Tucked neatly inside the city of Tyler, TX, is the luxurious historic neighborhood known as the Azalea District. This area boasts the largest concentration of historic homes in the city, many of them constructed in the early 20th century. The mansions that dot the tree-lined streets are set back within sweeping lawns that have had years of landscaping and manicuring. Many of the driveways are brick or cobblestone, as are some of the streets that wind through the Azalea District.
The neighborhood is designated as a national historic district
Historic property will add to the cost of living in the Azalea District. Further adding to these costs are the amenities that the city of Tyler invested in for the neighborhood’s residents. The neighborhood underwent beautification from the start, with mass plantings of several species of trees planned and completed. These included maples, pecans, and azaleas, from which the district earned its name.
Brick streets were laid, parks and green spaces were established, and severely restricted numbers of commercial and mixed-use properties were allowed. These gave the Azalea District the peacefulness and serenity that many folks crave, further increasing the demand for ownership here.
Home prices in the Azalea District are noticeably higher than other neighborhoods in Texas
Renting a home here also has seen a jump in the price. Current data shows that the average rental in this neighborhood commands nearly $1,700 a month. And though these numbers are increasing, they don’t paint the full picture of the cost of living in the Azalea District.
The overall cost of living in the Azalea District is less than the national average
The amount you’ll pay in taxes in the Azalea District is on par with the national average in the United States. This includes the cost of property taxes and sales taxes.
If you make the Azalea District home, you’ll also pay less for transportation, utilities, and groceries than the national average. Additionally, it costs less to live here than the Texas state average.
The median household income in the Azalea District remains under the national average
Ready to move to The Azalea District?
Homes in these neighborhoods are not for everyone. But for those who are interested, a Realtor who specializes in historic homes and neighborhoods will be invaluable to you. The agents with The Crutcher & Hartley Team have the necessary contacts to refer you to virtually every professional you’ll need during the home-buying process. And if you are considering renovations, their network of trusted contractors will be of great use to you when the time comes to make improvements on your investment in the Azalea District.