Considering a move to Dallas, Texas? You’re not alone — the city gains nearly 300 new residents a day and is one of the top three cities in the U.S. for job growth. The median home price in the Dallas/Fort Worth area is $183,700, according to the Dallas Morning News, so a $300,000 housing budget can go a long way in the Dallas real estate market.
Dallas is divided into several areas: Central, East, Far North, North, Northeast, Northwest, Oak Cliff, Park Cities, Southeast, Southwest and West. Four of these areas contain the majority of home prices in the $275,000 to $325,000 price range — Northeast Dallas, Central Dallas, Northwest Dallas and Far North Dallas. Here are the neighborhoods that make up those areas and what you can buy for $300,000 in each.
Home to just over 140,000 residents, Northeast Dallas offers affordable, family-friendly living. The Richardson Independent School District is a draw, featuring several top-rated campuses, as is access to nearby walking trails and White Rock Lake. The area is dominated by the Lake Highlands neighborhood, which consists of dozens of single-family home developments.
Houses sold in this price range average 2,140 square feet, and the average price per square foot is an economical $157. At the higher end of the budget, $350,000 buys a 3,241-square-foot Northeast Dallas home with modern finishes, fantastic landscaping and its own pool and spa. There are condominiums in this area as well, but most of their prices fall well below the $300,000 price range.
While most people who buy in Dallas choose homes in the suburbs, many people are returning to downtown Central Dallas. Old neighborhoods are being refreshed and revitalized, and prices are increasing. Many of the $300,000 properties in this part of town are condominiums and townhomes. This is the most expensive of the four areas, with the median home price averaging at 90 percent higher than other Dallas neighborhoods.
For $250,000, homebuyers can go with a one-bedroom unit in a downtown high-rise. This luxury condominium complex includes 24-hour concierge and valet parking service, a fitness center and pool, gardens, a dog run and even its own theater. It’s within walking distance of the arts district, parks and restaurants. Central Dallas neighborhoods are among the most walkable in the city and have attracted the trendiest shopping and dining options. Oak Lawn, Uptown and Roseland are popular neighborhoods in the $300,000 price range.
Far North Dallas
Far North Dallas is where buyers who want bigger homes and yards move. In fact, over 165,000 people call Far North Dallas home. Many planned developments in this area offer amenities like clubhouses, swimming pools, golf, tennis and gyms, and some even include front yard maintenance. Prestonwood is a popular community in the $300,000 price range, and has low crime rates and access to high-quality education. Far North Dallas has the best suburban life has to offer with larger homes and yards, and nearby attractions such as the Dallas Arboretum and Botanical Garden and the Dallas World Aquarium.
Northwest Dallas is in transition, and is a mix of industrial warehouse space and tight-knit, diverse communities. Its Midway Hollow and Westhollow neighborhoods are less expensive than similar nearby developments like Prestonwood, and a $275,000 budget buys a well-maintained, strategically upgraded midcentury modern ranch-style home built in 1965. Buyers who prefer single-story houses will find plenty to choose from in Dallas, as this is a very popular style.
There are homes for sale all over the city, and they come in many styles and ages. The Dallas real estate market offers a wide variety of houses, condominiums and townhomes in the $300,000 price range. When you’re ready to start your search, head to Owners.com to check out your options.
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