Considering a Move Within Dallas? Explore Our Best Dallas Neighborhoods Guide
Welcome to our Best Dallas Neighborhoods Guide, your premier resource for navigating the top living spots within the vibrant city of Dallas. This guide is meticulously crafted to highlight the unique attributes and advantages of the top 3 best Dallas Texas neighborhoods. Through the Best Dallas Neighborhoods Guide, gain valuable insights into each area’s lifestyle, amenities, and community vibe. Continue reading as we assist you in finding the neighborhood that not only meets but exceeds your standards for the ideal home.
Introduction to Top 3 Best Dallas Texas Neighborhoods
Embarking on a journey to find your ideal spot in Dallas? Let our comprehensive guide lead you through the city’s premier residential areas. This section illuminates the unique characteristics and benefits of each top-rated neighborhood in Dallas, aiding you in selecting a locale that not only meets but elevates your living standards.
The cost of living in Dallas might be 2% higher than the national average, but it’s the most affordable place compared to other metro cities. So leaving all additional information aside, let’s dive right into discussing the details of top neighborhoods in Dallas.
M Streets & Lakewood: Premier Choices in the Best Dallas Neighborhoods Guide
M Streets & Lakewood, nestled in the Lower Greenville Old East Dallas area, are ideal for those seeking a walkable neighborhood with parks and stylish homes. The Best Dallas Neighborhoods Guide points out that these neighborhoods blend historic charm with modern living, making them a top choice for relocation.
You’ll get a walkable neighborhood, parks, and nice but expensive homes if you wish to relocate here. It’s a mature Dallas neighborhood with a combination of old small houses built in the 1920s and large modern homes built in the current century.
Looking at the map, you’ll find that M Streets & Lakewood goes to 75 East Highway, which connects with White Rock Lake. From there, it goes straight to La Vista or Henderson Avenue North to Mockingbird.
M Streets & Lakewood are the oldest Dallas areas bordering White Rock Lake, a thousand-acre lake located in the middle of the city. The lake is situated about five miles from Downtown Dallas.
Outdoor recreation opportunities
This neighborhood is an ideal destination for those who love the outdoors. The most appealing aspect is its wealth of outdoor activities.
Firstly, a nine-mile-long trail around the lake connects to a 160-mile urban trail network. This makes it one of the best spots for cycling and jogging. Additionally, White Rock Lake Park is not just a local favorite but arguably the most popular park in Dallas.
Moreover, lower Greenville Avenue features three to four small commercial areas. These provide entertainment options for city dwellers. You’ll find numerous coffee shops, bars, and restaurants within walking distance. They offer live music and exotic cuisine, and fortunately, parking hassles are minimal.
For nature enthusiasts and those with an artistic bent, M streets and Lakewood are top choices. Furthermore, you’ll enjoy close access to Prairie Creek Park in Canyon Creek South, the Northeast Dallas area. Plus, arts centers in nearby Dallas neighborhoods are easily accessible.
Great education opportunities
What binds these neighborhoods in Dallas is the combination of natural beauty and access to the urban amenities in the city center. They also have the best public schools in the Dallas ISD.
Living in Lakewood & M streets, you’ll also have access to the Southern methodist university in Unversity Park, which is just a 6-8 minutes drive via Mockingbird Lane.
Housing options in M Streets
In the M Streets & Lakewood, you’ll get many choices as far as home styles are considered. You’ll find everything from remodeled traditional craftsman bungalows to tear-downs, modern and trendy builds. Many houses you’ll see tie into the style of this neighborhood, depending on their street location.
The median home value in M Streets is around $700,000 for houses spreading at 6-7 acres. Older homes built in the 1920s and 30s are typically spread over 1500 to 2000 square feet and consist of two to three bedrooms. The old houses that are remodeled are available at an average price of $570,000.
Modern and newly built homes in this Dallas neighborhood are built around 3200 square feet and consist of four bedrooms and three bathrooms. The median home value for new homes falls around $975,000.
Housing options in Lakewood
In Lakewood, housing is notably expensive, with properties generally larger than those in M Streets. Typically, the average house in Lakewood occupies 1/3 acres, and the median home value hovers around $1.2 million. Interestingly, 64.1% of the houses are detached, single-family homes.
Furthermore, the older houses built in the 1940s and 50s usually feature three bedrooms and two bathrooms, spanning 2800 square feet. Consequently, the average price for these homes stands at about $1 million.
In recent years, several older houses were demolished and replaced. Now, these properties average 4400 square feet, offering four to five bedrooms and three to four bathrooms. As a result, the average price for a remodeled house is approximately $1.75 million.
Preston Hollow & Midway Hollow: Luxury Living as Featured in the Best Dallas Neighborhoods Guide
As we explore further in the Best Dallas Neighborhoods Guide, Preston Hollow and Midway Hollow emerge as neighborhoods that blend suburban comfort with luxury living. Their strategic location provides access to prestigious schools and high-end amenities, making them standout choices in our guide.
Preston Hollow is bordered by the University Park city on the South. It has a dense suburban feel but is still one of the best luxurious places to live in Dallas, Texas. Also, the residents have access to the most prestigious private schools in Dallas.
Preston Hollow extends from Hillcrest Way to Midway. It then stretches to North West Highway Royal Lane on the North Dallas Tollway.
Conversely, Midway Hollow lies from Midway West to Marshland. It extends to Northwest Highway and North Walnut Hill. Close to Preston Hollow, it benefits from proximity to Highland Park and University Park. This area houses CEOs, celebrity athletes, billionaires, and a former US president.
Housing options in Preston Hollow
In Preston Hollow, you’ll find tons of houses in tens of billions of dollars. An average house covering a 6300 square feet area, including five bedrooms and three bathrooms, sits on 2/3 acres of total area. The median home value for such a home falls around $2.6 million.
Housing options in Midway Hollow
Houses in Midway Hollow mainly consist of ranch-style homes built in the 1950s, with an average house covering 1600 square feet of area. On average, these houses have three bedrooms and two bathrooms. Besides ranches, you’ll also find a combination of cottages, mid-century modern houses, and relatively new homes in Midway Hollow.
In the past few years people have realized the worth of this area. The demand to relocate to Midway Hollow has been great due to great schools and proximity to Highland and University Park cities. So, people swooped down there to tear away the old houses and construct new ones. The new construction has an average of 4000 square feet of the area, including four bedrooms and four bathrooms.
You’ll still find some old ranch styles homes priced at $550,000 but they are very little in number and surrounded by new houses selling for about $1.2 million.
From the price point of view, the housing in Midway Hollow is far more affordable than Preston Highlands neighborhoods or a University park home. Moreover, it is an excellent alternative to a grander lifestyle and close to nearby neighborhoods’ best attractions.
Best areas in Midway Hollow
Clover Lane
Dunhaven
Lively Street
Rosa Road
Great schools
Besides its proximity to Preston Hollow, this Northwest Dallas area has the one of the prestigious private schools with high standards of education. Most residents prefer to enroll their children in these schools rather than in Dallas public schools because of their questionable quality of education.
Outdoor recreation
Preston Hollow and Midway Hollow are home to trendy eateries and family friendly restaurants. If you are a shopaholic, you’ll love the various shopping options offered by the village-like shopping centers.
For urban shopping, North Park Center is close by. It’s only a 6-minute drive from Preston Hollow via Walnut Hill Lane. Additionally, living here offers easy access to attractions in Bishop Arts District and Deep Ellum. Both are about 15-20 minutes away via the Dallas North Tollway.
Uptown: A Vibrant Urban Choice in the Best Dallas Neighborhoods Guide
Uptown Dallas, known for its urban vibe and high-end living spaces, is another top recommendation in the Best Dallas Neighborhoods Guide. This area is perfect for those seeking a dynamic lifestyle with easy access to shopping, dining, and entertainment.
Housing Options and Pricing in Uptown
Uptown has a combination of condos over retail centers, apartment complexes, and some grand-looking townhouses in the West Village area. Condos make up 75% of the housing options for sale in Uptown. Their pricing ranges between $200,00 and $500,000 for a two-bedroom flat-style condo.
You’ll find that location is excellent to move in. But also, keep in mind you’ll have to pay an HOA fee ranging from $300 to $1000 per month, depending on the building.
There are many lavish condos in Uptown whose price begins at $500,000 and goes up to millions. But the average price for condos in the market ranges between $200,000 to $500,000.
However, Uptown is also home to some townhouses, especially in the State Thomas area, which has a street vibe. The houses here mainly consist of three stories, with two to three bedrooms, and two and a half bathrooms. Prices of these townhouses mostly range between $500,00 to $900,000. So, if you are looking for a place located in the center of Uptown and close to retail stores with an urban vibe State Thomas will be your best bet.
Outdoor Activities and Popular Areas in Uptown
If you are moving to the Big D with your family, Uptown has a carefree and low-maintenance lifestyle. It has a walkable area, parks where kids play, and tennis courts. If you are in a mood for some live music, then Oak Lawn is just a 3-minute drive from Uptown. You’ll find great karaoke bars and DJ-driven dancing clubs there.
The Round up saloon is also 4 minutes away from Uptown Dallas. With a huge dance floor, karaoke, western music, trivia, and drag shows, it’s one of the best clubs in the world.
Mckinney Avenue, which runs North of the Downton Dallas neighborhood, is just a 3-minute drive from Uptown. You’ll find it buzzing with nightlife, upscale restaurants, and bars. It also has a free trolley that runs up and down Mckinney.
The Uptown has its own West Village like the one in New York and kind of looks like that as well. It is home to mega shopping centers and fine dining restaurants.
It is also home to Katy trail, an old train track turned into three and a half-mile trail for running and cycling.
The trail runs along Uptown to connect to the more extensive Dallas trail network. Throw in the mix a Katy trail Ice House for a cold summer beer post-workout and watch the action on the trail from their outdoor beer garden.
Best areas in Uptown
Want to relocate to one of the best neighborhoods in Dallas? Contact us.
We hope you have read our rundown on the best neighborhoods in Dallas to relocate to.
Besides these three places, Dallas has many great neighborhoods, such as Bishop Arts District, Knox Henderson, Highland Park, Kessler, Lake Highlands, Deep Ellum, etc.
But by far, we find the best place to be M Streets & Lakewood because it pretty much fits every kind of lifestyle.
You’ll find affordable established homes, tree-lined streets, up-scale restaurants, bars, hiking and biking trails, parks, and a lake.
Also, you’ll be only two and four miles away from Downtown Dallas and other neighborhoods.
But if you are still hesitant to choose one of these places, you can contact us. We’ll help you figure out which place best suits your lifestyle and where you’ll be the most happiest.
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We are a team of realtors in Dallas, Texas, helping people worldwide to choose their dream place in Dallas and its surrounding areas.
Our main goal is to cover everything about Dallas, Texas. From discussing the pros and cons of the cost of living, new construction, and schools, we wish to showcase the area for your better understanding.
