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Cheap keeps moving north
Employers move north
That ladder of prices is pulling employers outward. AT&T, Fifth Third Bank, and Neiman Marcus have moved out of Dallas into the northern suburbs, and even the Dallas Stars and Dallas Mavericks have left or are planning to leave downtown Dallas for cheaper pastures north. Fort Worth is reaching farther north to follow those firms.
Booming suburbs
Access to the city at suburb prices has counties surrounding the Dallas-Fort Worth metro area growing by more than 30% in a decade. Cheap square footage, new houses that go up fast, and quaint smaller suburban downtowns near big cities have places like Frisco, Plano, and Irving booming.
Who is moving in
Former Californians tickled by the price tags and lack of taxes, and former Midwesterners working remote and searching for a change, are chasing the Texas dream there. Where Houston has infill, North Texas has fully embraced sprawl, and with plains and plains to spread across, it looks like an engine for steady growth.
Why are big employers leaving downtown Dallas?
Corporate campuses need large parcels of land, which cost less in the northern suburbs than near the urban core. Executives and many employees already live in those suburbs, so a move shortens their commutes. Suburban cities also compete for headquarters with tax incentives and fast permitting. Toyota, for example, moved its North American headquarters from California to Plano in 2017.
How did Frisco grow so fast?
According to US Census counts, Frisco grew from about 34,000 residents in 2000 to about 200,000 in 2020. The extension of the Dallas North Tollway into the city opened cheap farmland to builders. Developers added master-planned neighborhoods, schools, and shopping together, which drew families. The Dallas Cowboys later moved their headquarters and practice facility to Frisco, opening The Star in 2016.
How do new subdivisions pay for roads and pipes?
Texas lets developers create municipal utility districts, which are local government entities that sell bonds to build water, sewer, and drainage systems. Homeowners in the district repay those bonds through a district property tax. This shifts the up-front cost of infrastructure from the builder to the later residents, so the price at sale can stay lower. Many such districts operate across the state.
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