TOWN OF NORTHLAKE
Northlake is located 17 miles west of DFW International Airport and three miles north of Alliance Airport between the cities of Fort Worth and Denton along IH 35W.
Build-out Population: 45,000
% Built-out: 20%
New Home Prices: Upper $300’s-$1 million
Average Household Income: $87,785
Low Tax Rate: $0.295 property tax rate.
Trails and Open Space: Miles of trails planned within parks and open spaces to cover more than 20% of the town’s land area.
Growth: Among the fastest growing cities in North Texas with nearly 50% year over year growth in the past year and population projected to double by 2025.
900+ new annual home starts
6 million sf of industrial space developed with another 3 million plus in planning stages
Office, retail, restaurant, and hospitality development growing rapidly. 60,000 sf of commercial lease space completed in recent years with another 50,000 under construction. Texas Roadhouse opened in 2020 with more full-service restaurants planned to open in 2021. A new Tru by Hilton hotel opened in 2020 and a Cambria hotel & conference center is planned to begin construction in 2021.
Northlake’s wide-open spaces and prime location in the direct path of growth offer abundant opportunities. At the center of a retail trade area with a population projected to grow to more than 70,000 within five years, Northlake benefits from excellent highway access and close proximity to both DFW and Alliance Airports. Northlake is committed to attracting new businesses and quality development through aggressive incentive programs – including sales tax reimbursements to attract restaurants, retail businesses and fulfillment centers, and tax abatements for companies with high-value business personal property.
Northlake has become a boomtown due to its prime location, low tax rate, and excellent quality of life, attracting new residents to its wide variety of living environments from luxury apartments to multi-acre ranches and estate homes. In order to keep up with the demand, some of the region’s largest master-planned developments have been developed in Northlake: Harvest, Canyon Falls, Pecan Square, and The Ridge at Northlake. These developments will add nearly 10,000 homes to the market over the next decade. Yet approximately 80% of Northlake’s ultimate land area remains undeveloped with plans to preserve more than half the land area as open space, 1+ acre lots and multi-acre ranches.
Northlake’s vision as outlined in its comprehensive plan is to be a town that honors its rural legacy while attracting a multi-generational, family oriented and highly engaged population through policies that promote responsible growth, self-reliance and a diversified tax base. The Town’s leaders continue to build on this vision to create a thriving community with a healthy environment for both residents and commercial enterprises.
Town Website town.northlake.tx.us
Economic Development town.northlake.tx.us/238/Economic-Development