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Hot Homes

Top 10 Dallas real estate stories of 2018 include tiny homes and celebrity digs

Stephanie Allmon Merry
Dec 26, 2018 | 10:30 am

Editor's note: As the year comes to a close, we look back at the 10 biggest real estate stories in Dallas for 2018 — including tiny houses, top neighborhoods, and sports stars' homes for sale.

1. Tiny-house village takes shape in downtown Lake Dallas. What was billed as the first project of its kind in the U.S. — a downtown village of tiny houses — started taking shape in the Denton County suburb of Lake Dallas in February 2018. By early 2019, tiny homes are expected to pop up in the city's downtown, which is about 30 miles north of downtown Dallas.

2. 5 best neighborhoods to buy a forever home in Dallas right now. In May, we consulted some of the top real estate pros in town for their picks on the five best Dallas neighborhoods to buy a forever home in 2018. Spoiler alert: People seemed to be returning to classic neighborhoods instead of up-and-coming 'hoods that tempt buyers with low prices and new construction.

3. These 4 popular Dallas neighborhoods rank among America's best. Where were the best places to live in Dallas in 2018? In April, real estate review site Niche revealed the Best Neighborhoods to Live in America, and four popular Dallas 'hoods appeared in the top 50, including one in the top 10.

4. White Rock midcentury marvel built by Dallas titan of tile listed for $7 million. Those who regularly meander the trails around White Rock Lake know there's always been a strong curiosity factor surrounding the huge stone home perched high atop the hill at 4606 Chapel Hill Rd. The estate, built by a Dallas businessman known as the "titan of tile," went on the market for the first time ever in February 2018, for $6,995,000.

5. Most famous Dallas real estate firm sold to Warren Buffett. In May, the real estate world was stunned to learn that Dallas-based Ebby Halliday Realtors would be acquired by Berkshire Hathaway HomeServices of America. HomeServices CEO Ron Peltier delivered the news to 1,700 agents and assured them that nothing would change — except that their parent now was a rich guy named Warren Buffett.

6. Dallas Stars goalie hopes to score an offer on his $4.25 million Preston Hollow home. In June, Finnish-born hockey goaltender Kari Lehtonen and his wife, Abbey, began letting go … at least of their great Preston Hollow house. Lehtonen, then an unrestricted free agent, started playing for the Dallas Stars in 2010, and he had a pretty terrific place to come home to after every practice and game.

7. Lakewood estate of mayor known as 'Mr. Dallas' hits market for $2.9 million. Chateau des Grotteaux — a Lakewood estate with a storied past, most notably the one-time residence of Dallas mayor R.L. Thornton — hit the market in April for nearly $2.9 million. Thornton, a banker and civic leader who was nicknamed “Mr. Dallas,” lived in the French-inspired estate with his family until his death in 1964.

8. Bids start at $350K for this rare foreclosed mansion in Preston Hollow. In September, a mansion in the center of posh Old Preston Hollow appraised at nearly $5.5 million went on the auction block, with an opening bid of $350,000. The home was at 9410 Alva Ct. at the corner of Deloache Ave., in one of Dallas' most celebrity-studded neighborhoods.

9. Former Cowboys head coach puts his Dallas mansion in play for $2.95 million. Former Dallas Cowboys coach Wade Phillips was looking to trade his Preston Hollow estate to another team: His mansion at 6115 Norway Rd. hit the market for $2.95 million in January.

10. Rents could increase this much if Amazon HQ2 picks Dallas, new study says. In March — eight months before Amazon announced where its new headquarters would go — a new study showed the price Dallas or Austin could pay if Amazon picks either Texas city for HQ2. Data and analytics provider CoStar Group forecast that both cities would see a 10-year rise in apartment rents, but that Austin rents would increase more than those in Dallas.

Kari Lehtonen's house, at 6331 DeLoache Ave., had an asking price of $4.25 million.

Kari Lehnoten home, 6331 DeLoache, Preston Hollow
Photo by Costa Christ
Kari Lehtonen's house, at 6331 DeLoache Ave., had an asking price of $4.25 million.
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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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