5 Reasons You Need To Hire a Professional

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3:42 PM (20 hours ago) Buying or Selling a Home? 5 Reasons You Need To Hire a Professional 1. What do you do with all this paperwork? Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality. 2. Ok, so you found your dream house, now what? According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, who knows what these actions are to make sure that you acquire your dream. 3. Are you a good negotiator? So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process. 4. What is the home you’re buying/selling really worth? It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $210,000 compared to $245,000 among agent-assisted home sales.” 5. Do you know what’s really going on in the market? There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much or offending the seller with a low-ball offer? Dave Ramsey, the financial guru advises: “When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.” Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

RE/MAX DFW Associates Sets All-Time Record

RE/MAX DFW Associates set a new record in 2015, closing in excess of $1.67 billion in sales volume, up from $1.5 billion in 2014.  The average home sales price at our firm topped over $306,000 up from $278,000 in 2014.   Thanks to our agents for helping make 2015 a banner year.  Final numbers will be forthcoming.

2015 was the best year ever recorded for real estate in the Dallas-Ft Worth market

Expecting a great 2016!

Dallas Home Prices Now Almost 20% Higher Than Before Recession

Dallas-area home prices are at an all-time high and are now almost 20 percent higher than their prerecession peak.  Dallas-area prices were up 9.3 percent year-over-year in the latest Standard & Poor’s/Case-Shiller Home Price Index report.  There’s no sign of a Dallas home market cool down in the latest nationwide price report.  In factDallas-area home prices are at an all time high in the Case-Shiller report.  Local prices have jumped almost 40 percent since early 2012.

Case-Shiller’s study tracks over time the prices of specific single-family homes located in each metropolitan area. The index survey does not include condominiums and townhouses. It only covers pre-owned properties — not new construction.

-          Dallas Morning News, December 29, 2015

DFW-Area Homes Gain $55 billion in Value in 2015

With the big price gains, Dallas-Fort Worth area homes have increased about $55 billion in value this year, according to a new report by Zillow.com.  A just-released study by the Internet home marketing firm estimates that DFW homes are worth $411 billion – up from $356 billion a year ago. That’s a gain of more than 15 percent. Nationwide, Zillow estimates that the U.S. housing stock is worth $28.5 trillion, up from $27.5 trillion at the end of 2014.  “This reminds us of the large role housing plays in the overall economy,” said Zillow Chief Economist Svenja Gudell. “Total home value growth slowed this year, but there was still a significant increase in overall value, and many markets are more valuable than they’ve ever been.  “Americans are spending a lot of money on housing, and that will make affordability an important issue next year.”

-          Dallas Morning News, December 30, 2015

North Texas Median Home Prices Soar Above $200,000

North Texas Median Home Prices Soar Above $200,000

This spring’s scorching home market has propelled median house sales prices in North Texas above $200,000 for the first time.  In April, home sales prices in the area were up 14 percent to a record $207,000.  With the latest gains, the median price of preowned single-family homes sold by real estate agents in North Texas is almost 60 percent higher than it was in January 2010, at the worst of the recession.   And home prices in the area are now more than a third ahead of where they were at the previous peak of the housing market in 2007.  “The average home listing price has also jumped up for homes coming on the market,” said Ted Wilson, a housing analyst with Dallas-based Residential Strategies Inc. “More people are motivated to put their houses on the market at these higher prices.”  The Dallas area now leads the country in year-over-year home price increases, according to the latest national comparison from CoreLogic Inc.  In April, median prices were rising at about three times the long-term average annual growth rate.   April’s substantial increase in home sales prices in North Texas comes as some analysts are warning that residential values in Texas’ major markets are overheating.  A new report by Wall Street analysts Fitch Ratings said that Texas and Dallas-area home prices are 11 percent overvalued.

-          Dallas Morning News, May 8, 2015

For 11th Straight Year Texas Ranks as Top State to do Business

For 11th Straight Year Texas Ranks as Top State to do Business

CEO Magazine’s 11th annual survey of the “Best States to do Business” was released Friday and Texas topped the rankings for the 11th year in a row.  The news had Texas Governor Greg Abbott on cloud nine, saying the state won’t stop at its top ranking.  “Everything is bigger in Texas, and that includes our business climate,” Abbott said. “Despite being the number one state to do business for 11 consecutive years, Texas will do even more to empower businesses and increase economic expansion. That’s why I’m promoting policies to cut the business franchise tax, further rein in regulatory regimes and elevate our higher education system to bolster our workforce so that Texas keeps creating jobs and opportunity.”  In the rankings, Texas was ahead of Florida, North Carolina, Tennessee and Georgia which rounded out the Top 5. California was once again the worst state for a second year.  The rankings takes into account state GDP, unemployment, domestic migration, state government and state-local tax burden.

-          Dallas Morning News, May 8, 2015

Why Everybody Is Moving to Texas

Why Everybody Is Moving to Texas

Texas has become one of the hottest places to move to for both personal and business reasons over the past 5 years. In fact, over the past 5 years, more Americans—over 387,000 in 2013 alone—have chosen to move to Texas over any other state.

So what’s the big draw, y’all?

Best Reasons to Move to Texas

The number-one reason most people are relocating to other cities these days is their job situation—either they are looking to increase their earnings and career longevity or they have been unable to find a job in their current location and are moving for more opportunities.

The second most popular reason for relocating is housing affordability. For many people, these two reasons go hand in hand. Finding a place where they can secure a solid, good-paying job and purchase a home with increasing value in a nice neighborhood provides a great plan for long-term financial success and family security.

According to a recent study by Redfin, 9 of the top 10 fastest-growing U.S. metropolitan areas are those in which housing prices are the most affordable in the country. Of the top 20 fastest-growing cities, 5 belong to the Lone Star State: Austin, Houston, San Antonio, Dallas and Fort Worth.

Austin’s surge in population can easily be attributed to its consistently solid employment rate over the past 10 years. With an unemployment rate of just 4.6 percent and a projected growth rate of more than 4 percent by the end of 2015, Austin continues to have one of the strongest job markets in the state.

Another draw to the state is a low tax rate. This is especially important for many of the companies that are choosing to uproot themselves from the East and West Coasts and move inward to Texas. A lower tax rate and affordable real estate prices make it a no-brainer for larger companies wanting to save and smaller companies looking for a way to secure their financial future.

DFW Home Prices Rise 9.1% in October

CoreLogic: DFW Home Prices Rise 9.1% in October

Dallas-Fort Worth area home prices increased 9.1. percent in October year-over-year, outpacing the national average, according to the latest CoreLogic report releasedTuesday.   Overall, the country's home prices have been slowing down in the past few months and has only grown at moderate levels, according to economists.  "Home price growth is moderating as we head into the late fall and is currently running at half the pace it was in the spring of 2014," said Sam Khater, deputy chief economist at Corelogic, in a statement. "However, there are still pockets of strength, especially in several Texas markets, especially Dallas and Houston and other markets with strong economic fundamentals."   Based on CoreLogic projections, economists expect home prices to continue to rise, with home prices in over half of the United States to reach or surpass levels seen at the height of the housing bubble sometime in mid-2015.

-          Dallas Morning News, December 2, 2014

NEW HOME SALES JUMP, RESALES DIP

NEW HOME SALES JUMP, RESALES DIP

Existing home sales slumped 1.8% in August – their first retreat since March, according to the National Association of Realtors. This followed gains of 2% or more in each of the previous three months. News about new home purchases was better: the Census Bureau recorded an 18.0% increase for August, more than making up for two months of declines. Keep in mind that these numbers may be significantly revised (as an example, May’s apparent 18.6% advance in new home buying was reduced to an 8.3% gain a month later)

DALLAS UPTOWN: High Property Prices

High Uptown Property Prices Pushing Dallas Development

to New Urban Neighborhoods

Is there life after Uptown for real estate developers?  For the last decade, the district north of downtown has been the hottest development market in Dallas.  But with prime land prices soaring past $200 per square foot and fewer empty lots to build on, commercial property companies are looking at nearby neighborhoods.

West Dallas, the Design District, the Farmers Market, South Side and near East Dallas are now at the top of apartment builders’ shopping lists.  “It is getting very difficult to justify dirt cost in Uptown, if you can even find a site,” said Ryan Miller of apartment builder Wood Partners. “With higher dirt prices, escalating construction costs and concern for rents capping out, it makes Uptown more and more risky.  ”We have been targeting alternative submarkets that are just as close to jobs and nightlife with dirt at a lower basis, which means we can keep our rents in check,” Miller said.

Wood Partners has rental communities under construction at the Farmers Market, in West Dallas and in the Medical District on Maple Avenue.  Most of these are neighborhoods that developers wouldn’t have crossed the street to look at a decade ago.  “We’ve done an incredible job in Dallas of pushing successful development into unproven areas,” said Greg Willett, vice president of Carrollton-based apartment consultant MPF Research. “We’ve done it with the Knox-Henderson area and the Design District.  “And I’m optimistic about the development that’s going to these other areas,” including West Dallas and the Farmers Market area, Willett said.   With average apartment rents for new units now running $1,800 a month in Uptown and downtown, Willett said it’s important for developers to offer locations with slightly lower prices. “If there is any concern about how much we are building, it’s how expensive it is and if we are going to run out of people who can afford the rents,” he said.

In the suburbs, retail and restaurants usually follow new rooftops.  But in booming West Dallas and north Oak Cliff neighborhoods, new housing is following successful restaurants and shops that have made residents comfortable with the areas.  “Sometimes the customer doesn’t know they want to be there because the product hasn’t been there before — you have to give them the product,” said Dallas developer Michael Ablon, who’s played an important role in turning the Design District into a popular restaurant and apartment address.

Ablon said many potential renters are being priced out of Uptown.  “They only product you can build in Uptown is the upper echelon — you can only do apartments at the premium price point,” he said.  But low land costs alone can’t be the basis for new urban neighborhoods, Ablon said. “In some of these other areas, I have a hard time knowing who really wants to be there,” he said.  Longtime Dallas real estate broker Newt Walker said Uptown is still ground zero for urban development in Dallas.  “If you build it in Uptown, they will come,” said Walker. “A lot of developers are crossing the Trinity River, but it’s still somewhat uncharted waters.  “The question is, what’s the depth of the market there?”

Apartment builders are betting that proximity to the central business district and postcard skyline views will bring young, professional apartment renters to nearby neighborhoods.  “People are excited again by the inner city and want a more urban lifestyle,” said Doug Chesnut, one of the founders of Dallas-based development firm StreetLights Residential. “We are running out of land — affordable or unaffordable — in Uptown, so we must continue to expand our geographic footprint.” 

StreetLights, which has built an Uptown apartment tower and has a second under construction, has contracted to purchase a former industrial site on Singleton Boulevard in West Dallas where it plans hundreds of new apartments and homes.  “The Calatrava bridge and Trinity Groves opened a new gateway to the west, just as other gateways are opening to new areas east and south of the central business district,” Chesnut said. “People are moving to North Texas, whether we like it or not, and we need to provide housing and amenities for those people.”

-          Dallas Morning News, September 19, 2014

Dallas-Ft Worth’s Economic Growth Outpaces Texas

Dallas-Ft Worth’s Economic Growth Outpaces Texas

The Dallas-Fort Worth economy has grown faster than the state average and its employment has increased faster than any other Texas major metro area in the first half of the year, according to a report issued yesterday by the federal reserve Bank of Dallas.  DFW employment has grown 4.5 percent this year through June, compared with 3.5 percent growth with Texas.  Local job creation in the second quarter (5.5 percent or 42,600 jobs) outpaced first quarter growth (3.4 percent or 26,500 jobs).  Most of the region’s employment gains have come from fast growth of the Dallas economy, which has added jobs at a 5.4 percent pace in the first half of the year.  The professional and business service sector saw the most growth.  Manufacturing is the only local industry to lose jobs (-700) in the first six months of the year.

-          Dallas Business Journal, July 22, 2014

Dallas No Longer in Top 10 for Traffic Congestion

Dallas No Longer in Top 10 for Traffic Congestion

The nation's worst rush-hour traffic can be found, not surprisingly, in Los Angeles. But the No. 2 city is a surprise.   Each year, three organizations produce traffic congestion reports.   The reports estimate the “excess travel time” lost in traffic congestion during morning and evening weekday rush hours.     This excess time is relative to the travel time that would be expected if traffic were free-flowing and there was no congestion.   The Los Angeles metropolitan area notches the worst traffic congestion in all three reports — 44.4 percent excess travel time. The second worst congestion is in Austin, Texas, with 34.5 percent excess travel time.   San Francisco (34.4 percent) is No. 3 and New York (33.4 percent) is No. 4. Both cities have a high population density.   Seattle is No. 5 at 32.4 percent, due in part to the cancellation of some planned freeways.   Rounding out the worst 10 are San Jose, Calif. (32.2 percent); Washington, D.C. (31.3); Boston (29.7); Houston (28.3); and Portland, Ore. (28.2).

-          Newsmax, July 6, 2014

Plano Approves Legacy West, Toyota, Fed Ex

Dallas Cowboys Development                   Legacy West with Toyota, Fed Ex, Renaissance Hotel

Dallas Cowboys Development Began Wednesday

Work began Wednesday on the future home of the Dallas Cowboys in Frisco, city officials confirmed.   Mass excavation is expected to start the week of July 7.   The city, the Cowboys and Frisco ISD have partnered on the development, which will include the team’s headquarters, outdoor practice fields and a 12,000-seat multi-use event center at the northwest corner of Warren Parkway and Dallas North Tollway.   The city and the school district have pledged $115 million for the public portion of the 91-acre site. Any costs above that will be paid by the Cowboys’ ownership. About 66 acres at the site will be developed separately by the Blue Land companies owned by Cowboys owner Jerry Jones and his family. That acreage will include retail, restaurants, office space and a hotel.  The indoor stadium and training facilities are expected to be completed in late summer 2016. The stadium will be used not only for Cowboys training but for high school football games and other events.   A ceremonial groundbreaking is planned sometime in August.

-          Dallas Morning News, June 24, 2014

Plano Approves Legacy West, Toyota, Fed Ex

The Plano City Council approved a rezoning request Monday that paves the way for a 205-acre mixed-use project near the J.C. Penney headquarters. The council approved the request to rezone the  undeveloped land, located at the southwest corner of State Highway 121 and the Dallas North Tollway, from commercial employment to central business to allow for greater development flexibility.  Developers plan to break ground after the first of the year on the project that’s part of the Legacy West development, which will surround J.C. Penny’s corporate headquarters. Legacy West will also include Toyota’s new North American headquarters and the new FedEx office building.  The development will include hotel, commercial, retail, office buildings and residential.

-          Dallas Morning News, June 24, 2014

Next Portion of LBJ Freeway (I-635) Dallas, TX Expansion to Open July 12

Next Portion of LBJ Freeway Expansion to Open July 12

The second phase of LBJ Freeway’s massive, $2.7-billion expansion will open July 12, developers announced today. This is the portion that includes LBJ’s interchange with Interstate 35E. If you’ve driven 35E lately, you’ve seen the new lengthy bridges that will be tolled and will connect that thoroughfare with LBJ. The interchange will feature the dynamic toll pricing that goes into effect on LBJ at midnight tonight.

-          Dallas Morning News, June 11, 2014

AFFORDABILITY OF U.S. CITIES FOR FIRST TIME HOME BUYERS

New Listings Reaching Normalcy
The increasing amount of new listings over the past 60 days in the DFW Metro market is showing signs that we are reaching a normal market for new listings. However, the huge inventory of buyers well exceed the supply of listings and all indications are that our strong seller’s market will continue for the next two to three years, with a continual increase in home prices. Approximately 18,900 homes came on the market in May 2014, compared to 17,468 new listings in May 2012. That is a healthy 9% increase. It was in May 2012 when the DFW Metro market made a significant correction, with May the last month of a buyer’s market to August 2012 when the region had become a seller’s market.

AFFORDABILITY OF U.S. CITIES FOR FIRST TIME HOME BUYERS
A starter home in San Francisco is $679,800, but in Cleveland it is only $102,100. But it takes a hefty income of
$137,129.55 in San Francisco to purchase the starter home. Dallas now ranks 16th in most expensive housing markets,
a huge change over the last many years when Dallas was always one of the most affordable cities.
CITY
Income Needed
Starter Home
Price Change from 2013
1. San Francisco
$137,129.55
$679,800
14.50%
2. San Diego
$98,534.22
$483,000
17.10%
3. New York City
$89,788.69
$388,900
5.60%
4. Los Angeles
$85,964.88
$406,200
17.60%
5. Boston
$79,820.01
$363,200
9.30%
6. Washington, DC
$78,503.56
$358,900
2.90%
7. Seattle
$73,851.06
$339,900
8.70%
8. Portland
$60,307.71
$271,900
10.30%
9. Denver
$59,892.46
$288,400
10.40%
10. Miami
$59,734.23
$259,000
15.10%
11. Sacramento
$58,113.87
$255,800
22.20%
12. Baltimore
$53,078.51
$224,500
-0.90%
13. Chicago
$52,866.88
$176,900
11%
14. Philadelphia
$50,546.25
$201,800
2.10%
15. Houston
$49,036.60
$184,600
12.80%
16. Dallas
$47,708.77
$174,800
9%
17. Minneapolis
$45,732.39
$188,200
10.30%
18. San Antonio
$44,506.00
$169,300
8%
19. Orlando
$43,243.95
$178,000
18.70%
20. Phoenix
$41,308.74
$194,300
15%
21. Tampa
$36,437.56
$145,000
7.40%
22. Atlanta
$34,183.44
$141,900
23.30%
23. Detroit
$32,250.30
$110,750
35.60%
24. Cincinnati
$31,850.18
$121,700
0.06%
25. St. Louis
$31,275.49
$120,500
8.60%
26. Pittsburgh
$30,177.78
$120,000
-1.80%
27. Cleveland
$29,788.67
$102,100
1.10%

Wood Is Good: The Must–Have Material For Your Spring Home Spruce-Up

Wood Is Good: The Must–Have Material For Your Spring Home Spruce-Up

Thinking of sprucing up your home for spring? You're not alone; one in three homeowners say they'll take on at least one home improvement project in the first half of 2014, according to a recent survey by Burst Media. And it turns out, freshening your home for spring is a smart investment.

Home sales and prices are up, and mortgage rates are still considered low by historical standards. The combination is a recipe for a strong 2014 home remodeling forecast. Homeowners are regaining equity in their homes, and that confidence is expected to spur them to take on deferred projects for their own enjoyment, or upgrade their homes for sale.

In its annual survey, Remodeling Magazine reports that wood deck additions deliver the second highest return on investment of the home improvement projects surveyed. If you're looking for a way to make your spring spruce–up add value to your home, wood is a great option. Wood is known for its versatility, ease of use and natural beauty.

Whether you're looking to update your living space or transform your outdoor entertaining area, Mark and Theresa Clement, home improvement pros, offer simple, do–it–yourself tips for incorporating wood into your spring home improvement projects:

Prepping Decks for Spring Entertaining
"One of the best things you can do in the spring to spruce up your house is to clean and refinish your wood deck," Mark says. "The natural beauty of a well–maintained deck transforms a backyard into a gathering place."

After you've carefully cleaned the deck to remove dirt and debris, choose a finish. Both sealers and stains are designed to seal out elements. Clear sealers contain no pigment, allowing the natural beauty of the wood to show through. Stains may contain a little pigment (labeled as "tone" or "transparent"), be semi–transparent or come in solid colors. Avoid paint, which can form a film on top of the wood and bubble or flake.

Can't decide between a semi-transparent stain and a water–repellant sealer? Try using the sealer first. If you change your mind later, it's easy to switch to a semi-transparent stain when the deck needs to be refinished. If you do opt for a sealer, use one that contains ultraviolet light–blockers to protect against sun damage and mildewcides to inhibit the growth of mildew.

Add Crown Molding to a Room
Crown molding imparts an upscale, elegant air to any room — and you only need basic DIY tools to install it.

"Crown molding bridges the junction of walls and ceilings — a prominent visual location where an architectural accent can really shine," says Theresa. "While crown molding is a high–impact, higher–difficulty project, it's well within the abilities of most DIYers. Plus, you probably already have the tools you need in your toolbox — with a miter saw, nails and a hammer, you can transform your favorite room with a custom finish."

When choosing your molding, remember to keep a consistent scale from floor to ceiling.

You may be tempted to install a wide, impressive crown molding and skimp on the base or casings, but molding sizes need to be balanced throughout the room. Wherever possible, use corner pieces, plinth blocks and other transition pieces — they make installation simpler, minimize the need for miter cuts and help joints stay closed despite seasonal changes in humidity. Finally, don't paint your crown molding and trim. Instead, opt for a clear sealer and allow the natural texture of the wood to shine through, adding warmth, personalization and a natural touch to your interior decor.

Install Wainscoting
Wainscoting has long been a hallmark of fine construction and design. Wood paneling is applied to a lower section of wall — typically in dining rooms, but also in kitchens, hallways and even bedrooms. If you crave old–world elegance in your modern home, wainscoting is an easy, cost–effective way to achieve that look. Depending on the style you select and how you choose to finish your wainscoting, you can create whimsy or elegance, rustic appeal or modern sophistication.

If you choose to panel with wainscoting, it's important to ensure pieces are level. If yours will have a top cap, a router — a power tool used to bevel or round an edge on a square piece of wood — can provide nice detail at the top of panels. Finally, while wainscoting is frequently painted, there's no rule that says you must paint yours. Consider a simple clear sealer or semitransparent stain that will allow the natural beauty and character of the wood to shine through.

DALLAS FARMER'S MARKET

Farmers Market

“This is one of the best ideas this city has ever done.”  And with those strong words, Mayor Mike Rawlings picked up a red-tipped shovel and helped break ground on the new-and-improved Dallas Farmers Market, which officially began its $65-million makeover just nine months after a private group took the keys from Dallas City Hall.  Mayor Mike Rawlings introduced the new market with some very high expecations.   The redevelopment will consist of four new restaurants, a grocery store that will serve the southeast portion of downtown Dallas, approximately 300 more apartments and lofts, and a dazzling new Farmer’s Market.  It will be a showplace for Dallas.

-          Dallas Morning News (excerpts), March 28, 2014

Highest Household Income Neighborhoods in the DFW Metroplex

According to the 2010 U.S. Census

Highest Household Income Neighborhoods in the Metroplex

1: Westlake (Westlake)
Mean Household Income: $526,590, Higley 1000 #12

2: Greenway Parks (Dallas)
Mean Household Income: $511,549, Higley 1000 #15

3: Westover Hills (Westover Hills)
Mean Household Income: $385,047, Higley 1000 #69

4: Old Preston Hollow (Dallas)
Mean Household Income: $338,351, Higley 1000 #158

5: Bluffview West (Dallas)
Mean Household Income: $335,935, Higley 1000 #168

6: Highland Park (Highland Park)
Mean Household Income: $330,032, Higley 1000 #188

7: Oak Tree (Dallas)
Mean Household Income: $327,123, Higley 1000 #204

8: Volk Estates-Windsor Place (University Park)
Mean Household Income: $323,486, Higley 1000 #218

9: Stratford Manor-Armstrong Fairway (University Park)
Mean Household Income: $322,282, Higley 1000 #224

10: Northaven Park (Dallas)
Mean Household Income: $313,955, Higley 1000 #251

11: Preston Hollow (Dallas)
Mean Household Income: $310,471, Higley 1000 #269

12: LakeSide on Preston (Plano)
Mean Household Income: $306,168, Higley 1000 #286

13: Willow Bend (Plano)
Mean Household Income: $304,801, Higley 1000 #296

14: Preston Royal (Dallas)
Mean Household Income: $304,679, Higley 1000 #299

15: Lakewood (Dallas)
Mean Household Income: $301,825, Higley 1000 #320

16: Bent Tree-Oakdale (Dallas)
Mean Household Income: $298,930, Higley 1000 #333

17: Timarron (Southlake)
Mean Household Income: $298,068, Higley 1000 #336

18: Timberlake-Princeton Park (Southlake)
Mean Household Income: $286,828, Higley 1000 #418

19: Bella Lago-River Hills (Flower Mound)
Mean Household Income: $281,696, Higley 1000 #456

20: Brook Meadows-Brighton Oaks (Colleyville)
Mean Household Income: $278,204, Higley 1000 #488

21: Cheyenne Village-Starwood West (Frisco)
Mean Household Income: $277,646, Higley 1000 #495

22: Russwood Acres (Dallas)
Mean Household Income: $275,175, Higley 1000 #523

23: Versailles-Cambridge Place (Southlake)
Mean Household Income: $271,015, Higley 1000 #566

24: University Heights-University Hills (University Park)
Mean Household Income: $266,284, Higley 1000 #620

25: Rivercrest Country Club (Fort Worth)
Mean Household Income: $265,238, Higley 1000 #632

26: Starwood East-Sterling Ranch (Frisco)
Mean Household Income: $265,076, Higley 1000 #635

27: Kings Ridge-Schoal Creek West (Plano)
Mean Household Income: $262,018, Higley 1000 #667

28: Stonebriar North (Frisco)
Mean Household Income: $261,486, Higley 1000 #676

29: Preston Trail Golf Club-Bent Tree Country Club (Dallas)
Mean Household Income: $260,066, Higley 1000 #700

30: Gentle Creek Country Club-Whitley Place (Prosper)
Mean Household Income: $255,529, Higley 1000 #766

31: The Dominion-Highland Oaks (Southlake)
Mean Household Income: $247,070, Higley 1000 #878

32: Denham Village-Whiffletree (Plano)
Mean Household Income: $245,842, Higley 1000 #896

33: Mansfield South (Mansfield)
Mean Household Income: $242,732, Higley 1000 #960

34: Bedford (Bedford)
Mean Household Income: $241,303, Higley 1000 #987

35: Loma Linda-Preston Place (University Park)
Mean Household Income: $240,133, Higley 1000 #998