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    Homeowner Realities

    Can renters afford to buy a home in Dallas? Not really.

    Lindsey Wilson
    Aug 22, 2016 | 9:05 am
    4519 Elsby in Dallas
    Though many Dallasites want to buy a house, few can afford to do so.
    Photo courtesy of Briggs Freeman Sotheby's

    For many, the traditional "American dream" includes buying a home. In Dallas, that dream is dissipating, as recent reports show that most local renters don't have the means to make the jump to home ownership.

     

    Zillow released its latest rental analysis and placed Dallas squarely on its list of markets with the lowest share of renters qualified to buy — the fourth worst, to be precise. The median home price here is $189,000, but only 8.2 percent of renters have the income and credit score necessary to afford that.

     

    The news is even worse for Houston, which wins the dubious award of least qualified city. Only 6.8 percent of renters can take a stab at securing a median $172,900 home. In both Dallas and Houston, the overall homeowner rate is about 59 percent.

     

    Things are somewhat similar in No. 15 San Antonio, where despite 61 percent of people owning homes, only 10 percent of renters could afford to join their ranks. A median home there costs $152,300.

     

    Austin is the lone bright spot in Texas, claiming No. 15 on the list of the highest share of renters who can afford to buy. Nearly 13 percent of on-market renters have sufficient credit scores and income to afford the median home in Austin, which runs about $252,900.

     

    Apartment rental website Zumper confirms this, singling out Austin as the place where the gap is smallest between desire to own a home and buyers' ability. It conducted a survey of more than 6,000 of its users and found that while 94.3 percent of Austinites want to buy, 72.1 percent can afford a mortgage within the city proper.

     

    In Dallas, the wish is there for 97.2 percent of Zumper users, but only 63.2 percent say they can actually make it a reality. The good news is that the figures are much, much better in Texas than in, say, San Diego, where 91.5 percent want to become homeowners, but only 20 percent think they can.

     
    zillowreports
    news/real-estate

    Developer News

    Once-modest center in Dallas Design District is getting flashy re-do

    Teresa Gubbins
    Jul 17, 2025 | 11:02 am
    The Seam
    Courtesy rendering
    The Seam

    A complex in the Dallas Design District is on the brink of a makeover: Called The Seam, it's a multimillion-dollar project that will transform the former Oak Lawn Design Plaza at 1444 Oak Lawn Ave. into an upscale shopping and dining destination.

    Oak Lawn Design Plaza is a seven-building site that was constructed in the 1970s and was the low-key, modest home to various little design-centric businesses like Mizzen & Main.

    It was acquired by North Carolina-based real estate investment firm Asana Partners in 2023, who are redeveloping it into a 160,000-square-foot retail center with restaurants, wellness, and shops in an open-air environment. Asana is the company that has wrought gentrification upon Deep Ellum.

    At the new-and-improved Seam, there could be up to six restaurants, gyms, coffee shop and more than 30 stores. They've already signed a deal with Lettuce Entertain You, the Chicago-based hospitality group whose portfolio of 90 restaurants includes concepts such as Big Bowl, Gus' Sip & Dip, Big City Chicken, and Frankie's By the Slice.

    Let's hope they can surpass previous dining spots on the site such as the modest Tom's Diner or the quirky Spanish Oaks Restaurant and Lounge.

    Adolfson & Peterson Construction, a national, family-owned construction management and contracting company, is doing the renovation. They began construction in March 2025; completion is anticipated within 12 months. Morris Adjmi Architects (MA) is the Design Architect with GFF Design serving as the Architect of Record.

    “Our planning and design approach was centered on enhancing connectivity throughout the site and within the neighborhood's context,” says MA founder and principal Morris Adjmi in a release. “We reconfigured the plaza's overall layout to open up the site and significantly improve the pedestrian experience."

    The site's original layout was reconfigured, removing portions of the existing complex that obstructed visual and physical connections to Slocum Street.

    Adolfson & Peterson Construction will handle all aspects of The Seam’s construction, including staging and phasing the work; improving the existing buildings by upgrading facades with new exterior insulation finish systems (EIFS) and metal panels; mechanical, electrical and plumbing upgrades; and structural improvements by adding new steel and roof work.

    They'll also add outdoor features such as lighting, modern hardscapes and softscapes, new curb lines, and sidewalk upgrades. The Seam will provide nearly 50 spaces for retail, restaurants, wellness providers, and showrooms.

    Adolfson & Peterson Construction tackled a similar project with the renovation and interior demolition of Dallas’ Knox Park, located at 4441 McKinney Ave., in 2020.

    constructiondallas design districtdesignoak lawnrenovationshopping
    news/real-estate

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