Lake Highlands

Apartments like The Trellis (pictured) and others make one zip code in Lake Highlands one of the cheapest areas to live in Dallas, according to new research by Realtor.com.

We know rents are high in Dallas — we’ve written more than a couple of stories about how much it costs to live in the Big D. But where can you consistently find the cheapest rents? Turns out, one zip code in Lake Highlands, in particular, is exactly where you should start hunting.

Realtor.com decided to take a look at several large metros with higher rents and find the most affordable neighborhoods in each — with a few provisos.

The researchers said they began by analyzing median one-bedroom rents as of May by zip code, and then searched neighborhoods within a 45-minute commute to downtown during morning rush hour based on data from Google Maps.

Researchers said they also “made sure crime wasn’t over a certain threshold based on crime data provided by Sperling’s Best Places, a site that collects data on communities across the U.S.” (more…)

rents

(Photo courtesy Wikimedia Commons)

There may be a lot of apartments being built in Texas, but that’s not necessarily translating to more affordable rents, one economist said at a recent conference on affordable housing held at the Federal Reserve Bank of Dallas.

Greg Willett, chief economist at RealPage, told the group assembled that the same affordable housing issues that have begun to block families from purchasing homes have begun to crop up in the rental sector as well.

“We are starting to see the same affordability challenges in rental housing,” he said, adding that this issue is occurring despite a boom in apartment completions across the country. (more…)

When searching for a place to call home, most renters start with a price range in mind. Although the importance of staying within your budget is universal, the options available at different price points vary across the Dallas metro.

To illustrate this point, Apartment List crunched the numbers to find out how much space you can get for $1,500 in different parts of the Dallas metro. It’s no surprise that you have to sacrifice size for location to rent a luxury loft in downtown Dallas, where a 1,020-square-foot, one-bedroom runs $1,500. Meanwhile, you can spread out in a 1,410-square-foot, three-bedroom apartment in Fort Worth for the same price.

For a more thorough breakdown, we’ve selected specific examples of units in six Dallas-area cities near the $1,500 price point and close to each city’s average square footage.

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Rents have been on the rise in Dallas, with the median one-bedroom apartment in Dallas proper renting for $890 a month. Throughout the Dallas area, some suburbs still offer lower prices compared to Dallas, while others are considerably more expensive.

To give renters an idea of how far their rent check will go, we’re highlighting properties at the Dallas median price in Dallas proper, as well as in 10 surrounding cities. From one-bedrooms in Frisco and Carrollton to two-bedrooms in Fort Worth and Garland, there are plenty of great rentals in the Dallas-Fort Worth metro for around $890 a month.

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Having a car can be expensive — beyond monthly car payments, there are costs associated with insurance, gas, oil changes, repairs, and parking. Even if you own a car, public transit is a great alternative means of commuting. You can avoid sitting in traffic and save on paying for parking in downtown Dallas. We’re featuring great apartments that are just a short walk from the closest DART station. These apartments will make your daily commute a breeze!

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PD-15 v3 Small Colored Labels

Boundaries of PD-15

Forget the plan the Preston Center Task Force is cooking up.  Last night it was disclosed that owners of the Diplomat and Royal Orleans condominiums have voted unanimously to accept an offer to sell their complexes to a developer. The identity of the buyer and the development plans are unknown (by me).

Update: Wednesday afternoon, PHSNA sent a note to members saying they’d received denials from both complexes that a sale was imminent. Stay tuned.

Depending on the development details, I for one, welcome the move to bring new blood and new building to the area. Here’s hoping for an architecturally interesting building that’s not a typical Mediterranean riff with terra cotta colored stucco and a splash of stone – that, I will fight.

Apartments or condos?  It’s 2016, so of course it will start out as apartments.  But it’s up to neighbors to ensure quality construction so that the eventual condo conversion can be done with a quality product.

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Vision - Ground Level & Overall Site Plan-2

Site Plan (top is West), courtesy of Crescent Communities

Crescent Communities released more details about its project planned at Zang and Davis near the Bishop Arts District. The residential components offer a variety of types and sizes to appeal to a range of budgets and lifestyles.

Most controversially, the second phase North Site plan includes a set of 30-38 brownstones with single units — each three to three-and-a-half stories high, made of high quality materials, and with walk-out roof terraces. The Towns on Zang product would likely be a great addition to the neighborhood if the front entrance stoops weren’t so devoid of character, but the question is whether Crescent would develop the property themselves, or sell to another developer. Their portfolio doesn’t include multi-level brownstones currently, and according to neighborhood watchdog Councilman Scott Griggs, their plan is to change the overlay to allow residential, then sell.

The current zoning overlay requires one-story retail frontage all along Zang Blvd. Removing the requirement for retail frontage would allow even dingy apartments to be built. Griggs insists upon including stipulations for street-access units if/when changing the zoning overlay. If this is the plan, let’s just make it part of the plans! But Crescent seems unwilling to make that concession. All we have is their word — and better pictures promised in a few months.

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