this past decade or two.
Home values in Lancaster have been climbing more or less steadily for a solid year ‒‒ and inventory is going down. In other words, the word’s out about this unassuming neighbor to Dallas’ south. The city’s inventory has been cut in half since a year ago and the median price of a home has grown by 40 percent. Even the size of the living spaces has increased by nearly 30 percent in new homes.
The green, rolling city of Cedar Hill has rather aggressively pursued development these past few years, and those looking for hot new areas to move or set up shop have found this waterside gem. Joe Pool Lake and the Cedar Hill State Park offer the get-away-from-it-all life possible at the edge of the Hill Country, 20 minutes from Downtown Dallas. Low taxes, low cost of living, and quality education are also helping Cedar Hill blossom.
“The Beacon City of Southern Dallas County” is generally thought of for its industrial development, but more people looking for upper-middle-range neighborhoods are turning to DeSoto. The city’s stable housing market and open inventory have caught the eyes of investors and buyers alike, and median prices are steady around $280,000.