Mid-Cities (HEB) Real Estate
The Mid-Cities region of the DFW Metroplex constitutes most cities located in between Fort Worth and Dallas. Hurst, Euless, and Bedford—known to local residents simply as “HEB,” is the most popular—and shrewdly affordable—destination for those seeking residence in the Mid-Cities portion of DFW.
Collectively, HEB has 135,593 residents—more than McKinney (131,119) and right behind the population of Mesquite (137,824)—individually, each of the three cities benefits by their close proximity to Fort Worth (to the west), and Dallas (to the east).
The Hurst-Euless-Bedford Independent School District (HEBISD) serves the cities of HEB. The district has garnered numerous awards, including a “superior” rating by the Texas Education Agency in the Financial Integrity Rating System of Texas (FIRST) for eight consecutive years.
The smallest city in HEB, Hurst has seen a modest population increase in the last decade, from 36,273 in 2000 to 37,337 in 2010, a 2.9% jump.
Hurst has the distinction of being the only city in HEB that has seen it’s average listing price decrease much in the last year—a 0.8% decline to $160,971. Conversely, Hurst has seen the largest jump in median sales price, up 31.5% from a year ago, to $124,454.
Thanks to the highest average sales price, Hurst boasts the greatest price per square foot, coming in at $81.
The market is still in flux, so it is by no means too late to purchase real estate that appears quite likely to appreciate quickly.
During the decade that passed between the 2000 and 2010 US Census, Euless experienced the largest uptick in population in the HEB area—going from 46,005 to 51,277, an 11.4% increase.
With a median sales price that plummeted 13.5% in the last year —down to $116,666—the increase in Euless population is a trend that will surely continue, and makes Euless that much more attractive to future home buyers.
According to the 2010 US Census, Bedford is the second largest city in HEB, with a population of 46,979, a 0.7% drop from 2000.
When it comes to buying a home, Bedford represents the best current value in HEB, as the median sales price of $80,845 represents a 35.2% drop from one year ago. Of the aforementioned three, Bedford has the lowest price per square foot, at $59.
If you’re looking for a nice investment right now, don’t let the $182,070 average listing price scare you off, as there are plenty of homes in Bedford being sold right now for outstanding bargains.
As the population in the DFW Metroplex continues to swell, there truly is no better time than to invest in real estate in the Mid-Cities area, with Hurst, Euless, and Bedford representing some of the best values in all of DFW.
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