Dallas-Fort Worth Airport Expansion: What It Means for Nearby Housing Markets

Andy
Oct 29, 2024By Andy

The Dallas-Fort Worth (DFW) Airport is one of the busiest in the world, and its ongoing expansion is expected to have a significant impact on the housing markets nearby.

As the airport grows, so does the demand for housing in surrounding areas.

If you’re looking to sell your house fast in Houston or invest in real estate near DFW, it’s important to understand the opportunities and challenges this expansion brings.

Why the DFW Airport Expansion matters?

DFW is undergoing a major expansion to accommodate rising air traffic and improve its infrastructure. This includes new terminals, expanded runways, and additional services.

Airport lounge

With more flights and international connections, the area around the airport is becoming more attractive to businesses and families alike.

  • Increase in air traffic: The expansion is expected to increase the airport’s capacity by 50 million passengers annually by 2035.
  • Job creation: Thousands of jobs will be created, both directly at the airport and in industries that support it, such as hospitality, retail, and transportation.

With these developments, housing demand in nearby communities is on the rise as people look for convenient places to live that offer easy access to the airport and its growing employment opportunities.

Key Areas to Watch:

Grapevine

Grapevine, which is located just north of the airport, is one of the areas seeing the biggest impact. Home values have risen significantly due to its proximity to DFW, and this trend is expected to continue as the airport expansion progresses.

Irving

Irving is another hot spot for real estate near DFW. It offers easy access to the airport and major highways, making it a convenient location for those working at or near the airport. Housing prices here have been rising steadily.

Euless

Euless, located between Dallas and Fort Worth, is becoming increasingly popular for its affordability compared to other nearby towns.

With the airport expansion, this area is likely to see property values rise, making it a smart option for investors looking for real estate near DFW.

Real Estate Trends Near DFW Airport

Airplane preparing to take off from the runway in Pearson International airport at dusk, Toronto,Canada
AreaMedian Home Price (2023)1-Year Price GrowthProximity to DFW
Grapevine$480,00010%5 miles
Irving$350,0008%8 miles
Euless$300,0006%10 miles

What this means for sellers?

If you’re looking to sell your house fast in Houston and invest in property near DFW, now is a great time.

Empty office with glass window

The airport expansion is driving demand for housing, particularly in areas that offer easy access to the airport.

Investors are snapping up properties in towns like Grapevine, Irving, and Euless, expecting significant returns as property values continue to rise.

Toronto Pearson International Airport

However, keep in mind that with rising demand comes higher prices. If you’re buying, you may need to act fast to secure a property before prices increase even more.

Final thoughts

The DFW airport expansion is a major development that’s set to transform the housing markets nearby.

As more people move to the area for job opportunities and convenience, real estate near DFW will continue to rise in value.

travel by plane, woman passenger waiting in airport, silhouette of passenger in airport

Whether you’re looking to sell your house fast in Houston or invest in a growing market, keep an eye on the areas around DFW airport, particularly Grapevine, Irving, and Euless, for promising opportunities.