Dallas Land Use

The Productive Land Use Series will focus on annual property tax revenue at the neighborhood level. Since land is the city’s primary resource, this series will delve into how we are using our land and if we can use it more efficiently. For part 1, click here.

In the previous post, we looked at various types of housing throughout Dallas and evaluated the property tax revenue per acre collected every year in order to analyze a neighborhood’s financial contribution to city operations. Using a well-maintained, single-family neighborhood as our standard, $30,000 collected per acre annually is our baseline to which we judge the financial performance of our land use.

As we look at the productivity of our neighborhoods, we see that the desirability of an area reflects positively in property tax return for the city. More often than not, the attractiveness of a neighborhood is related to the commercial amenities located in the vicinity of the residents. These third places, where people work and play, not only help define the community, but also contribute to the functioning of our city by paying property tax and sales tax.

We should expect higher revenue from our commercial spaces because they see more activity than our homes. From entertainment to employment, commercial spaces bring people together to spend money. As important cogs in our economy, they must also pay their share for the municipal services they require.

First, let’s take a look at the most common commercial space in our city:


Real Estate Story

Everything’s bigger in Texas, including our ability to build wealth.

That’s according to a new study by Bankrate that surveyed the the 18 largest metro areas in the U.S. according to how strong of an environment they provide for making and saving money. Houston ranked No. 1, and Dallas ranked No. 6.

The rankings were created after consulting with experts on which factors should be considered in a conversation about wealth. Here’s what the experts told them were the biggest contributors:

  • After-tax, savable income: This is what’s left over after taxes and necessary expenses. It’s what you could sock away in an interest-bearing account.
  • The job market: Can workers find jobs at competitive wages?
  • Human capital: Can residents find educational opportunities to help advance their careers and earn more money later?
  • Access to financial services: Do people have access to financial products that allow them to invest, save and borrow efficiently?
  • The local housing market: For better or for worse, homeownership is a key way Americans build wealth. If a local housing market is struggling, it can be harder for prospective homebuyers to get a mortgage and for homeowners to accumulate equity.

Other factors considered included participation rates for retirement plans like 401(k)s, a major wealth-building tool for middle-class households. As they noted, “whether or not an employer offers one has a lot to do with the city, both in terms of culture (whether employers think it’s the right thing to do) and supply and demand.”

“If you’re in an area where the unemployment rate is very low, then the employers have to compete for you, and part of how employers compete for you is they offer benefits and they offer retirement plans,” Christian Weller, an economist at the University of Massachusetts Boston, told Bankrate. “Employers do compete on a regional level, on a city level, for talent.”


8312 Ridgelea IHOTW

This home at 8312 Ridgelea is almost a dream that is too good to be true. Give it an A-plus for location! You are talking about one of the hottest neighborhoods in town, Bluffview. This parcel of homes near Lovers Lane are all walkable to West Lovers Lane shops and super close to Love Field, so much that you could probably roll out of bed for a 6 a.m. flight at 4:30 a.m, make it to Love Field, and make that flight with a Starbucks in hand.

You get almost new construction: 8312 Ridgelea was built in 2006, which makes it practically brand new. I mean, it takes three years to get the kinks out of ANY new home, right? You get gleaming newer appliances plus open spaces in 4045 square feet on a juicy quarter acre lot. There is even a garage for three cars parked in tandem — how did they fit that on a .23 acre lot? Deftly. Actually, it’s more like a two car garage with gigantic storage.

I’d say you are getting a pretty dang good looking house for $765,000. (more…)

Kylah Boyd Featured Realtor

We love meeting rookies in this business, and with how hot our market is, more and more talented professionals are choosing a career in real estate. It’s no wonder that we often find go-getters from brokerages all over Dallas, but it seems like the team at Vivo Realty in Uptown is full of young, hungry agents like Kylah Boyd.

When you’re in the first year of your real estate career, it helps to have a great lender by your side. What has your lender done for you lately? See what you’re missing by calling Jeff Lindigrin at Great Western Home Loans today.

Jump to learn more about Vivo Realty’s Kylah Boyd!


Alex Prins Head Shot

We love the diverse background that Rogers Healy and Associates Realtor Alex Prins brings to the real estate industry. He’s done everything, it seems. From skincare to writing, Prins has turned his personality and tenacity into a successful career in one of the most demanding industries in America.

For those reasons, Prins has been named our Great Western Home Loans featured Realtor. What has your lender done for you lately? Find out more about the unequaled service you can expect from Great Western Home Loans by calling Jeff Lindigrin today.

Jump to read more about how Prins, an animal lover nonpareil,  has turned challenges into character-building moments that define him.


Bernadette Schaeffler designed a Czech crystal series featuring a silhouette of the Dallas Skyline.

Bernadette Schaeffler designed a Czech crystal series featuring a silhouette of the Dallas Skyline.

This will soon be on the gilded bar carts throughout the homes of Dallas socialites, as who would opt for anything other than gorgeous Czech crystal etched with the city’s trademark skyline?

And you can only get it at Bernadette Schaeffler Collection.


2203 W Colorado Front

This home is such an incredible value nestled in one of the most picturesque neighborhoods in North Oak Cliff. Located inside Stevens Park Village, you might expect this home to another quaint Austin stone cottage like the many that line the blocks of this insular neighborhood just off of Fort Worth Avenue.

You’d be flat wrong, though, as this two-story Prairie style home has so much open space and plenty of contemporary features that it will astonish you what the sellers have fit onto a less-than-one-quarter-acre lot.

The amenities alone put this house in a league with our other High Caliber Homes of the Week, and if this home catches your eye, be ready to submit your highest and best offer and get pre-approved with Lisa Peters at Caliber Home Loans. She’s an expert who is ready to make sure you get your dream home, so don’t waste your time! Call Lisa Peters at Caliber Home Loans today.

Are you ready to get your socks knocked off? Jump and see the amazing value this Stevens Park Village home holds.


Modern Mile 1

This unique mid-century modern at 10551 Somerton Drive is a shining example of the interesting architecture to be found in Walnut Hill. (Photos: Dan Piassick)

An idea had been bouncing around in the back of Kathy Adcock-Smith’s mind for a while. How could she promote preservation inside her small North Dallas neighborhood? Walnut Hill is a tidy square mile, bounded by Royal Lane on the north, Midway on the east, Walnut Hill on the south, and Marsh on the west. It’s full of mid-century modern homes, with low-slung roofs all made popular in the 1950s, a style that is very much in demand right now, but was somewhat of a novelty back then.

In fact, several of the homes in Walnut Hill were featured in the National Parade of Homes in 1954, hosting more than 100,000 people. The neighborhood is not only architecturally interesting, but many of the residents grew up here and then bought their own home in the area. It’s teeming with fabulous homes, but they’re being scraped at record rates.

“I go to the White Rock Home tour and the AIA tour of homes every year,” Adcock-Smith said. “A lot of the mid-century modern homes in this neighborhood could benefit from restoration.”

But she didn’t put two-and-two together until a neighborhood association meeting a year ago. “Someone suggested doing a home tour, and I thought ‘That’s it! That’s perfect!'”

10222 Better Drive was  renovated using the home's original footprint.

10222 Better Drive was renovated using the home’s original footprint.