Why Live in Lake Forest
Lake Forest, a neighborhood in Flower Mound, Texas, is a well-established suburb developed in the 1990s, featuring mature trees and a variety of brick homes. These homes typically include private driveways, ample garage space, and large yards, with most four-bedroom homes offering at least 2,200 square feet and three-bedroom homes over 1,800 square feet. The neighborhood is home to highly-rated schools, including Donald Elementary, Forestwood Middle, and Flower Mound High School, all of which have received top ratings for test scores and college readiness. Recreational options are abundant, with Rheudasil Park offering a fishing pond, playground, basketball court, pavilion, and multi-use trail. Stone Creek Park and its trails, as well as Heritage Park with its water park, amphitheater, and nature trails, are also nearby. Grapevine Lake, less than 5 miles away, provides additional recreational opportunities with its parks and boat ramps. Retail and dining options are plentiful, including Walmart Neighborhood Market, Sprouts Farmers Market, Alma Mexican Restaurante, and Tomo Sushi. The neighborhood is less than 10 miles from Dallas-Fort Worth Airport, making it convenient for frequent travelers and those working in the aviation industry. With its central location between Dallas and Fort Worth, residents find they have easy access to all necessary amenities without needing to travel far.
Frequently Asked Questions
Is Lake Forest a good place to live?
Lake Forest is a good place to live. Lake Forest is considered very car-dependent and somewhat bikeable. Lake Forest is a suburban neighborhood. Lake Forest has 5 parks for recreational activities. It is somewhat dense in population with 8.2 people per acre and a median age of 43. The average household income is $150,493 which is above the national average. College graduates make up 66.4% of residents. A majority of residents in Lake Forest are home owners, with 11.5% of residents renting and 88.5% of residents owning their home. A
local real estate agent serving Lake Forest can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Forest neighborhood guide.
How much do you need to make to afford a house in Lake Forest?
The median home price in Lake Forest is $299,000. If you put a 20% down payment of $59,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Lake Forest. The average household income in Lake Forest is $150K.
What are the best public schools in Lake Forest?
The best public schools that serve Lake Forest are:
What are the best private schools in Lake Forest?
The best private schools that serve Lake Forest are:
What are the most popular zip codes in Lake Forest, Flower Mound, TX?
What are the most popular neighborhoods near Lake Forest, Flower Mound, TX?
Home Trends in Lake Forest, TX
On average, homes in Lake Forest, Flower Mound sell after 84 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Forest, Flower Mound over the last 12 months is $524,500, down 18% from the median home sale price over the previous 12 months.
Median Sale Price
$524,500
Median Single Family Sale Price
$480,000
Median Townhouse Sale Price
$299,000
Median 2 Bedroom Sale Price
$249,000
Median 1 Bedroom Sale Price
$99,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
7
Last 12 months Home Sales
12
Median List Price
$299,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-18%