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    Hot Housing Markets

    Texas dominates list of best housing markets to invest in 2015

    Jonathan Rienstra
    Jan 13, 2015 | 9:03 am

    Another day, another list pimping out Texas’ real estate market. This time, Forbes declared five of its 20 “best buy cities,” i.e., where to invest in housing in 2015, are in Texas, including Austin at No. 1. In fact, all five Lone Star locales are in the top 10.

    Behind Austin are Houston (No. 3), Dallas (No. 5), San Antonio (No. 6) and Fort Worth (No. 10). Forbes worked with Local Market Monitor, a data company that looks at home prices and economic factors in 300 housing markets across the nation, and determined that these cities are safe bets to invest — whether for rentals or first-time buyers — because of strong job and population growth, diversified economies, and relatively low housing prices.

    Austin’s housing market is slightly overpriced at 8 percent, according to Local Market Monitor’s “Income Price,” which tries to capture how the average home would be priced in a market without speculation or disruptions like the housing crash and how it relates to the average income over several years. Still, the city’s booming population — which grew 8.9 percent from 2010 to 2013 — and annual job growth of 3.6 percent push it into the top spot.

    Houston’s housing market is still underpriced by 7 percent, with an average home price of $214,049, and the area’s job growth is exploding at 4.1 percent annually. Dallas is underpriced by 9 percent, with an average home price of $197,159, and a slightly lower job growth of 3.8 percent.

    San Antonio’s houses also are underpriced: by 12 percent, with an average home price of $189,080. San Antonio’s job growth is 2.5 percent. Of the Texas cities, Fort Worth’s market is the most underpriced at 17 percent, with an average home price of $180,312, and annual job growth of 2.6 percent.

    Texas had the most cities on the list; Florida had the second most, at four. However, only No. 4 Orlando made the top 10. For the Texas cities, home prices have been growing between 7 and 12 percent, which indicates that even though flipping houses might be harder as the market continues to strengthen, the investment for long-term ownership is good in Texas.

    Local Market Monitor did say that oil boom cities like Midland were bad investments, while the larger Texas cities had enough economic diversification to weather the current energy-sector storm.

    Rounding out the top 10 are Provo, Utah (No. 2); Denver (No. 7); Boise, Idaho (No. 8); and Oklahoma City (No. 9).

    unspecified
    news/real-estate

    Moving north

    $1.5 billion development with working farm takes root in booming Anna

    John Egan
    Mar 27, 2026 | 10:30 am
    Anna, Texas
    Facebook/Anna
    Anna is a fast-growing city north of Dallas.

    The fast-growing Dallas-Fort Worth suburb of Anna, once a small farming community, is poised for even more population growth with the addition of a $1.5 billion master-planned community.

    Real estate investment firm Tellus Group broke ground Wednesday, March 25, on the more than 970-acre project, called Sherley Farms. Tellus is marketing the development, located in Collin County, as a wellness-focused, master-planned community with about 3,000 homes and an actively managed organic farm.

    First-phase homebuilders are Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, and Perry Homes. The initial model homes will be finished in the spring of 2027.

    The Sherley Farms site is five minutes from U.S. Highway 75 and near downtown Anna, which ranked fifth among U.S. cities for population growth from 2023 to 2024. As of July 1, 2024, Anna’s population stood at 31,986, up 14.6 percent from the same date in 2024 and up 183 percent from 2016. Anna’s population is projected to hit 100,000 by 2050.

    One standout aspect of the project will be a 65-acre organic farm that supplies fresh produce. Tellus says the “working” farm will serve as an “agricultural anchor and gathering place.”

    “Sherley Farms reflects our belief that the future of community development is rooted in wellness, connection, and a deep respect for the land,” says Craig Martin, founding partner and CEO of Tellus Group.

    Sherley Farms Facebook/Sherley Farms

    Anna started as a farming community in 1883. But in recent years, it has transformed into a rapidly growing suburb with more than 7,700 households as of 2024.

    Aside from homes, the first phase of Sherley Farms will include an amenity center with a resort-style pool and a portion of the planned green space.

    “Sherley Farms is a meaningful investment in Anna’s future, expanding our tax base, attracting new residents, and driving long-term economic growth,” says Kevin Toten, Anna’s mayor pro tem. “This project will generate new economic activity, support local businesses, and strengthen Anna’s position as a destination for high-quality development in North Texas.”

    In addition to Sherley Farms, Tellus is developing the Mosaic master-planned community in Celina, the Mirabella gated community in Prosper, and the Meraki master-planned community in Forney. Tellus was the principal developer of the $3 billion Windsong Ranch master-planned community in Prosper.

    dallas suburbsannamaster-planned communitydevelopment
    news/real-estate
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