Little Elm, Texas Information
Located in Denton County, Texas, the charming lakeside town of Little Elm provides a welcome respite from the hustle and bustle of nearby Dallas. The town was established in 1841 and has grown by leaps and bounds in the past century and a half to become one of the most popular areas in the great Lone Star State. Read on for more information about this town and what it has to offer its residents.
Little Elm, Texas Details
Established in 1841 by a man named Kit King, Little Elm became home to Denton County’s very first post office thirteen years later. In 1900, the town’s population sat at a modest 194 residents; by the year 2000, that number would balloon to 3,646. This boom was due largely to the expansion of road development in the area during the 1950s, which made the town much more accessible to residents of both Denton and Dallas.
In 2016, the median value of a home in Little Elm was quoted at $290,558. Bear in mind that this number could be disproportionately high for single-family homes, as the survey included all residences, including multi-unit complexes. For those looking to invest in real estate, this is good news, as the median rent for the area was valued at $1,582 per month in the same study.
The average household income for residents hovers at around $92,000—well above the state average, which was estimated to be just over $56,000 in 2016.
The town’s population is just over 42,000, and as a whole, residents are about the same age as the average Texan, at just over 33 years of age (the state average being 34.5). Roughly a third of residents are college-educated, and over 90 percent have a high school diploma. Retail, finance, and healthcare are all popular occupations in this region, and workers in the professional and scientific sectors are also likely to find work here.
This is a predominantly white area—more than 52 percent of the residents are Caucasian, with Latinos and Hispanics coming in at a distant second, at 24 percent. The black population is just under 15 percent, and an even smaller number of residents identify themselves as Asian, Native American, or another ethnicity. Unsurprisingly, English is the most commonly spoken language, followed by Spanish.
According to Neighborhood Scout, this town is safer than 66 percent of American cities, with a low incidence of violent crime. Residents are more likely to become victims of property crime than a violent act, but even this statistic is significantly lower than the national median—about one-third.
Texas has no shortage of historic buildings and attractions, and this corner of Denton County adheres to this theme. One local favorite is the Fort Worth Stockyards Historic District, which was once nicknamed “the Wall Street of the West” on account of the hot cattle trade that took place there. Today, it’s a visitor’s haven, complete with rodeo arena, saloons and steakhouses, a railroad tour, and much more.
Residents and visitors can also drive to Dallas to take a look at Clyde Barrow’s infamous gun at the Red County Courthouse, a museum designed to showcase every unique side of this storied American city. While there, get a taste of real Old West charm at the Pioneer Plaza. The flagship attraction at this scenic park is the collection of life-size longhorn statues, erected to appear as if the beasts could stampede at any minute.
For more information on these and many more visitor’s delights, visit the community’s Chamber of Commerce website.
Things to Do
As one might expect from its waterfront location, this town’s main draw is its impressive collection of beautiful parks, many of them with lake frontage. The Little Elm Park is the cream of the crop, featuring a beach with a designated “safe swim” area (no boats allowed), athletic fields, and a playground. Also, on Louisville Lake is Willow Crane Park, the ideal spot for hiking enthusiasts and anglers. Corinth Community Park is the place to gather for sporting events, with its numerous athletic fields and playscapes for the young ones. Residents could easily spend an entire season exploring all the recreational activities that this stunning shorefront location has to offer.
This charming and picturesque slice of Texas has plenty to delight visitors and residents alike. Contact us today for a comprehensive market analysis of your rental property.
Little Elm Property Management
Our property management team specializes in residential areas throughout Little Elm, TX. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Little Elm area property management services.
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