Temple is a city in the state of texas with a population of roughly 82,576. It is in Bell County, Texas the Killeen-Temple, TX core-based statistical areas (CBSA), Its Zip codes include 76508 ,76501 .
Real estate in Temple, TX is a hot commodity. The city has seen an influx of new residents and businesses in recent years, which has led to an increase in demand for homes and commercial space. There are a number of factors that have contributed to this trend, including the city's proximity to Dallas and Houston, its strong economy, and its growing population.
Temple is located in Collin County just north of Dallas. The city has a population of over 100,000 people and is home to several major corporations, including ExxonMobil and AT&T. It is also the location of the University of Texas at Arlington, one of the largest universities in Texas.
The city's economy is based largely on its proximity to two major metropolitan areas: Dallas and Houston. As such, there is a high demand for housing and commercial space within Temple's boundaries. This demand has led to an increase in prices for both types of property; residential properties have seen an average price increase of 25% over the past five years, while commercial properties have seen an average price increase of 50%.
One reason for this increased demand is Temple's strong economy; according to Moody's Analytics, the city had one of the highest job growth rates in Texas between 2010-2015. Additionally, Temple has seen significant investment from businesses within its boundaries; according to CBRE Research Inc., there are currently more than 1,500 companies operating within the city limits. This investment has led to increased employment opportunities and higher wages for workers in Temple; as a result, there is high demand for housing that can accommodate these employees.
Another factor contributing to increased real estate prices in Temple is its growing population; according to Uptown Magazine (a publication focused on urban neighborhoods), the population growth rate for Collin County was 5% between 2010-2015 – significantly higher than the national average (2%). This growth has driven up demand for housing not only within Temple itself but also nearby cities such as Plano and Mc Kinney – both cities have seen increases in their real estate prices due to increased interest from buyers looking into purchasing property near Temple.
Price Index: Killeen-Temple, TX