{"id":30960,"date":"2022-04-27T09:09:03","date_gmt":"2022-04-27T16:09:03","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=30960"},"modified":"2023-12-27T13:45:37","modified_gmt":"2023-12-27T21:45:37","slug":"buyer-best-neighborhoods-in-dallas","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-best-neighborhoods-in-dallas\/","title":{"rendered":"The 5 Best Neighborhoods in Dallas: From Suburbs to Downtown"},"content":{"rendered":"

Dallas, Texas, is a vibrant city with a thriving Arts District, major league sports, and top-notch colleges and universities. It was No. 4 in the nation for job growth<\/a> as of the end of 2021, adding jobs in the technology, financial services, and defense industries. It\u2019s no wonder the area\u2019s population has been growing steadily over the past decade, with 120,000 people moving there in 2020 alone<\/a>.<\/p>\n

If you\u2019ve been lured to Dallas by the culture and great job market, or have lived there for years and realize that now it\u2019s time to buy a house<\/a>, you\u2019ve probably got a wishlist. Maybe you want to find a family-friendly neighborhood with parks and great schools, or you\u2019re single and looking for great restaurants and nightlife. While you can find it all in Dallas, you need to know where to look for your particular version of \u201cit all!\u201d<\/p>\n

We talked to agents, dug into research, and examined the numbers to identify the best neighborhoods for different types of buyers in Dallas.<\/p>\n

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Affordable, family-friendly, good for retirees: Richardson<\/h2>\n

To find affordable family housing, you\u2019ll have to look a little further outside of Dallas proper. Richardson, a suburb known as the \u201cTelecom Corridor\u201d due to the presence of offices for technology companies like Verizon Business and Nortel, has a median home price of $417,000<\/a> as of April 2022.<\/p>\n

Apartments and condos<\/a> in Richardson typically have two bedrooms and two bathrooms, whereas homes have between three and four bedrooms with multiple bathrooms.<\/p>\n

Kathy Murray<\/a> is a top Dallas<\/a> agent, selling 13% more homes than other agents in her area. According to her, \u201cThere\u2019s a lot of older homes in Richardson, many of them are one-story and smaller,\u201d and she says that retirees who want to downsize oftentimes move into those. The median monthly rent is $1,403, and there\u2019s a larger population of renters in Richardson (41%<\/a>) than in other neighborhoods on this list.<\/p>\n

The suburb has excellent schools<\/a>. According to A.J., a Dallas resident for 18 years, \u201cRISD schools have long been a good selling point. The Richardson area is more of a suburb-based area with lots of yards.\u201d But there\u2019s plenty of other outdoor space, too.<\/p>\n

Breckenridge Park has more than 400 acres that include trails, playgrounds, soccer and softball fields, and three ponds, and there are 38 other parks in Richardson. These parks have five swimming pools and several baby pools, as well as facilities for basketball, baseball, and soccer. There\u2019s no shortage of ways to keep your kids busy!<\/p>\n

Richardson is also a great area for retirees \u2014 according to the last census 14.5% of the population is over age 65<\/a>, and it\u2019s rated No. 5 on the list of best cities to retire in America<\/a>. It\u2019s easy to downsize to one of the modern condos or cute bungalows in Richardson. Retirees who are avid golfers can enjoy access to the Sherrill Park Golf Course and Canyon Creek Country Club and still get out to local arts and music festivals.<\/p>\n

Dining options include the Alamo Drafthouse<\/a>, where you can chow down on a chili dog and watch a movie, or grab a beer at one of the many bars and grills. Residents can hop on the DART light rail system<\/a> and reach downtown Dallas in just 20 minutes \u2014 easy for commuters, young parents, or retirees wanting a taste of the city.<\/p>\n

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Family-friendly but pricey: Preston Hollow<\/h2>\n

If you\u2019re prioritizing family-friendly, consider Preston Hollow. Homes in this area have bigger lots, perfect for swing sets. The area is near more than 30 private schools and excellent public schools<\/a>. But it\u2019s not cheap \u2014 the median list price is $1.7 million<\/a> as of April 2022.<\/p>\n

Murray says that, \u201cthere\u2019s a lot of great architecture and styles available,\u201d in the Preston Hollow area, and that \u201cIt\u2019s also a very popular area to potentially tear down an older home and build a dream home<\/a>.\u201d<\/p>\n

The majority of residents of Preston Hollow own, rather than rent<\/a>. It\u2019s very difficult to find monthly rent less than $1,500 a month, with 48% of renters paying more than $2,000 a month.<\/p>\n

Most homes have between three and six bedrooms with a minimum of three baths, which fits a large family and gives the grandparents space when they come to visit. The square footage in condos ranges between 1,500 and 3,000 square feet, whereas single-family homes have anywhere between 3,000 and 12,000 square feet. Murray says that the difference in square footage in the housing stock depends on whether the home is older<\/a> or has been torn down and rebuilt.<\/p>\n

Older homes in this area, built in the 1920s and 1930s, have a stately appearance. Because it\u2019s an older part of the city, yards back up to the streets, and there are few sidewalks.<\/p>\n

The neighborhood has more than 16 parks with playgrounds, softball fields, tennis courts \u2014 many within walking distance of homes. Need to cool off on a hot day? Average temperatures hover above 90 degrees in the summer months<\/a>, so you\u2019ll be glad that you have access to 15 public and private swimming pools. Or, you can find some shade under the massive, old oak trees that line many streets.<\/p>\n