Would love to hear what the people in this group know about investing in a single family house in Garland, Tx. I’m thinking a new construction house. Any thoughts on the market? I’m researching remotely (from LA) and have been having a difficult time understanding where is a good neighborhood and what’s the average house price. I’m super new to real estate investing. Thanks in advance!!
Hi Lily! I am from Richardson next door to Garland and I know that while Garland house prices make rental cash flow easier, appreciation has historically been minimal compared to the pricier northern suburbs like Plano/Frisco. Garland is blue-collar and schools are OK but not rated as well as other suburbs. Average house price in Garland is 250-300k for a decent 3/2/2 but not a lot of new builds since it's an inner suburb that was pretty much developed by the 1980s. If you want newer builds at a similar price point, look to Garland's close neighbors Rowlett, Sachse or Wylie. Good luck!
Rowlett local here, and I have to say I concur with the above statement. I lived in Garland for 12 years and one of my Airbnb's is in Garland so it will always be special to me but as far as growth goes there is nothing special that makes it stand out above its neighbors. You could possibly do well in the Firewheel area of Garland which is close the a large outdoor shopping mall/movie theatre/bars but other than that it just doesn't appreciate well enough for me to invest in. You would do better off looking at places like Wylie and Sachse that are seeing a huge growth right now and south of the Metroplex in areas such as Waxahachie, Midlothian etc which are also seeing a huge housing boom.
If you want to hit some of the outer suburbs areas such as Royse City, Fate in the northeast and Crandall/Kaufman in the Southeast part of DFW. I'd stay away from anything West as far as entry level goes. Most of that has been developed, overdeveloped, and developed some more.