North Texas City Ranks As Top Millennial Magnet In US

North Texas City Ranks As Top Millennial Magnet In US

For millennial homebuyers wanting to live in an affordable suburb with the local "it" factors, such as access to hiking trails, proximity to restaurants, and a nightlife, apparently they don't have to look far in North Texas.

Watauga's 76148 ZIP code has been named as the city with the hottest ZIP code for the second consecutive year, in part, because of the competitive housing market with desirable amenities that appeal to a young population.

"This is the right place to get into a home if you don't have a lot of money," Javier Vivas, director of economic research for Realtor.com, told the Dallas Business Journal.

"If you look at the data, 18 days is the median number of days a home was in the market," he added. "The homes also had five times more views than the rest of the country. The people shopping there are very active and interested in finding a starter home in the suburbs."

The average home listing views within the 76148 ZIP code were up 28 percent year-over-year, he said. The median list price for a single-family home was $160,441, which is a 12.4 percent jump since last year.

This year, Tarrant County is expecting to add 28,000 jobs, which is an increase of 3 percent over last year. That growth in residents is a big reason behind the interest in Watauga, which is a suburb of Fort Worth, he said.

"This is a very inexpensive ZIP code when compared to the surrounding area and this sort of low- to mid-tier neighborhood still provides value," Vivas said. "It's still very affordable, which is why it holds this kind of demand."



Article Credit:   –  Senior Reporter, Dallas Business Journal


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Dated: November 28th 2017
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About Navjot: Navjot "Nav" Singh is born and raised in Arlington, Tx. Graduated from Martin HS class of 2010 and w...

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