One Hot 'Hood

This affordable Dallas neighborhood has it all, real estate experts say

Affordable Dallas neighborhood has it all, real estate experts say

Lake Cliff, Historic District, Cadillac Heights, Dallas
The South Dallas neighborhood encompasses the Lake Cliff Historic District. Photo courtesy of Heritage Oak Cliff

Prospective homebuyers in search of a neighborhood that "has it all" should look no further than Dallas' Cadillac Heights. That's according to Redfin's 2018 list of the 25 neighborhoods in the U.S. that have everything a buyer wants: affordable homes, lots of inventory, good schools, an easy commute, and low crime.

To determine the rankings, the real estate website's analysts looked at ZIP codes with a median home sale price below $291,700 (the national median) and selected those with homes on the market for at least 46 days. Redfin required a GreatSchools rating of 5 or higher and a transit score of 50 or more, and the ranking "favored places with lower reported violent crime."

Cadillac Heights ranks No. 21 on the list. The 75203 ZIP code has a median sales price of $205,000 — more affordable than nearby Kessler Park or Bishop Arts. As of December 2017, there were only 11 homes for sale, but the median days on the market was 54.

The South Dallas neighborhood, which encompasses the Lake Cliff Historic District, has a school ranking of 6.33, transit score of 52.8, and crime rate of 80 (among the higher ones on the list).

Cadillac Heights isn't the only Texas neighborhood that "has it all," according to the study. Also on the list are Houston's Independence Heights (No. 13), San Antonio's Lafayette Place (No. 19), and Fort Worth's 76102 ZIP code — all that's missing is a hip Austin 'hood.

While Texas fares well, Illinois shines with 14 neighborhoods on the list — 11 in the Chicago area alone.