Dallas, Texas, is a city that’s growing fast. The population has increased by more than 5% over the last five years and continues to grow.
The current population of Dallas, TX, is 1,336,347. That means more people are looking for homes and apartments in Dallas. In fact, there’s such a demand for housing that there are more than 20 neighborhoods where you can find great places to live, shop, dine, and play, all within walking distance.
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Factors That Make a Neighborhood Desirable
A neighborhood’s desirability is determined by several factors. These include location, access to public transportation, schools, and shopping. Nightlife and public parks are also important considerations when looking for a new home. If you’re interested in living near lakes or other recreational facilities, that should also be considered.
The location of your home will determine how far you have to commute each day, and this can make all the difference when it comes time for dinner after work or school events on weekends. The farther away from work or school that someone lives, the less likely they’ll be able to get there quickly during rush hour traffic jams.
Dallas, TX, Housing Market Overview
The Dallas-Fort Worth Metroplex is home to over 7 million residents and has been growing at an annual rate of 2%. As one of the fastest-growing cities in America, it’s no wonder that so many people are looking for homes here.
The average house price in December 2022 in Dallas was around $402,000. There was a 5.2% increase in year-over-year pricing. This shows that the Dallas housing market is growing steadily. Hence, many new and upcoming neighborhoods are being built in Dallas.
Up and Coming Neighborhoods in Dallas
Here are some up-and-coming neighborhoods in Dallas where you can buy a property to live an extraordinary life in the city.
Middlefield Village is a neighborhood in Dallas, TX. It’s located beside the Trinity river area of Dallas, named one of America’s best neighborhoods. Century Communities is offering single-family home plans in Middlefield Village. The company has been in business since 2002, showing its vast experience.
Additionally, the company has proven itself in the past. Having built everything from single-family plans to townhomes to paired homes across 18 US states and 45 real estate markets, Century Communities does show a lot of promise, which makes Middlefield Village likely to be successful. If you want to buy new build homes near Dallas, TX, Middlefield Village is an excellent option.
The plans available at Middlefield Village range from 1,607 sq. ft. to 2,180 sq. ft. What makes it more reliable is its prime location, which is only a few minutes away from Downtown Dallas. Also, places for dining and shopping are close by.
Uptown is one of the most walkable neighborhoods in Dallas and has an incredibly vibrant nightlife. It’s close to downtown and home to some of the best restaurants, so if you’re looking for something new, this is your spot.
The population here is diverse, with a mix of old architecture from when Uptown was first developed as an upscale residential area and newer buildings sprouting up along McKinney Avenue and Turtle Creek Boulevard. The current population at Uptown is 6,144.
If you go by ownership, 60 percent of the homes are rented, and 40 percent are owned by those who live there. Due to Uptown’s vibrant nightlife and other facilities, the median home value is more than twice that of the national average. The median house cost in Uptown is $555,146 against the national average of $244,900.
Bishop Arts District
Bishop Arts District is in North Oak Cliff, just south of Downtown Dallas. It’s known for its small-town feel, art galleries, shops, and restaurants. The neighborhood has also been featured in New York Times, USA Today, and other news sites for this small-town feel.
The area has been revitalized over the past few years with new businesses and an influx of people who want to live there. It is home to over 60 boutiques, restaurants, and other shops, making it one of the most unique and independent neighborhoods in Dallas, TX.
Bishop Arts District is one of the newer neighborhoods on this list. Still, it’s becoming popular with young professionals looking for something off the beaten path. This might be your best bet if you want something different from your typical suburban neighborhood.
West Village is a new neighborhood in Dallas between Victory Park and Uptown. It spans from Oak Lawn Avenue to Lemmon Avenue, but its main artery is McKinney Avenue. This area has become known for its retail, restaurants, and bars, as well as entertainment options like music venues and movie theaters.
Deep Ellum is a neighborhood in Dallas, TX. It is located east of downtown and west of the North Central Expressway. I-30 borders the area on the west and I-35 on the north and east.
Deep Ellum has been an entertainment district since its founding in 1911 as an industrial area supporting nearby factories. From the 1950s to 1970s, it was a focal point for Dallas’ bohemian scene with its jazz clubs, bars, and music venues.
Trinity Groves is the perfect neighborhood for anyone who loves to eat, drink and be merry.
It’s in Oak Cliff and features many restaurants, bars, and shops that satisfy any appetite, from fancy French cuisine at Mirador to more casual fare at nearby favorites like Pizza Lounge or Bolsa Mercado.
There are plenty of ways to enjoy yourself at Trinity Groves. You can grab dinner with friends before hitting one of the many bars. Grab some coffee from Local Press + Brew before exploring Bishop Arts District, stop by Klyde Warren Park on your way home from work, or stop by Deep Ellum after dinner for some live music.
Wolf Creek is a new development in North Dallas, located on the north side of the Dallas North Tollway. It has an average population of 1,000. It’s a mixed-use development with shops, restaurants, and apartments all under one roof.
The area has been dubbed “Plano’s next big thing” by some real estate professionals because it’s close to downtown Plano and has easy access to Highway 75 and other major highways leading into nearby cities like Allen and Richardson.
There are two Wolf Creek locations, one at 2900 Coit Road, where you can find retail stores like Z Gallerie, and another at 1201 Parkway Blvd, which houses many office spaces, including law firms such as Bryan Cave LLP.
Victory Park is a neighborhood in Downtown Dallas, TX. It is located within the city’s Uptown District. It is bounded by Olive St. on the north, Woodall Rodgers Freeway on the east, Interstate 35E on the south, and Turtle Creek on the west.
The neighborhood comprises three new high-rise residential towers built over an existing parking structure with office space and street-level retail shops. This includes restaurants such as Eddie V’s Prime Seafood Restaurant & Bar, Del Frisco’s Grille New York Style Steakhouse & Bar, The Joule Hotel, and many other high-end retailers.
We hope that this information is helpful for you in deciding where to live in Dallas. We know how difficult it can be to find a good neighborhood, so we’re happy to help.