Southlake Real Estate & Community Information in Texas
Southlake is an affluent and rapidly-growing community that features excellent schools, a low crime rate and plenty of family-oriented activities. The city was named by Forbes.com as one of the most affluent neighborhoods in the country based on average median household income estimates in December 2008. The following year, Southlake's zip code was ranked as the richest zip code in the country with a population of 10,000-25,000 residents.
Incorporated in 1956 to avoid annexation by its neighbors, Southlake has a rich history and was the site of the first permanent settlement in Tarrant County when it was homesteaded in 1866. The city also extends into Denton County. The original town contained 1.62 square miles and had a population of just over 100. Today, Southlake has a population of more than 26,500 and is the fastest-growing city in the county.
The area that would become Southlake remained a rural farming community more than 100 years until 1952 when the U.S. Army Corps of Engineers built Lake Grapevine. The lake spurred much of the area's early growth and was the beginning of change. The city leadership strives to maintain the unique charm and beauty that residents have come to expect and enjoy. Commercial development has largely been restricted to the Highway 114 and Southlake Boulevard corridors where the city's new downtown is located.
Southlake Real Estate Market: Homes Prices
Real estate options in Southlake consist of single-family homes that are priced starting from $120,000-$300,000 for charming starter homes to $4.5 million for larger houses and estates. Townhomes and condominiums are also available in Southlake as well, with prices ranging from $250,000 for a 2-bedroom/2.5-bathroom condo to upwards of $580,000 for a condo in a private gated complex.
Southlake residential properties include waterfront houses with lake views, custom built luxury homes, golf course views, and ranch style homes. Please come again to find Southlake, Texas homes for sale in the Dallas area. Buyers and sellers, interested in new or existing residential real estate, you can be sure we have what you are looking for.
Southlake, Texas Average Home Sizes and Asking Prices
Southlake Real Estate Stats and Trends for the week of May 23rd, 2019: homes priced around $923,563 compared to $923,563 the previous week, to remain steady with no change in listing price. For Thursday, May 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.