Investment Property Tyler Texas

East Texas Life

Tyler, Texas is considered the advanced manufacturing, health care, educational, and retail center of East Texas. We offer companies a quality, centrally located, middle market location with many of the advantages of a major market. The economy is diverse and the area offers abundant and low cost labor, land, and buildings.

Tyler is part of the Tyler Metropolitan Statistical Area (MSA) which includes all of Smith County, Texas. Tyler/Smith County is strategically positioned just 90 miles east of Dallas/Fort Worth, 90 miles west of Shreveport, LA, and less than 200 miles north of Houston. Both Shreveport and Houston have international shipping facilities. Tyler has excellent interstate and U.S. Highway systems with I-20, U.S. 271, and U.S. 69, and four major state highways that provide efficient and economical transportation to all destinations.

The City of Tyler has experienced significant growth over the last several years. The latest 2006 Census projections estimate the Tyler MSA population at 194,635 and the City of Tyler at 94,146. However, according to a consulting group, Population and Survey Analysts, the City's population is now 101,106 - up from the 2000 Census estimate of 83,650.

The East Texas Council Of Governments (ETCOG) has qualified Tyler as the first Certified Retirement City in Texas. Tyler meets high standards for retiree living, such as low crime rate, affordable housing, quality health care, abundant recreation and educational opportunities. Tyler is 16th in the nation for cost of living in Retirement Places Rated: Special Millennium Edition.

Tyler offers many financial advantages as well. Sales tax is on non-essential items only, no state income tax, and property taxes are lower than the state and national average for Texas mid to large sized cities (Texas Municipal League). In fact, Tyler consistently ranks below the national average in cost of living according to the American Chamber of Commerce Researcher’s Association.

Tyler's cost of living index at the first quarter of 2007 was 91.1 of 100, and has consistently been 90-96% of the national average for the past five years. Cost of living indexes measure the relative price levels for consumer goods and services compared against the national average. The national average is always 100. Indexes below 100 indicate lower prices (less expensive) than the national average.

One of the fastest growing and significant industries in Tyler comes from our medical community. With 3 primary hospitals and vast number of supporting clinics, practices, and specialty hospitals, Tyler has become the regional medical hub of East Texas. Due to its diversity and experience, residents in the area know that they can find comfort that almost all major surgeries can be performed locally without the stressing need to travel long distances. Somewhat unusual for its size, Tyler is home to 3 colleges and universities and other educational facilities that provide a very large and talented employment pool with an advanced education.

Demand for housing in the Tyler area continues to rise as the population grows. Despite a continuing increase in the average home sale price, the cost of buying a home is still very affordable due to the low cost of living.

Information provided by the Tyler Area Chamber of Commerce

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