Housing Growth Still Booming

MED-Housing-Growth-Still-Booming.jpgAccording to the most recent School District Strategies report, residential construction activity doesn’t show any sign of letting up in the Midlothian Independent School District. The report indicates builders started 223 and closed 153 new homes in the district during the first quarter of 2017. This represents the most starts in a quarter in more than 6 years and the most closings in a single quarter since 2008.

The five top-producing new subdivisions in Midlothian ISD were McAlpin Manor, Parkside Estates, Coventry Crossing, Lawson Farms, and The Grove.

MISD encompasses 112 square miles and has two high schools, two middle schools, and seven elementary schools. Future schools are on the drawing board.

Other highlights from the first-quarter 2017 SDS report:

  • Builders started construction on 647 new homes in the district over the past 12 months.
  • Developers delivered 823 new single-family lots in MISD over the past year.
  • MISD is projected to average 645 new homes per year through the 2018-2019 school year and 705 homes over the next 5 years.
  • Midlothian ranked 19th in total new home closings over the past year compared to the other 86 DFW school districts.
  • The district’s median new home price is currently $332,195.
  • 53 percent of the district’s new home starts are located in subdivisions with average base pricing over $300,000.
  • MISD has a total of 1,224 vacant developed lots on the ground as of March 2017.
  • There are 919 future lots under development in MISD (most since 2003).
  • Total PK-12 MISD enrollment is currently 8,443.
  • Projections suggest enrollment could increase to more than 13,000 students by 2025.

By all accounts, the Midlothian community is on a steady path of exciting progress. Watch for more developments!

Together, these facts point to a community that continues to lead in positive residential growth and is building the home infrastructure that supports both retail development and advanced industrial development. Great things are happening here!

Click here to view the full 1st quarter, 2017 MISD District Housing Activity Report

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