Southlake's October First-Time Homebuyer Report

Southlake has one of the most prosperous populations in Texas with a median income of $145,293 per household. On top of being ranked the seventh- most affluent city, its population is much younger than others with a median age of 40 years. The Southlake market primarily consists of detached houses, accounting for 87% of the current homes in the area. Leading the list of best schools in the city are Jack D Johnson Elementary School, Don T Durham Intermediate, and Carroll Senior High School.

Price Range

Some of the more expensive homes in Texas are in Southlake with a median home value of $460,900 and an average list price for available homes currently at $810,861. Over the last 30 days, 36 homes were sold in the Southlake market, down 7.7%. Additionally, the market is still in an established downward trend overall.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Southlake:

$4.5M   $5M   $6M  

Typical Dwelling

A four-bedroom detached home valued around $661,448 is considered a typical dwelling in Southlake. If a buyer was looking for a similar home, they would need good credit and a $132,290 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,431 and the property tax rate is $19.87 per $1,000 of taxable assessed value.

Get started right now by checking out Southlake homes for sale or reviewing Southlake real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Justin Henry Real Estate Advisors LLC
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Brawn Sterling Real Estate
Snapped 2 homes in this area
Berkshire Hathaway HomeServices PenFed Realty Texas
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