Residential surge to continue in Anna - - Texoma news, weather and sports

Residential surge to continue in Anna

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A combination of factors contributes to residential growth in Anna, Texas. (KTEN) A combination of factors contributes to residential growth in Anna, Texas. (KTEN)

ANNA, Texas -- The housing market in Anna is heating up.

Located in far northern Collin County, 20 miles south of Sherman, Anna has been named the fourth fastest-growing city in North Texas.

The Census Bureau's population estimate as of July 2018 is 14,243, an increase of 73 percent from 2010.

A study by a Dallas housing analyst shows that new residents and businesses are attracted by affordable real estate, strong schools and a well-educated workforce.

The study predicts there will be more than 6,000 homes houses built in Anna within the next five years.

Joey Grisham, the City of Anna's economic development director, said the properties are expected to sell for between $300,000 and $350,000, making them a little more affordable than home in surrounding areas like McKinney, Plano and Frisco.

"We believe we're on the leading edge of bringing that development to our municipality," Anna's Assistant City Manager Ryan Henderson said. "There's no doubt in my mind that we're going to hit that number, and honestly, we'll probably exceed it."

Residential development along the US 75 corridor will include single-family homes, multiple-family homes, and town houses.

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