Life in Flower Mound, TX
Flower Mound, TX is small city centrally located in the DFW metroplex. Its direct neighbors include Roanoke, Lewisville, Grapevine, and Keller. The city received its name due to the 12.5 acre mound that is about 50 feet high located in the center of the town.
The city was originally the home of religious camps, but in 1850 residents began to move to the area. Fast forward to more recent history, and the opening of the DFW Airport attracted an even larger population, growing the city substantially.
The majority of the south border of Flower Mound runs along the shore of Grapevine Lake, which provides the perfect location for outdoor activities such as camping, swimming, and sailing. The city also has multiple trails, including bike trails, hiking trails, and equestrian trails located within the city limits.
Property Management in Flower Mound, TX
At LEAP Property Management we understand the difficulties faced by landlords in Flower Mound, TX. That is why we provide a full range of services designed to take the burden of property management off of the landlord. These services include tenant placement, 24-hour maintenance, rental agreement enforcement, property inspections, and more.
Flower Mound, TX, which was recently named one of the best suburbs in Texas by D Magazine, is an incorporated town that falls in both Denton and Tarrant counties. It is in the midst of major economic growth, claiming the #2 spot on Time Money’s “Best Place to Find a New Job” list in 2014. It is a desirable destination for professionals and a prime market for real estate investors considering property management.
Flower Mound is situated next to Grapevine Lake, an 8,000-acre lake in the DFW area, and a popular destination for outdoor activities. It is located just four miles from Dallas Fort Worth airport.
History of Flower Mound, TX
Flower Mound was founded in the 1840s, when local Presbyterians established a camp in the area. The population began to grow outside of the religious camps in the 1850s, though the area drew very few residents for decades. Notable happenings during the early days include the establishment of the Flower Mound Presbyterian Church in 1854.
Flower Mound wasn’t incorporated until late in life, in February 1961. The town voted for incorporation to avoid being annexed by the nearby City of Irvine. The town remained small, with only 1,685 residents in 1970. A planned project to develop and grow the town with $18 million of federal loan guarantees (dubbed “Flower Mound New Town”) fell flat when residents protested. It wasn’t until the construction of the Dallas Fort Worth Airport in 1974 that Flower Mound saw rapid growth in its residency.
Between 1980 and 1990, it nearly quadrupled in size, growing from 4,402 residents to 15,896. By the year 2000, the population had grown to well over 50,000 residents, averaging a 13% increase in population per year through the ‘90s and making Flower Mound the 10th fastest-growing community in the United States. Flower Mound moved into the ninth fastest-growing spot in the nation from 2000 to 2002 and continued to grow by approximately 5% each year through to 2005.
Population of Flower Mound
As of 2014, Flower Mound, TX had a population of 69,650, up from 64,669 in 2010. The population is split neatly down the middle in regards to gender, with 50.5% of the population being female and 49.5% male.
Flower Mound is not the most diverse area in Texas, with 76.4% of residents identifying as Caucasian. The rest of the population is made up of Asians (8.6%), Hispanics (8.6%) and African Americans (4%), with Native Americans and residents identifying with more than one ethnic group making up less than 3% of the population.
The median resident age is 40.7 years, more than six years older than the median resident age of 34 in Texas. Both the affluence and small-town feel of Flower Mound tend to attract a bit of an older crowd – in fact, more than 55% of the population is over the age of 35.
Flower Mound is one of the wealthier suburbs in the Dallas Fort Worth Area. The median household income was $116,898, more than double the $51,704 median household income for the state of Texas. The higher income relative to the rest of the state is partially due to the high education levels; of the adult population, 85% has had post-secondary education.
Flower Mound is known for providing a high quality of living, and is home to a wide variety of households, including families and retired individuals. The relatively quiet suburban location makes it ideal for those looking to get away from the bustle of the city, without losing the easy commute to both Dallas and Denton that Interstate 35 provides.
Flower Mound Weather
Flower Mound has weather typical of the Dallas Fort Worth area, with hot and humid summers giving way to cooler winter months. The hottest temperatures of the year fall in August, with average temperatures of 95 degrees. The earlier summer months of June and July are only slightly cooler, with average highs of 90 and 93 degrees. The average temperature in the winters falls in the 50s, and the coolest temperatures of the year fall in January, with an average high of 55 degrees.
Flower Mound typically gets 34 inches of rain per year, only slightly lower than the national average of 37 inches. The area doesn’t see much snow due to its relatively high winter temperatures, with an average annual snowfall of just two inches.
Flower Mound Education
Flower Mound, TX boasts one of the most recognized and respected education systems in the Dallas Fort Worth area. It is primarily served by the Lewisville Independent School District, which serves over 52,000 students. LISD, which encompasses over 127 square miles, has 38 schools that are categorized “exemplary” and 20 that are categorized “recognized” by the Texas Education Agency. LISD also holds six National Blue Ribbon Schools within the district, which is the highest distinction an educational institution can receive from the United States Department of Education. There are also small pockets of the town that are serviced by the nearby Argyle Independent School District, Denton Independent School District and Northwest Independent School District. Between the four districts, there are 25 schools in operation: fourteen elementary schools, six middle schools, two campuses for 9th and 10th graders, two high schools and one alternative campus.
In addition to primary and secondary education, Flower Mound is also within 50 miles of 48 colleges and universities, including Texas Woman’s University and University of North Texas in nearby Denton. Flower Mound is also the home to a large extension campus of North Central Texas College, which has over 2,000 enrolled students.
Flower Mound, TX Real Estate
Despite its humble beginnings, Flower Mound has become a destination market for affluent Texans, and real estate values have been drastically increasing each year. Therefore, this is a prime time for investors to purchase and pursue Flower Mound property management.
The estimated median home price (for both houses and condos) was $265,000. That’s more than double the median home price in Texas in 2013, which was $132,000.
Making an investment in real estate and property management in Flower Mound, TX is a safe investment strategy for real estate investors. The reliable population growth, solid economic and job growth, proximity to Dallas and Fort Worth, and the rapid appreciation of real estate (Flower Mound property values have appreciated nearly 12% in the past year alone) make it an overall attractive – and safe – long-term opportunity for investors.
Flower Mound also holds a significant “small-town” appeal for buyers and renters alike. The town is home to 54 public parks and recreational facilities, and offers over 35 acres of paved hiking, biking and equestrian paths for its residents to enjoy. It was also voted the Safest City in Texas by Neighborhood Scout, ranked safer than 74% of American cities. Moreover, the City-data crime index (which compares incidents of crime to total population) is 69-70% less than the national average of 236, adding to the town’s long-term appeal.
Economy in Flower Mound, TX
The economy in Flower Mound, TX is thriving. As of 2015, the unemployment rate is 3.1%, which is 1.3% lower than the average unemployment rate in Texas and 3.2% less than the national unemployment rate of 6.3%. Recent job growth is at 3.43%, similar to surrounding cities in the Dallas Fort Worth area but significantly higher than the national average of 1.18%. Job growth over the next ten years is projected at 43.1%, which is 7% higher than the projected 36.1% national job growth over the same time period.
The top industries in Flower Mound include business and management, engineering, and community and social services. According to the city’s official website, the top employers include CTDI (Communications Test Design, Inc), Lewisville Independent School District, MI Windows and Doors, Texas Health Presbyterian Hospital and Stryker Communications.
The robust job growth, short distance to the Dallas metro area and abundance of job opportunities all add to the city’s attractiveness to investors interested in property management.
Other Noteworthy Facts About Flower Mound, TX
Here are a few other noteworthy facts about Flower Mound:
- It ranked ninth in the country in 24/7 Wall St.’s “America’s 50 Best Cities to Live” poll. It was also the highest-ranking city in Texas on the list.
- It has been recognized by the National Arbor Day Foundation as a Tree City USA for 20 consecutive years.
- The Scenic City Program recognized Flower Mound as a Platinum Scenic City, an honor given to only seven municipalities in the state of Texas.
- It was recognized as Number 1 in Texas and Number 12 in the nation on CNN Money’s “Top Earning Towns” list in 2014.
- From 2010 to 2014, it was recognized as the “Best City or Town to Raise Children” by North Texas Child Magazine.
- It received a Gold Medal Award for Excellence in Parks and Recreation Management by the Texas Recreation and Park Society for its commitment to its Parks and Rec programs.
Looking for Flower Mound Property Management?
If you’re considering to purchase property, Flower Mound is a solid choice to explore investment options. The suburb’s small-town feel, proximity to Dallas and Fort Worth, and soaring house values make it an attractive option for investors interested in lucrative long-term opportunities.
Before you decide to purchase real estate, it’s important that you get a clear understanding of the market in Flower Mound and what type of property will be the best fit for your long-term investment goals.
Once you have a better understanding of the market and are ready to make an investment, you’ll want to connect with a local property management firm. Property management demands time, energy and resources, and it can be nearly impossible for investors without professional support. Partnering with a Flower Mound, TX property management company with experience in the local market can make owning your property a significantly easier and less stressful experience.
If you have any questions or would like more information about investing in the area or working with a professional Flower Mound property management company, please reach out to LEAP Property Management. Our dedication to our clients and our years of experience managing properties in Flower Mound, TX can be an asset to you throughout the investment and property ownership process.
Ready to discover how we can help make property management in Flower Mound simple? Contact us today by filling our online form or giving us a call at 888-657-3033.