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
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The term adverse possession is a legal principle that allows a person who resides on another person’s land or possesses another person’s land to get a title for that land. There ...
The use of borrower funds by people or business to increase the return on an investment. Examples are a mortgage to purchase real estate and buying real estate stock on margin. ...
An individual legally fit and able to undertake an activity or function. ...
In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rate. A statistical measure stated as ...
Contract that intends to convey property form one individual to another but is defective in one respect. ...
Mortgage loan where for a slight increase in the monthly payment, the loan can be paid off in only 15 years, The overall savings in interest paid to the lender over the life of the 15-year ...
A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortgage loans for major projects. ...
Amount invested in property in cash. ...
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