Texas is the second largest state in terms of population and land area. The spacious land and diverse cities offer the big-city bustle or small-town graciousness and simplicity. Diversity defines the state and the people, creating a rich multicultural experience.
Being the second largest state in terms of population and geographic area amplifies the vastness and the boldness that is typically Texas. The economy is estimated to be worth $1.6 trillion and still growing. Due to favorable tax laws and other business-friendly factors, many large companies have moved their headquarters to the Lone Star State increasing job opportunities. Texas is one of eight states that foregoes collection of state income taxes, leaving wage earners with more money in their pockets.
Everything is bigger in Texas, and this includes real estate investment opportunities. With a stable economy and diverse job opportunities, the state will continue to be one of the main relocation destinations, which in turn increases the demand for rental properties. The average cost of living in is 7% lower than the national average bringing more families to the state. Also, the median home prices are $350,000, about 8% lower than the national median.