Dallas Real Estate Information
The third largest city in the state, Dallas, Texas, is home to a population estimated to be near 1.3 million, behind only Houston and San Antonio in size. It is the epicenter of the 12-county Dallas-Fort Worth-Arlington area in the northeast region of the state and is the county seat of Dallas County. The city was historically an important center for the oil and cotton industries, but today its economy revolves primarily around banking, commerce, telecommunications, computer technology, energy and transportation. The city makes up an area of 385 square miles, and its residents have a median household annual income of around $40,000. For those interested in real estate in the Dallas area, the median house price was around $128,000 in 2000.
Dallas was founded in 1841 and formally incorporated in 1856. It was at times commanded by both the French and the Spanish, giving it its mix of culture today. There are four major interstate highways traversing the city, and the Dallas Area Rapid Transit provides buses and two light-rail lines for getting about the area, with two more lines planned for the rail system. There are two commercial airports in the area: Dallas/Fort Worth International Airport, the state's largest and home to American Airlines, and Dallas Love Field, home to Southwest Airlines.
Education in Dallas consists of 337 public schools, 89 private schools, 38 colleges, and 32 libraries. There are 12 Fortune 500 companies located in the city, making it the U.S. city with the third most and ensuring properties in the area will hold their value. The renowned football team, the Dallas Cowboys, play in nearby Arlington, which is also home to the Texas Rangers baseball team. The Dallas Mavericks basketball team and the Dallas Stars hockey team both play downtown at the American Airlines Center. Dallas operates 21,000 acres of parkland among more than 400 parks, with the 260-acre Fair Park the largest.
Entertainment options in the city are nearly endless, with an art district, museums, theaters, a zoo, shopping centers and districts, a symphony and much more. The city is the site of the State Fair of Texas each year at Fair Park, and is also home to the Red River Shootout, the annual football game between rivals the University of Texas at Austin and the University of Oklahoma. The University of Texas Southwestern Medical Center at Dallas is one of the largest medical facilities in the country, with a complex made up of several hospitals.