Tyler Renaissance

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COLLEGE STATION – ​Tyler has been a busy area for real estate development in recent years. South on Broadway Ave. there is plenty of new commercial development. Formerly wooded areas are now major shopping venues, and the housing market is booming with single- and multifamily permits on the rise.

"Much of the housing activity has been in the southern half of Smith County between SH 31, which splits Tyler north and south to the county line at Bullard," said Real Estate Center ​​​Senior Data Analyst Joshua Roberson. "Communities in between, such as Flint and Whitehouse, have seen such activity as well. Residential sales in ZIP codes 75701, 75703, and 75762 have been the most active with strong year-over-year growth especially in ZIP code 75757. In 2016 the 249 home sales through the MLS were almost a 25 percent jump compared with 2015. As of second quarter this year, each of these ZIP codes was on pace to match or exceed 2016 levels."

Downtown Tyler has undergone a redevelopment renaissance. Old and derelict buildings have been revived, breathing new life in an area formerly confused for a ghost town. Money has poured into development projects near the federal courthouse, including mixed-use commercial and urban-style residential housing. Newer amenities have sprung up in the downtown area including coffee shops, microbreweries, restaurants, and art and culture venues. Downtown has become a major draw for millennials as a place to work, play, and live. Based on the most recent census bureau estimates, the downtown area contains one of the highest population concentrations between ages 25 and 34 for all of Smith County. 

"Housing outside the downtown area is also robust. ZIP code 75703, directly south of downtown, is the second most active with over 600 homes sold each​​ of the past two years," said Roberson.

For more information about Tyler housing, read the Real Estate Center’s new housing report.

To read more about downtown revitalization, check out ​​our latest article, "This Old Loft: Downtown Living in Small Town Texas."​