Montgomery County is still growing like a wild fire and is positioned well for future increases in real estate values as a result. New developments are popping up everywhere, from the new Kroger Marketplace to the Grand Central Park in Conroe, and many smaller businesses as well, like Longview Greens in Montgomery.
The increase in commercial development is coinciding with population growth in Montgomery County that is leading the nation. According to the US Census, Conroe was the fastest growing large city from July 1, 2015 – July 1, 2016 with 7.8% growth! The city of Montgomery is growing quickly as well, with about a 9% growth rate in zip codes 77356 and 77316 from 2010 – 2015.
When you take these facts into consideration, and add Lake Conroe to the mix, you have the makings of a great market to invest in for the long term. Lake Conroe is an anchor for real estate values due to its desirability for families of all shapes and sizes to enjoy. I meet people every day who are looking to buy land on or near Lake Conroe to enjoy boating, fishing, skiing, wildlife, and a slower pace of life. Just this morning, I spoke with a gentleman who said he’s “never lived on a lake, but always wanted to and it’s time to make it happen.” There are many people like that, and it’s that kind of draw that will make Lake Conroe a desirable place to live for generations to come. That’s good news for property values and makes Lake Conroe an excellent place to buy a home!