Lake Grapevine zip codes rank as North Texas’ wealthiest
Look out Park Cities, North Dallas, and Plano.
Esri’s 2013 map of North Texas’ 25 wealthiest zip codes indicates that the Lake Grapevine/DFW Airport area ranks well above DFW’s traditional bastions of bluebloods.
In total, seven of the 15 wealthiest zip codes are located around the lake and airport.
Five in the lake/airport area rank in the top 10 and four rank in the top five.
Esri, the California-based research firm, generates their list of wealthiest zip codes from a proprietary combination of factors.
They include average household income, per capita income, average net worth, average disposable income, and average home value.
This concentration of buying power offers good news for projects like Lakeside DFW.
The 150-acre mixed-use project sits in the #3-ranked zip (75022 in Flower Mound) and in close proximity to the #1, #9, and #11 zips (Southlake, eastern Flower Mound, and Coppell, respectively).
A large number of the residents of Highland Village (#13) and Argyle (#5), which lie north of Lakeside DFW, drive past the site on FM 2499 as part of their daily commute.
Residents of other wealthy zip codes in the area, like #2 Colleyville, enjoy the many recreational opportunities offered on and around Lake Grapevine.
“The demographics of the area surprise some people,” said Jimmy Archie, managing partner of Realty Capital, master developers of Lakeside DFW. “Many people in Dallas have no clue about the wealth around the lake.
“They also are surprised at the distances people will drive in this part of the Metroplex,” Archie explained. “People will go a long way to get what they want.”
“We think The Shops at Lakeside will give many what they’re looking for with a far shorter trip,” he said, “along with a chance to stroll around and enjoy the Lakeside atmosphere.”
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