It has been almost three years since the start of the world wide pandemic. One good thing that has come from it is that many companies have realized that they can move a large majority of their employees to remote positions! Because of this, many individuals now have the freedom to work anywhere and live anywhere! So in turn this has been great for the rental property market!
A new survey done by Apartment Lists says that The remote worker migration in rental property that started in 2022, and is expected to continue in 2023. With 36 percent of remote workers planning to move this year!
“We found that the flexibility afforded by remote work is indeed leading to higher rates of mobility and shifting geographic preferences,” Apartment List economist Chris Salviati writes.
“Given their heightened tendency to move, remote workers have been having a big impact on housing market trends, and this is expected to continue into 2023 and beyond,”.
Compared to on-site workers, remote workers have been considering different factors other than work when they do choose to relocate. For example cost of living in their area, city amenities and personal factor such as location of family. Since these individuals aren’t tethered to a singular location they can now choose where they want to be.
Because of this we have seen large influx of individuals moving from other more expensive states in recent years and down to the great state of Texas. DFW is still considered affordable and a great place to raise a family. Fort worth has especially seen an influx of people since 2020
“The estimated population change between April 1, 2020, and July 1, 2022, saw about 884,144 people move to the Lone Star State, which KXAN reports is more than any other state in the United States.”
With this large growth of new texans we are going to need more housing opportunities! This is why it is the perfect time for you to invest in a rental property in Fort Worth!
Not interested in purchasing an investment property but are looking to move to Fort worth? We got you covered!
At All County Property Management Group, we are here for you and all your property management needs! We help not only renters find their next home but also property investors looking for an experienced property management company to take over the hard work of property management. We offer up-to-date listings to suit a variety of needs and budgets. In addition, our dedicated leasing staff works with you every step of the way so you can feel confident in your home choice. Plus our team handles all property management needs from maintenance, leasing documents, marketing and more! For more information or to see our available listings in your area, check us out today!