Welcome to Lakewood Heights in Dallas, Texas
Lakewood Heights is a quaint neighborhood in Dallas. It combines small-town charm with proximity to the city center. At Dustin Pitts | Dallas Real Estate Agent, we know you’re seeking more than a house. You want a home that fits your lifestyle in a thriving community. We’re here to show you homes for sale in Lakewood Heights Dallas.
This neighborhood blends traditional homes with modern amenities. The median home price is $1,239,500, and homes average 28 days on the market. This indicates a healthy market. Lakewood Heights is near Old East Dallas, Oak Lawn, Uptown, Lower Greenville, and Vickery Place,
Lakewood Heights is known for its strong community. It has about 2,243 residents, averaging 37 years old. This area suits growing families and retirees. Homes here cater to various tastes and budgets.
Snapshot of Lakewood Heights Dallas:
– Median listing home price: $1,239,500
– Average days on market: 28
– Active homes for sale: 14
– Homeownership rate: 76%
– Surrounding East Dallas neighborhoods: Old East Dallas, Oak Lawn, Uptown, Lower Greenville, Vickery Place
The infographic above gives a quick market overview. Stay tuned as we explore Lakewood Heights‘ homes, understand Dallas’s real estate, and see why it could be your dream home location.
Homes For Sale In Lakewood Heights
[showcaseidx shortcode encountered an error]Understanding the Dallas Real Estate Market
When deciding to invest in a home, it’s essential to have a firm understanding of the real estate market. So, let’s take a closer look at the current state of the Dallas real estate market and ask ourselves: are homes in Dallas overpriced?
Current State of the Dallas Real Estate Market
Dallas, renowned for its vibrant culture and thriving economy, has seen a surge in its real estate market. The demand for homes in Dallas has been steadily increasing, and this trend isn’t showing any signs of slowing down. The city’s average household income is $64,849, and the median asking price for a home in Dallas is $374,000. This makes Dallas an attractive place for families and individuals alike looking to invest in real estate.
Are Homes in Dallas Overpriced?
Many potential homebuyers wonder if Dallas homes are overpriced. The RealtyHop Metro Affordability Report shows Dallas families spend about 40% of income on mortgages and taxes. This figure may seem high, but affordability varies with income and neighborhood. For instance, Garland is known as the most affordable area in Dallas’s metro.
Median House Price for Dallas Texas
As of September 2023, Dallas’s median home price was $480K, a 1.1% increase year-over-year. The price per square foot stood at $264. Homes typically sold for $397.1K. These figures show rising prices but a stable market with options for various budgets.
Dallas’s real estate market can be complex. However, with expert guidance, buying a home becomes simpler. Our team at Dustin Pitts | Dallas Real Estate Agent, excels in helping clients find homes that meet their budget and needs. We assist in finding dream homes across Dallas, including Lakewood Heights.
Next, we’ll look at homes for sale in Lakewood Heights Dallas. You’ll get insights into the home types and what this neighborhood offers.
Exploring Homes for Sale in Lakewood Heights Dallas
Dreaming of a home in Dallas? Consider Lakewood Heights. Located in East Dallas, it features various architectural styles. You’ll find everything from cozy bungalows to modern luxury homes. This variety caters to all tastes and budgets. Whether you’re buying your first home or upgrading, join us in exploring Lakewood Heights homes.
Types of Homes Available in Lakewood Heights Dallas
Lakewood Heights offers a diverse selection of homes, ensuring that every prospective homeowner finds something that meets their unique needs. Here, you can find everything from cozy two-bedroom homes to sprawling five-bedroom estates.
For instance, a recent listing on Realtor.com showcased a 5-bedroom, 5-bathroom home spanning 4,264 sqft. This showcases the upper end of the spectrum in terms of size and luxury in Lakewood Heights.
On the other hand, if you’re looking for something more modest, there are charming 3-bedroom, 2-bathroom homes such as the one listed recently on Trulia, with a living space of 2,024 sqft.
The Most Expensive Home in Dallas County
Lakewood Heights is known for luxurious homes in Dallas County. Property prices here can exceed $2 million. These upscale homes often feature gourmet kitchens, wine cellars, and resort-style pools.
A recent Trulia listing highlights this luxury. It shows a 4-bedroom, 5-bathroom home priced at $2,199,900. With over 4,000 sq.ft of space, it represents Lakewood Heights’ high-end living.
The Most Affordable Homes in Lakewood Heights Dallas
Lakewood Heights isn’t just for luxury homes; it suits various budgets. First-time buyers and budget-conscious buyers can find homes under $1 million.
A recent Trulia listing highlights this affordability. It featured a 3-bedroom, 2-bathroom home priced at $734,000. Lakewood Heights thus provides affordable entry points into the Dallas real estate market.
We at Dustin Pitts | Dallas Real Estate Agent, know finding the right home can be challenging. Whether you seek a luxury mansion or a cozy starter home, we’ll guide you through Lakewood Heights’ options to find your ideal property.
The Buying Process in Lakewood Heights Dallas
Buying a home, especially in a sought-after area like Lakewood Heights, Dallas, is a process that requires careful planning and a clear understanding of the real estate market. But don’t worry, we’re here to guide you through every step of the way.
How to Navigate the Buying Process
The first step in the home buying process is understanding your budget. Get pre-approved for a mortgage before starting your home search. This will give you a clear idea of what you can afford and will streamline the buying process .
Next, define your needs and wants in a home. Make a list of essential features, and be willing to compromise on non-essential items. Research the neighborhood and visit at different times of the day to get a comprehensive understanding of the area.
Once you’ve found a potential home, conduct a thorough inspection. Consider hiring a professional home inspector to identify any possible issues with the property. Also, think about the future resale value and potential for appreciation when evaluating homes.
Importance of a Good Realtor in the Buying Process
A skilled and knowledgeable realtor can be your greatest asset when buying a home. They can provide valuable insights about the Lakewood Heights real estate market and guide you through the entire buying process.
How Dustin Pitts Can Help You in the Buying Process
Dustin Pitts, a seasoned Texas real estate broker, has guided many to their dream homes in Dallas. He’s well-versed in the Dallas market and offers expert advice to buyers.
Whether you’re a first-time buyer or upgrading, Dustin can streamline your search in Lakewood Heights Dallas. He helps assess financial capabilities, guides through inspections, and supports until closing and beyond.
Buying a home in Lakewood Heights Dallas is exciting with the right help. Dustin Pitts ensures a confident and informed home buying journey, leading you to your ideal home in this vibrant area.
Financing Your Home in Lakewood Heights Dallas
Finding your dream home in Lakewood Heights Dallas is one thing. Financing it is another. In this section, we will help you understand the financial aspects of buying a home, including mortgage and property tax payments. We’ll also provide some tips on how to secure a good mortgage deal in Dallas.
Understanding Mortgage and Property Tax Payments in Dallas
Homebuyers in Dallas face two main costs: mortgage and property tax. The mortgage is your monthly loan repayment. Property tax, paid to the local government, is based on your property’s value.
The median home price in Lakewood Heights Dallas is $1,239,500. This figure helps estimate your mortgage payments. Actual payments vary with your down payment, interest rate, and loan term.
As for property taxes, Dallas County has a relatively high property tax rate. The exact amount will depend on the assessed value of your home and the tax rate in your specific area.
Tips for Securing a Good Mortgage Deal in Dallas
Securing a good mortgage deal is crucial for making your dream of owning a home in Lakewood Heights Dallas a reality. Here are some tips to help you get the best deal:
- Improve Your Credit Score: A higher score usually means a lower interest rate, reducing your loan’s lifetime cost.
- Save for a Large Down Payment: Paying more upfront means borrowing less, which lowers monthly payments.
- Shop Around: Don’t just go with the first lender you find. Compare rates and terms from multiple lenders to find the best deal.
- Consider Different Loan Types: Conventional loans aren’t the only option. Depending on your situation, you might benefit from an FHA loan, a VA loan, or other types of mortgages.
- Work with a Knowledgeable Real Estate Agent: A knowledgeable agent guides you through home buying and the mortgage process.
At Dustin Pitts | Dallas Real Estate Agent, we have extensive experience helping homebuyers secure the best mortgage deals. We understand the Dallas real estate market and can provide expert advice tailored to your specific needs and circumstances.
Remember, buying a home is a major financial commitment. Make sure you understand all the costs involved and have a plan to manage them. If you have any questions or need help navigating the Dallas real estate market, don’t hesitate to get in touch with us. We’re here to help you find and finance your dream home in Lakewood Heights Dallas.
Living in Lakewood Heights Dallas
Lakewood Heights in Dallas combines suburban peace with city amenities. Our team at Dustin Pitts | Dallas Real Estate Agent knows why residents love it here. Let’s explore what makes this neighborhood unique.
The Lifestyle in Lakewood Heights Dallas
Lakewood Heights offers a close-knit community near the city center. With residents averaging 37 years old and many homeowners, it’s a place for settling down. The neighborhood suits young professionals, families, and retirees alike.
Surrounded by areas like Old East Dallas Oak Lawn, Uptown, Lower Greenville, and Vickery Place, residents enjoy various dining, shopping, and entertainment. Weekends here feature neighbors walking dogs, children playing, and family picnics in parks.
Amenities and Facilities in Lakewood Heights Dallas
Lakewood Heights offers amenities for comfort and convenience. A major attraction is nearby White Rock Lake. This Dallas landmark is ideal for hiking, biking, picnics, and boating.
NorthPark Center, a top shopping destination, is close by. For dining, the neighborhood is surrounded by various culinary options, from upscale restaurants to casual eateries.
Schools and Community in Lakewood Heights Dallas
Education is a top priority in Lakewood Heights, making it an ideal place for families. The area is served by the Dallas Independent School District, which offers a variety of high-performing schools. There are also a number of private schools in the vicinity, providing further educational choices for families.
The community spirit in Lakewood Heights is remarkable. Neighbors often help each other. Children play together, and locals join in community events. This is a big draw for homebuyers in Lakewood Heights.
Lakewood Heights offers a high quality of life and strong community bonds. It’s near Dallas’s amenities. For those seeking this lifestyle, Dustin Pitts | Dallas Real Estate Agent is ready to help you find your home.
Conclusion
Why Lakewood Heights Dallas is the Perfect Place for Your Dream Home
Lakewood Heights in Dallas is ideal for homebuyers. It offers a mix of peace and city life, making its homes sought after.
Known for its tree-lined streets and picturesque homes, the area has a strong community feel. It suits young professionals, families, and retirees. Our team at Dustin Pitts | Dallas Real Estate Agent values this community spirit.
Buying here is also a smart investment. The median home price is $1,239,500, showing potential for appreciation in Dallas’s popular market.
Final Thoughts on the Lakewood Heights Dallas Real Estate Market
We’re experts in Dallas real estate, witnessing its changes. Lakewood Heights remains a top choice. It offers community charm, quality homes, and investment potential.
However, navigating the real estate market can be daunting, especially in a hot neighborhood like Lakewood Heights. That’s where we come in. At Dustin Pitts | Dallas Real Estate Agent, we have the expertise and local knowledge to help you find your dream home in Lakewood Heights. Whether you’re looking for a cozy starter home or a spacious family house, we’re here to guide you every step of the way.
Remember, the real estate journey should be exciting and rewarding, not stressful. With the right guidance and a clear understanding of the market, you can find the perfect home in Lakewood Heights Dallas. So, why wait? Your dream home in this beautiful neighborhood is just a phone call away.
So, are you ready to discover your dream home in Lakewood Heights Dallas? Contact us today at Dustin Pitts | Dallas Real Estate Agent, and let’s turn that dream into a reality!
