Southlake is a mid-sized city located in the state of Texas. The city has a population of 29,101 inhabitants. The majority of Southlake residents report their race to be White; this is followed by Asian and Black. Southlake is known to be family friendly as more than 92% of the population has already tied the knot. It might also be worth noting that 45% of residents also have children under the age of 18.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Southlake, Texas could be a great experience for anyone who puts in the time to do the research required. Using the livability score which includes data from categories like amenities, crime, cost of living, education, housing, you can easily compare the best places to live in Southlake and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Southlake to Texas and the national average.
The livability score in Southlake is 87 out of 100 and the city is ranked in the 99th percentile of all cities across America. Clearly, Southlake is doing something right, as this score ranks well above the average of most cities. Southlake also ranks in the top 10 percent of all cities, which is no small feat! Based on the scores for each individual category, Southlake has received high marks for amenities (A+), crime (A+), weather (B), education (A+), employment (A+) and housing (B-). Southlake does not score well for the following: cost of living (F). It might be a smart idea to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Southlake, there is no shortage of amazing local amenities and interesting things to do.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Southlake gets top scores for their low violent crime rates of 66 crimes per 100,000 residents, which are significantly lower than the national average.
The average school test scores in Southlake are 97%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Southlake is actually affordable. The median home price for Southlake homes is $586,400, which is 310.9% higher than the Texas average. If we take a closer look at the affordability of homes in Southlake, we’ll see that the home price to income ratio is 3.1, which is 19.2% higher than the Texas average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Southlake were 3.3%, and the 5 year appreciation rates came in at 7.2%.