If you’re moving to Texas and have your eye on the Dallas metro area, you may be overwhelmed by the sheer number of neighborhoods you have to choose from. Dallas isn’t too pricey for such a huge city, but it is a bit more expensive than the rest of the state, so one way to narrow your search is by looking at cost of living, particularly home prices and rent costs. Below are some of the best affordable neighborhoods in Dallas, with some handy home price data.
Lake Highlands
Median Home Price: $266,181
Average Monthly Rent: $881 (1 bedroom), $1,075 (2 bedroom)
A large collection of subdivisions in Northwest Dallas near the Garland and Richardson suburbs, Lake Highlands features a low cost of living, a well-rated school system (the Richardson district) and a low crime rate. Families enjoy the abundance of parks and trails in the area, some leading to White Rock Lake.
Las Colinas
Median Home Price: $217,200
Average Monthly Rent: $1,316 (1 bedroom), $1,675 (2 bedroom)
Las Colinas is a mixed-use planned neighborhood in Irving, Texas, between Dallas and Fort Worth. Residents enjoy biking and walking along Campion Trail, and in various parks. It’s convenient to two airports, several major highways, and has its own light-rail transit system.
The Colony
Median Home Price: $321,200
Average Monthly Rent: $1,058 (1 bedroom), $1,253 (2 bedroom)
Just 35 minutes from downtown Dallas, The Colony started off as a large subdivision project in 1973, and has grown by leaps and bounds since, adding multicultural dining options, a top-rated school district, and lots of beautiful parks. One natural highlight that attracts visitors is Lewisville Lake, created in the 1920s and later expanded. It was developed as a reservoir but is now the site of many recreational activities such as boating, fishing, and swimming. The lake now has six marinas and three restaurants.
More Resources:
D Magazine (that’s D for Dallas) has more information on Dallas neighborhoods here https://neighborhoods.dmagazine.com/
BestPlaces.net has a handy cost of living map of the Dallas Ft Worth metro area here https://www.bestplaces.net/cost_of_living/city/texas/dallas
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