To find out more about what’s going on in Collin County and Surrounding Counties in our Great D.FW, just call me! Let’s Chat: 214.769.2142
Collin County is the fastest growing county north of Dallas County, growing more than 45% since 2000. There is more net rentable property than the combined areas of Uptown and Dallas. Currently the population is at 940,000 and is predicted to be at 3 million by 2040! With all the new jobs the median income has also risen to $100,839. So why has Collin County experienced so much growth? How has this growth affected the traffic and housing? What is expected in the future? All questions residents and potential relocation buyers have on their mind.
1. Many companies are moving locations
Companies are moving headquarters to Collin County because the workforce, schools and housing are attractive as well as the low-cost tax structure. Says County Judge Keith Self: companies “can move across the street and lower their … tax by half.” Some companies that have been part of the move are Toyota, Liberty Mutual, JP Morgan Chase and the Dallas Cowboys.
2. Existing businesses are seeing growth too
Crest Auto Group has seen a 25% growth. Mexican Sugar is beating last years’ numbers and they are always hiring more employees. A.R. Schell & Son Agency Insurance has also seen growth from last year. These are just a few examples of the many businesses that are currently thriving.
3. Demand for single-family homes and apartments
This demand has become so big in the last few years! Median sales price has risen from $190,100 to $300,000! Because of the high demand, the inventory has dropped by 30%. Apartments are 94.3% full and rent is averaging right under $2000 a month.
4. Undeveloped Land
Still quite a bit of undeveloped land…wonder what the future holds?
5. How bad is the traffic? It’s getting bad!
*Worst traffic is State Highway 121, just W. of State Highway 289
*Second worst is Dallas N. Tollway, just N. of George Bush Turnpike
*Third worst is Dallas N. Tollway, just S. of George Bush Turnpike
The exact remedy is unknown to fix the traffic problems. Options are to create and “outer loop,” more walkable neighborhoods, more trolleys and express buses.
Looking forward to seeing more change in the future!
(Information taken from article in D Magazine)