If you are new to our area and want to know where to find a luxury home and where to live in Dallas metro, you might want to explore where other people are living. We define a luxury home in Dallas as a home with sales price of more than $1,000,000.
You can find a good overview with in-depth reviews of the most active neighborhoods in Dallas on our website here, so this report is merely an update to see where people are now choosing where to live in Dallas.
Where To Live In Dallas
A study of our current residents is a great start in deciding where to buy a luxury home in Dallas.
What you will quickly find is that we are spread out all over the place. Thus far in 2017, people have purchased luxury homes in 74 different neighborhoods in Dallas metro area.
70 percent of all buyers chose one of the top 4 selling Dallas neighborhoods Dallas, University Park, Highland Park & Southlake. No wonder that most of these neighborhoods have very well known school districts like Highland Park ISD and Carroll ISD.
The next most popular neighborhoods - Frisco, Fort Worth, Plano, Westlake, Colleyville, McKinney and Flower Mound are all located in different parts of Dallas-Fort Worth metro area providing families relocating to Dallas plenty of opportunities to select a city that fits their lifestyle.
Deciding Where To Live In Dallas Metro
Currently, when deciding where to live in Dallas in a luxury home, more people are heading to the center than ever before. Nearly 50% of all homebuyers selected a home in the center of Dallas this year.
The number of homes for sale in Dallas, combined with historic low interest rates have allowed home buyers to enjoy the best home affordability rates in more than 10 years.
It is no big surprise they are choosing to get the most for their money, and they are choosing to live in the neighborhoods that have been most popular during recent times.
More about most popular luxury neighborhoods in Dallas
Southlake’s country estate feel and proximity to Dallas/Fort Worth International Airport have made it popular with transplants moving to North Texas. The addition of shopping and restaurants has been a big plus.
2. University Park
University Park’s proximity to Southern Methodist University and the short commute to downtown Dallas are major attractions. The city also benefits from its top-notch school district - Highland Park ISD. Highland Park High School students consistently score above the national and state average on the ACT and SAT.
3. Highland Park
Highland Park was one of Dallas’ first “suburbs” and dates to the turn of the 20th century. In 1913, Highland Park asked to become a part of the city of Dallas but was refused by its larger neighbor. The city also benefits from its top-notch school district - Highland Park ISD. Highland Park High School students consistently score above the national and state average on the ACT and SAT.
If you really want to know where to buy a home in Dallas, you should work with somebody who studies more than just school reports and transportation issues. When you combine those simple elements to a thorough real estate market report, trends emerge showing where to find the best value in the Dallas real estate market. And finding that "best value" means paying less money for more home.