Do you dream of living in a home that has convenient access to White Rock Lake, but you’re not really sure how much it costs to get into those neighborhoods? Afterall, Zillow is only showing you the list price, not the final sale price. Watch the video below or keep reading, and I’ll break down the most recent sale prices in the neighborhoods closest to White Rock Lake, so you can stop dreaming and start planning your next move.
Read or watch all the way to the end to learn which neighborhood I think is the hidden gem.
How Much Does it Cost to Live in Lakewood?
Lakewood-proper is bound by Abrams to the east, White Rock Lake to the west, Mockingbird Lane to the north and Gaston Avenue to the south. What does it currently cost to buy a house in Lakewood? Well, in September of 2022, the average sale price was around $1.2 million. For that amount buyers were able to purchase a three or four bedroom home that was about 3000 square feet.
How Much Does it Cost to Live in Forest Hills?
On the east side of the lake you’ll find Forest Hills. It’s one of my favorite neighborhoods near White Rock Lake. I love how large the lots are and all of the beautiful trees. A newer home in Forest Hills costs over $2,000,000, but older smaller homes that are still on beautiful lots sell for $850,000 to $1,000,000.
How Much Does it Cost to Live in Little Forest Hills?
Little Forest Hills is just on the other side of Lakeland Drive from Forest Hills and it’s also one of East Dallas’s most desirable and funkiest neighborhoods. You can get a super cute and updated 3-bedroom, 2-bath cottage for $600,000 to $700,000.
Newer construction in Little Forest Hills is going for $1,000,000 to $1.300,000. If you like newer, modern homes, then you’ll love the new construction in Little Forest Hills.
How Much Does it Cost to Live in Eastwood?
Eastwood is a little north of Little Forest Hills on the opposite side of Garland Road, but you can easily access the lake via Lake Highlands Boulevard. One very important thing to know about Eastwood is that there are parts of the neighborhood that are in the flood plain. The requirement to carry flood insurance will increase your housing costs, so you may want to start researching the costs of flood insurance if you’re interested in Eastwood. What are homes selling for in Eastwood? Depending on how updated it is, you’ll likely pay $600,000 to $750,000 for a home that’s around 2,000 square feet.
How Much Does it Cost to Live in Old Lake Highlands?
Old Lake Highlands is a great neighborhood with a variety of housing stock. What do I mean by that? Well, many of the smaller 2-bedroom/1-bath or 3-bedroom/1-bath homes that were built in the 1950s are being torn down and replaced with new construction. Depending on size, newer construction will cost anywhere from $850,000 to $1,300,000. For a 3-bedroom/2-bath home that was built in the 50s or 60s, and that’s about 1700 square feet with various levels of updates, you’re looking at a purchase price of about $600,000.
Where’s the Hidden Gem?
To wrap up, let’s talk about that hidden gem that I mentioned at the start of the blog. It’s the neighborhood just north of Eastwood, but it’s still south of Northwest Highway. The lake is literally a quick bike ride down Lake Highlands Boulevard. Have you heard of Lochwood?
Lochwood is like Old Lake Highlands in that it offers a variety of sizes of homes to choose from. There are fewer teardowns in Lochwood than there are in Old Lake Highlands. Right now, a 3-bedroom/2-bath home, built in the 50s or 60s, that’s about 1800 square feet with various level of updates will cost between $500,000 and $600,000. If you don’t need that much square footage, you can get a home that’s 1,100 to 1,300 square feet and pretty updated, from $350,000 to $450,000.
Lochwood offers a variety of price points and sizes, along with convenient access to White Rock Lake.
Of course there are other neighborhoods that have access to the lake, but these are in the immediate vicinity and I’ll cover other neighborhoods in later videos and blog posts.
Now that you have an idea of the true housing costs around White Rock, you may be interested in learning about the schools that serve these neighborhoods. After-all, better schools means higher home values, right? Maybe not.
There’s a very common misconception that if you live in the Dallas Independent School District (DISD) attendance area, your kids must attend the DISD neighborhood schools or you’ll be paying for private school, which isn’t cheap!
Thanks for stopping by my site! If you have any questions at all about the homes or neighborhoods around White Rock, reach out to me directly. I am always available to answer your questions.
Thanks again for your time, and have a great day!