Grapevine - named for wild grapes that once grew in the area - is a suburb of both Dallas and Fort Worth and has become one of the most desirable places in Texas to live. In fact, in 2007 CNN rated the city of approximately 45,000 as one of the best places in the country to live. In general, Texas has not been affected by the downturn in the housing market that has affected many other parts of the country. Grapevine homes for sale is still among one of the more popular searches on our website and it would be safe to say it rings true on others as well.
There are several advantages to living in Grapevine, including its convenient location, proximity to the DFW airport, a major hub for American Airlines, a thriving and historic downtown and an excellent school system. The city’s unemployment rate is also fairly low, at just under four percent. However, one of the biggest attractions, especially for families, is the availability of affordable housing; the average home price in Grapevine is around $100,000, significantly below the national average.
Of course, more expensive luxury homes are also available, as are affordable and basic starter homes, spacious ranch style homes and town homes. The average home price per square foot in Grapevine is around $86. It is also relatively easy to buy an older and historic home; in fact, the city's oldest residence dating from the early 1850s was recently on the market for an asking price of almost half a million dollars.
For a relatively small city, Grapevine offers a wide variety of neighborhoods to choose from; in fact, there are over 160 distinct neighborhoods and subdivisions. The most popular - and expensive - zip codes are 76051 and 76092, where listing prices tend to be higher than the city average. Lake homes are popular too; Grapevine Lake is located about a mile north of downtown and boasts almost 150 miles of coastline. It is not unusual to see three or four bedroom lake homes on the market for around a million dollars. Downtown Grapevine is also increasingly becoming a popular place to live as the city has gone to great lengths to retain its charming small town character, as well as attracting residents, retail stores and small businesses. Downtown is in close proximity to several historic neighborhoods of beautiful Victorian homes.
Like other cities and towns in the Metroplex area, Grapevine offers a small town feel, but with easy access to the big cities of Fort Worth and Dallas. It is no wonder that the city has become one of the top places in Texas to relocate to.