Southlake is a wealthy suburban city located in Tarrant and Denton Counties within the state of Texas.The city of Southlake is located within the Dallas-Fort Worth metropolitan area. As of the 2010 census it had a population of 26,575.A wealthy suburb of Fort Worth, Southlake is known for exemplary public schools, Southlake Town Square, and Carroll High School‘s 8-time state champion football team.

History

The Southlake area was settled by pioneers in the 1840s, but was not incorporated asSouthlake until 1956, four years after Grapevine Lake was finished. Before incorporation, the settlements of Whites Chapel, Dove, Union Church and Jellico made up present day Southlake. The area remained rural until the completion of the DFW International Airport in the 1970s. Due to the close proximity to the airport, Southlake became a boom-burb throughout the 1980s, 1990s and 2000s. As of 2010, Southlake’s population was at its full capacity of around 30,000 people.

Overview

In December 2008, Forbes.com named Southlake the most affluent city in the United States based on average median household income estimates. In 2009, Southlake’s zip code, 76092, was ranked as the richest zip code in the United States with a population between 10,000-25,000 people. The average home in Southlake costs around $784,522 and has 4 bedrooms, 4 bathrooms and around 4,000 square feet (370 m²).

Neighborhoods

In the early 90’s when Southlake began developing master-planned neighborhoods, the minimum lot size was 1 acre. Later the City of Southlake reduced the minimum lot size to 1/2 acre, and later 1/3 of an acre. These master-planned upscale neighborhoods began popping up all over the western portion of Southlake Boulevard. Some of the larger upscale neighborhoods developed in the 90’s along “The Boulevard” include Monticello Estates, Stoneridge Lakes, Myers Meadow, Stone Lakes, Timber Lake,South Ridge Lakes and Timarron Country Club. In the 2000’s when the earlier neighborhoods were finishing out, Southlake began developing portions of its picturesque countryside into luxury neighborhoods. Some of the newer luxury neighborhoods include Clariden Ranch, Estes Park, Stratford Park, Cambridge Place, Shady Oaks, Westwick Hills, The Enclave, Laurelwood Park, Palomar Estates, The Reserve of Southlake, and Versailles.

Economy

Sabre Holdings, an S&P 500 company and owner of Travelocity, is headquartered in Southlake. Industrial businesses include gasoline storage and distribution and concrete works on the east side of town near DFW Airport.

Southlake is also home to Gateway Church, a non-denominational Christian megachurch, which averages more than 16,000 in attendance per week. Gateway recently finished construction on a new campus in north Southlake, off State Highway 114.

Southlake is well known for its Southlake Town Square project, a shopping center located on State Highway 114 and Southlake Boulevard. A plan was approved in March 2005 that allowed the Town Square’s area to be doubled. The new additions to Town Square were completed in the summer of 2006, making it one of the most popular shopping centers in the Metroplex.

Demographics

As of the census of 2000, there were 21,519 people, 6,414 households, and 5,958 families residing in the city. The population density was 983.0 people per square mile (379.6/km²). There were 6,614 housing units at an average density of 302.1 per square mile (116.7/km²). The ethnic makeup of the city was 94.54% White, 1.39% African American, 0.25% Native American, 1.79% Asian, 0.01% Pacific Islander, 0.81% from other ethnic groups, and 1.20% from two or more ethnic groups. Hispanic or Latino of any ethnic group were 3.67% of the population.

There were 6,414 households out of which 60.5% had children under the age of 18 living with them, 88.0% were married couples living together, 3.5% had a female householder with no husband present, and 7.1% were non-families. 5.4% of all households were made up of individuals and 1.2% had someone living alone who was 65 years of age or older. The average household size was 3.35 and the average family size was 3.48. The median price asked for a home is $437,800. 3,997 of the 6,602 occupied houses have nine or more rooms. 4,660 of the occupied houses have four or more bedrooms. 3,342 of the 6,602 occupied houses have two cars. 2,348 of these houses have three or more cars. 3,790 of these houses cost more than $300,000.

In the city the population was spread out with 37.1% under the age of 18, 3.9% from 18 to 24, 30.2% from 25 to 44, 25.7% from 45 to 64, and 3.1% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 100.6 males. For every 100 females age 18 and over, there were 98.0 males.

According to a 2011 estimate, the median income for a household in the city was in excess of $180,000, and the median income for a family was $176,259. Males had a median income of $100,000 versus $46,042 for females. The per capita income for the city was $47,597. About 1.3% of families and 1.8% of the population were below the poverty line, including 2.0% of those under age 18 and 2.1% of those age 65 or over.

Information courtesy of Wikipedia