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Richardson in the News

Money is Flooding into Oak Lawn

Money is Flooding into Oak Lawn

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This past week, Oak Lawn in Dallas has seen notable developments in its real estate landscape. A significant highlight is the proposal by Trademark Property Co. to build a 415-unit luxury apartment complex at 3900 Lemmon Ave. This development, which recently received...

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Oak Lawn’s Skyline is Set to Soar

Oak Lawn’s Skyline is Set to Soar

Exciting times are ahead for Oak Lawn as real estate developer UDR announces that the FAA has given the go-ahead for a stunning 25-story residential tower at 2743 Turtle Creek Blvd (next door to the Mansion). The FAA’s approval was required because the building,...

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Richardson Community Demographics:

Richardson, Texas, located just north of Dallas, is a thriving city known for its strong economy, excellent schools, and diverse community. Nicknamed the “Telecom Corridor,” Richardson is home to a robust tech industry and a mix of suburban charm and urban amenities. Below are key demographic highlights:

Population Overview

• Total Population: ~125,000 residents

• Median Age: 37 years old

• A balanced population of families, young professionals, and retirees.

• Diversity:

• White (Non-Hispanic): ~45%

• Asian: ~20%

• Hispanic/Latino: ~20%

• Black/African American: ~10%

• Other/Mixed: ~5%

Income & Employment

• Median Household Income: ~$90,000

• Employment:

• Richardson is a hub for technology and telecommunications, often referred to as the Telecom Corridor, home to major companies like AT&T, Verizon, and Texas Instruments.

• Residents also work in healthcare, education, and finance, with many commuting to Dallas or Plano.

Education

• Education Levels:

• Bachelor’s Degree or Higher: ~55%

• A well-educated population, with many residents in specialized and managerial roles.

• Schools:

• Served by both Richardson Independent School District (RISD) and Plano Independent School District (PISD), both known for their strong academic programs and extracurricular activities.

• Several private and charter schools also serve the area.

Housing Market

• Median Home Value: ~$400,000

• Average Rent: ~$1,800–$2,800 per month for apartments and rental homes.

• Homeownership vs. Renting:

• Homeowners: ~60%

• Renters: ~40%, including young professionals and students attending nearby universities.

• Housing Types:

• Single-family homes dominate, with a mix of older, established neighborhoods and newer developments.

• Upscale apartments and townhomes are also popular, particularly near the CityLine district.

Lifestyle & Amenities

• Shopping & Dining:

• CityLine: A mixed-use development with restaurants, retail, and entertainment, popular with residents and visitors alike.

• Historic Downtown Richardson: Features charming shops, local eateries, and community events.

• Diverse dining scene, including some of the best Asian and Mediterranean restaurants in North Texas.

• Parks & Recreation:

• Over 40 parks, including Breckinridge Park and Heights Park, with trails, playgrounds, and sports facilities.

• The Richardson Trail System offers miles of trails connecting neighborhoods and parks.

• Cultural Attractions:

• Charles W. Eisemann Center for Performing Arts hosts concerts, theater, and cultural events.

• Annual events include the Cottonwood Art Festival and Wildflower! Arts & Music Festival.

Transportation

• Proximity: Conveniently located along US-75, just 15 miles north of downtown Dallas.

• Public Transit: Served by DART light rail and bus routes, providing easy access to Dallas and surrounding areas.

• Commuter-Friendly: Proximity to major highways and DFW International Airport (~30 minutes).

Community & Culture

• Family-Friendly: Safe neighborhoods, excellent schools, and a strong sense of community make Richardson a great place for families.

• Tech Hub: A center for innovation and technology, attracting professionals in STEM fields.

• Cultural Diversity: Richardson’s diverse population contributes to its vibrant arts, food, and community scenes.

Notable Statistics

• Marital Status:

• Married: ~55%

• Single: ~35%

• Other: ~10%

• Household Composition:

• Average household size: 2.7 people.

• A mix of families, young professionals, and retirees.

Key Highlights

• Tech and Innovation: The Telecom Corridor drives economic growth and attracts top talent.

• Education Excellence: Strong public and private school options appeal to families.

• Urban-Suburban Balance: Access to urban amenities and suburban charm makes Richardson a versatile and appealing community.

• Outdoor Lifestyle: Parks and trails create opportunities for outdoor recreation and active living.

Richardson combines a strong economy, excellent schools, and a welcoming community, making it an ideal choice for families, professionals, and retirees. With its diverse housing options, cultural amenities, and convenient location, Richardson offers a high quality of life in North Texas.