Hiles Discusses Growth’s Effect On Texas Suburbs

Hiles Discusses Growth’s Effect On Texas Suburbs

Trends in recent years show a surging interest in the Texas suburbs. Towns such as New Braunfels (located between San Antonio and Austin), Frisco (part of the Dallas/Fort Worth metro area), Georgetown (a 45 minute drive from Austin) and Pearland (near Houston) jumped into last year’s top ten list of the fastest-growing American cities with a population larger than 50,000. Census figures show that although Texas has gained nearly half a million new citizens in one year, 1,200 new residents on average daily, suburban counties outpace the biggest metropolitan areas. Collin County, north of Dallas, is projected to grow by an incredibly 386 percent over the next 35 years, which will bring its population to roughly 3.8 million residents. Marcus Hiles notes that many counties are growing at twice the rate of their adjacent urban neighbors, with Hays, Fort Bend and Kendall counties seeing a 20-23 percent increase over the last five years. “Expansion into these areas is a logical progression,” Hiles points out. “As the total number of people looking for a place to call home increases, economists and developers expect to see the percentage of renters continue to rise as well.”

Read more: http://www.marketwatch.com/story/marcus-hiles-dallas-property-investor-creates-annual-grants-for-local-k-12-schools-2016-07-27

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