Hiles Discusses Suburban Growth Trends

Hiles Discusses Suburban Growth Trends

Trends in recent years show a growing interest in the Texas suburbs. Outlying towns such as New Braunfels (located in-between San Antonio and Austin), Frisco (part of the Dallas/Fort Worth sprawl), Georgetown (a 45 minute drive north of Austin) and Pearland (near Houston) flew onto last year’s top ten list of the fastest-growing American cities with a population larger than 50,000. Census figures show that although the state has gained nearly half a million new citizens in a year, with 1,200 daily new residents on average, suburban counties are growing much faster than the biggest metropolitan areas. Collin County, north of Dallas, is projected to grow by an unheard of 386 percent over the next 35 years, which will put its population at roughly 3.8 million. Marcus Hiles notes that some counties are growing twice as fast as their adjacent urban neighbors, including Hays, Fort Bend and Kendall counties, who are experiencing 20-23 percent increases over the last five years. “Expansion into these areas is a logical progression,” he says. “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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