Which Are The Best Neighborhoods In Dallas Texas?
So, you’re thinking of moving to Dallas TX. We don’t blame you! The city of Dallas has dozens of compelling incentives that might cause you to consider making your home there, from its low crime rates to its thriving housing market and vibrant communities. If you’re thinking of moving here, you’re going to need more information than this, however.
You’ll probably do your fair share of research, trying to figure out which schools are best, which industries are most lucrative, and which areas have the lowest crime rates. There is one more thing you’ll probably want to know, however, before you make this your long term home: what are the best neighborhoods in Dallas TX?
Lake Highlands
On the northeastern outskirts of the city of Dallas lies what is unequivocally the nicest neighborhood in the city: Lake Highlands! This beautiful area lays claim to some of the most attractive selling points of any neighborhood in Dallas, with excellent schools, exceptionally low crime rates and a very attractive median home price and property appreciation rate. It’s perfect for homebuyers of all budgets!
Homes in Lake Highlands vary widely in architectural style, but generally share the common characteristics of those in many other neighborhoods across the state of Texas. Wood frame homes are among the most common in the area, along with brick or concrete block homes.And, with a median home price of just over $200,000, you won’t have to overspend to move here!
Deep Ellum
If you’ve got a larger budget and want to be right in the heart of the artistic community of Dallas, Deep Ellum has just what you’re looking for. With a history that goes back decades and includes famous figures such as Blind Lemon Jefferson and Bessie Smith, you won’t have any trouble immersing yourself in the cultural environment of this beautiful neighborhood.
Moving to this neighborhood will cost you a substantial amount of money unless you find an exceptionally good deal, considering the area’s $899,000 median home price. In spite of (or perhaps because of) its unusually high median home price, homes in the area are exceptionally luxurious and expansive.
Preston Hollow
For those with even larger budgets, there’s one place that is sure to provide you the distinction and sophistication that you surely want: Preston Hollow! This beautiful neighborhood has a very high median home price, but appreciation rates are high and property values are exceptionally stable. It’s the ideal neighborhood for those who enjoy the finer things in life!
With a staggering $2.1 million median home price, real estate in this area is generally regarded as being among the most expensive and desirable in the city. Homes in this neighborhood are on average more luxurious and opulent than any others you’ll find in the city, with mansions and manors lining each and every street.
Conclusion
If you’re thinking of making the city of Dallas your home, you can rest assured that there are plenty of great neighborhoods to choose from. To learn more about these neighborhoods, you’ll want to get in touch with one of the real estate agents in Dallas TX and see what’s on the market. Before you know it, you might be moving into a home that suits your needs perfectly!
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Also known as “cap rate” or “income yield”, Capitalization Rate is a useful way to compute the rate of return on a real estate investment. It is commonly used in the ...
Also called negative leverage. The interest rate on the obligation exceeds the return rate on the real estate investment. As a result losses are magnified. ...
Spread between girders or heavy walls. ...
Writ issued by a superior court to a lower court requiring the latter to produce a record of the proceedings of a particular case. The purpose of a writ of certiorari is to review the ...
Landowner's legal right to the water found on his property. For example, there might be a stream of water adjacent to the land. The water might be used for irrigation or other purposes. ...
Same as term graduated lease: A rental stipulation a varying rental rate. Rental rate are determined tied to periodic appraisals or an inflation or an inflation index. The provision is more ...
Geographic location where a court action and trial takes place. The legal proceedings should occur in the place where jurisdiction applies. A "change of venue" may occur in a criminal ...
The portion of a structure providing the primary ground support. Foundations have a foundation wall forming a permanent below grade retaining wall. All modern foundations rely on concrete ...
Owner of real property who gives another the right to use it in return for rental payments. The three types of leases for the lessor are the direct financing lease, the sales-type lease, ...
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