Pricey pads

This trendy neighborhood has the most expensive rents in Dallas-Fort Worth

Victory Park has the highest average rent in DFW.

Photo courtesy of Victory Park

If it's time to move, better get a handle on where in Dallas-Fort Worth is (somewhat) affordable to rent an apartment and where isn't (except for those in a specific tax bracket).

Data from Apartments.com shows the average monthly rent for an apartment in South Dallas-Fair Park is $741 as of May 14. That amount covers apartments of all sizes.

That's the lowest you'll find in DFW, followed by:

Lake Cliff, $748
South Boulevard-Park Row (Southeast Dallas), $785
Hunt County, $791
Highland Hills (Southeast Dallas), $800
Piedmont (Southeast Dallas), $808
Central Meadowbrook (East Fort Worth), $828

The Victory Park neighborhood (Uptown/Park Cities) tops the list for the highest average rent ($2,189). Only one other neighborhood (Uptown Dallas) had average rent above $2,000 as of mid-May. There, the average rent was $2,165.

Only one neighborhood in Texas' four major metro areas lays claim to an average apartment rent above $3,000, and it’s in Austin. Apartments in the Northshore neighborhood, which encompasses much of the Second Street District, stand at $3,156.

No other neighborhood in the Austin, Dallas-Fort Worth, Houston, and San Antonio metro areas topped the $3,000 mark for average apartment rent in mid-May, Apartments.com says.

Elsewhere in Texas
Thinking of moving to another city in Texas? Here's what the rent picture looks like in the other major metros.

Rounding out the top five most expensive neighborhoods in which to rent in Austin are:

Market District (western section of downtown), $2,991
Rainey Street, $2,425
West End (just west of downtown), $2,273
The Triangle (Central Austin), $2,002

As for the biggest bargain for apartments in the Austin area, you’d need to look at the Uptown section of San Marcos. There, the average rent was $815 as of May 14, according to Apartments.com.

Among the state’s other major metros, the most expensive neighborhood is Houston’s Market Square. There, the average rent in mid-May was $2,677, Apartments.com says.

Three other Houston neighborhoods notched average rents above $2,000:

Museum District, $2,656
Discovery Green, $2,331
University Place, $2,289

At the other end of the spectrum, the East Little York neighborhood in the Lake Houston area boasted the lowest average rent: $635. It’s preceded by:

Pecan Park (East End), $659
Hobby Airport area (Southeast Houston), $718
Golfcrest (Southeast Houston), $718
Westwood (Southwest Houston), $720
Braeburn (Southwest Houston), $728

In San Antonio, only one neighborhood had average rent above $2,000 a month. In Midtown’s Pearl District, average rent in mid-May was $2,283, Apartments.com says.

Other San Antonio neighborhoods with high rents are:

Museum Reach (downtown), $1,774
The Rim (Northwest San Antonio), $1,596
The Dominion (Northwest San Antonio), $1,545
King William (downtown), $1,543
Lone Star (downtown), $1,495

The Lackland Terrace neighborhood takes the honor as the San Antonio neighborhood with the lowest average rent — $617. It’s preceded by South Southwest, $684; Hot Wells (Southeast San Antonio), $685; Park Village (Northeast San Antonio), $715; and South San Antonio, $746.

rent

GP News

Grand Prairie expands to the south with new master-planned community

Rendering courtesy of Provident

Goodland Grand Prairie

The City of Grand Prairie is growing fast and expanding to make way for a new master-planned development south of US Highway 287 and along Tollway 360, in Ellis and Johnson counties.

The community development, called Goodland, is the result of Grand Prairie’s recent 1,500-acre annexation extending its southern border toward Mansfield. Overall, with the added land, Goodland will be a 5,000-acre site featuring 15,000 residences including townhomes, custom homes, and gated communities for 50,000 residents.

According to a release, it will be a “city within a city” and a 45-minute drive from Dallas-Fort Worth. Beyond housing, there will be shops, restaurants, schools, public and private event venues, regional sports fields and complexes, dance halls, churches, trail systems, city parks, ponds, and preserved green spaces.

“This is a significant step in our city’s development,” says Grand Prairie Mayor Ron Jensen in a statement. “Unlike many of our neighboring cities, we have the unique advantage of new development opportunities to our south that will drive the growth and prosperity of our city. We recognized the opportunity and took decisive action.”

Leading the development is Provident, a Dallas-based real estate firm that has created other master-planned communities across Dallas-Fort Worth, such as Preston Hollow Village and Hillstead in Collin County. Provident has plans to work nature into the space design with more than 1,600 acres of creek corridors and floodplain land.

Plans are ongoing for a centralized mixed-use walkable Town Center, complete with civic buildings and other commercial development. Further south on the property near Highway 67, light industrial uses and other private employment campuses are already underway, projects that will contribute vital tax dollars for city growth and future expansions.

“This level of placemaking is quite rare, and certainly not easy to execute, especially in a brand-new community," says Provident Managing Director Rylan Yowell in a statement. "We are committed to a long-term vision with a desire to be good stewards of the land."

A new four-lane road called Goodland Parkway will link Goodland to Grand Prairie at Tollway 360 and US Highway 287. It's set to open by December 2025.

openings