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Condo Cool

New condos invigorate historic Dallas neighborhood with swank features

CultureMap Create
Aug 23, 2017 | 3:29 pm

It’s no secret that homebuyers will pay a pretty penny for a great location, but it doesn’t necessarily have to be this way. If you know where to look, Dallas has some affordable hot spots with appealing homes, and Stillwater Capital’s new Greenwood Flats is one of those finds.

The 36-condo community is located behind the Granada Theater on McCommas Boulevard, adjacent to historic Lower Greenville and just four miles north of downtown. When the plot of land went up for sale, Stillwater Capital saw its potential and jumped at the investment. At the time, there were longstanding homes that could not be salvaged due to city health concerns and thus, introducing the concept of Greenwood Flats seemed the best solution.

With 14 layouts from which to choose, the condos all offer two bedrooms, a study, and tons of amenities. The floorplans are open and make for ideal entertaining spaces. Large kitchen islands, soaker tubs, and a clean, modern aesthetic, along with contemporary features such as stainless steel appliances, polished-chrome fixtures, and well-designed private terraces, lengthen the list of perks.

There are no worries about city parking hassles since secure, reserved, underground parking is easily accessible to residents. You’ll also live free of yard worries, as the HOA contracts all landscaping, plus takes care of general property maintenance, security, exterior insurance fees, and natural gas charges. The property is purposefully pool-free in an effort to keep fees low for residents.

Prices start in the high $300s, which is quite a deal considering all the perks and the prime spot. The condos appeal to young professionals who are ready to stop renting and start investing, and the community is offering an incentive to do so. If you’re ready to move but are worried about the burden of breaking a current lease, Greenwood Flats is willing to offer financial help to compensate.

Ready to check it out? Stop by Saturday, September 9, from 12-6 pm for the onsite block party. Tour the property and grab a tasty bite or beverage — a variety of food trucks will be there to celebrate.

Every floorplan at Greenwood Flats is designed so that the flow of traffic moves easily through the home.

Dallas_#5- Greenwood Flats
Photo courtesy of Greenwood Flats
Every floorplan at Greenwood Flats is designed so that the flow of traffic moves easily through the home.
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living single

Dallas lands among 10 most affordable U.S. metros for living alone

Amber Heckler
Oct 21, 2026 | 9:10 am
Dallas skyline
Getty Images
In DFW, renters can afford to live solo.

Not everyone is cut out for living with roommates, but finding an affordable place to live alone can be tricky. Luckily, Dallas-Fort Worth sits among the top 10 most affordable U.S. metros for living by yourself, according to a new report.

Analysts at Apartments.com discovered North Texas renters spend the seventh lowest share of their monthly income on single-bedroom rent out of the 50 biggest metros in the U.S.

The study used a 30 percent "common budgeting guideline" to calculate the share of median renter household income spent on one-bedroom asking rents across the 50 largest U.S. metros, and determined renters can only afford to live alone in 24 of the 50 metros without crossing the 30 percent threshold.

The median annual income of a DFW renter household is $63,172, and the findings show the typical asking rent for a one-bedroom apartment comes out to $1,348 per month. The study determined single renters spend 25.6 percent of their monthly income on rent based on the budgeting suggestion.

Texas' favorable rental market also extends outside of the Dallas-Fort Worth Metroplex: Austin surprised as the No. 1 most affordable metro for living alone, and San Antonio appeared among the top 10.

Austin renters spend the smallest share of their income on single-bedroom apartment rent, at 23.1 percent. That's based on a median renter household income of $70,008 and a $1,348 monthly one-bedroom asking rent price.

Dwindling rent prices and the prevalence of major tech employers are also attracting new renters, and the city has an 11.6 percent apartment vacancy rate.

"The average rent in Austin has decreased year over year, and construction of new housing increased by 30 percent over the past decade," the report's author wrote. "Tax incentives in Texas draw large tech corporations, like Google and Apple, to the Austin area, which has increased average wages, added more jobs to the local economy, and attracted renters in the process."

San Antonio ranked right above DFW in sixth place nationwide with solo renters spending 25.4 percent of their monthly income on single-bedroom rent, coincidentally the same share as single renters living in Raleigh, North Carolina and Salt Lake City, Utah.

This is the income and one-bedroom rent data in San Antonio:

  • $51,029 – median renter household income
  • $1,082 – one-bedroom monthly asking rent

A separate Apartments.com survey found 39 percent of U.S. adults would never feel comfortable living with a roommate, and 16 percent of renters would rather pay more in rent to live alone than consider living with a roommate.

"Factors contributing to lower rents may include recent high levels of construction, rising vacancy rates as renter demand catches up to supply, and fewer regulations, such as flexible zoning and lower development costs compared to other parts of the country," the report said. "Living alone has become a non-negotiable for many renters, and some renters are willing to make tradeoffs to afford this lifestyle."

The top 10 most affordable U.S. metros for living alone are:

  • No. 1 – Austin
  • No. 2 – Oklahoma City
  • No. 3 – Phoenix
  • No. 4 – Raleigh, North Carolina
  • No. 5 – Salt Lake City, Utah
  • No. 6 – San Antonio
  • No. 7 – Dallas-Fort Worth
  • No. 8 – Denver
  • No. 9 – Portland, Oregon
  • No. 10 – Columbus, Ohio
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