Neighborhood in Corinth, Denton County

Living in Lake Sharon Estates Phase 3, Corinth

B+

3rd of 4areas in Corinth
Overall score 78 of 100 vs Texas neighborhoods
Corinth overall: A

Lake Sharon Estates Phase 3 is a neighborhood in Corinth, TX, home to about 4,200 people. It gets a B+, in the top 28% of Texas neighborhoods, and ranks 3rd of 4 areas we score in Corinth. It does best on jobs and income and worst on cost of living.

  • Pricey
  • Lots of parks
  • Cost of living scores low (16 of 100)
  • Tornado risk is very high

Closest everyday places

Grocery store1.3 mi
Pharmacy0.4 mi
Park0.2 mi
Cafe0.7 mi
Restaurant0.4 mi
Gym0.7 mi
Hospital or urgent care1.9 mi
Childcare0.5 mi
Library2.6 mi

Straight-line distance from the middle of where people live. Overture Maps.

Population
4,220
Median rent
$2,120
Median home value
$417,000
Household income
$126,400
Average commute
26 min
Homes owned
85%
Loading map

What it's like to live in Lake Sharon Estates Phase 3

Lake Sharon Estates Phase 3 is a neighborhood in Corinth with about 4,200 residents, mostly newer homes (median year built 2001), mostly owner-occupied (85%) and 47% of households with children.

Our grade for Lake Sharon Estates Phase 3 is B+. That puts it 3rd of 4 areas we grade in Corinth, a city that gets an A overall.

Pros of living in Lake Sharon Estates Phase 3

  • Well-rated schools nearby. 3 of the 3 closest public schools are rated A or B.
  • Parks within walking distance. The closest park is about 0.2 miles away.

Cons of living in Lake Sharon Estates Phase 3

  • Natural hazard risk. FEMA rates the risk of tornadoes and hail as very high in this part of town.

Lake Sharon Estates Phase 3 report card

Each grade compares Lake Sharon Estates Phase 3 with every neighborhood in Texas. Safety is not graded for single neighborhoods because police report crime for the whole city.

  • Cost of living: grade D

    Median rent $2,120, homes cost 3.3x income.

    16 of 100 vs TX areas

  • Jobs and income: grade A-

    Median household income $126,400, 0.7% unemployed.

    83 of 100 vs TX areas

  • Schools: grade A-

    Nearby schools average 88 of 100 on the state rating.

    81 of 100 vs TX areas

  • Safety: no grade

    Citywide, 68 violent crimes per 100k, 595 property crimes per 100k.

    No score vs TX areas

  • Errands and things to do: grade C

    Most everyday stores and services within a mile of homes.

    45 of 100 vs TX areas

  • Getting around: grade D

    Average commute 26 min, 20% work from home.

    21 of 100 vs TX areas

  • Education levels: grade A-

    62% have a bachelor’s degree.

    80 of 100 vs TX areas

  • Health: grade B+

    8.5% of adults uninsured.

    72 of 100 vs TX areas

  • Home ownership: grade B+

    85% of homes owner-occupied.

    80 of 100 vs TX areas

  • Internet access: grade B+

    98% of homes have broadband.

    73 of 100 vs TX areas

Lake Sharon Estates Phase 3 compared with Corinth

Better than Corinth

  • Adults with a bachelor's degree or higher: 62%16 points higher than Corinth (45%)
  • Homes owned by the people living in them: 85%8 points higher than Corinth (77%)
  • Vacant homes: 0.3%3 points lower than Corinth (3.7%)

Worse than Corinth

  • Renters paying 30%+ of income on rent: 96%34 points higher than Corinth (62%)
  • Median rent: $2,12012% higher than Corinth ($1,891)
  • People below the poverty line: 6.7%3 points higher than Corinth (3.5%)

Closest public schools

Texas Education Agency 2025 ratings. Check the attendance zone for any address with the district.

  • AHawk ElementaryElementary, Denton ISD0.4 mi
  • BCrownover MiddleMiddle, Denton ISD0.5 mi
  • AGuyer High SchoolHigh, Denton ISD1 mi

Cost of living in Lake Sharon Estates Phase 3

Median rent in Lake Sharon Estates Phase 3 is $2,120 a month, 12% higher than the Corinth median. A household would need about $85,000 a year to keep that rent at 30% of income.

The median home is worth $417,000, 11% higher than the Corinth median, which means a monthly payment of about $2,846 with property tax at today's mortgage rates.

MeasureHereCorinthTexas
Median rent12% higher than Corinth$2,120$1,891$1,403
Median home value11% higher than Corinth$417,000$375,600$283,800
Home value to income6% higher than Corinth3.3x3.1x3.6x
Renters paying 30%+ of income on rent34 points higher than Corinth96%62%52%
Homes owned by the people living in them8 points higher than Corinth85%77%63%
Vacant homes3 points lower than Corinth0.3%3.7%9.4%
Median year homes were builtAbout the same as Corinth200119971992

Monthly cost to buy a median home

$2,846
Mortgage payment
$2,283
Property tax
$563
Median rent, for comparison
$2,120

Based on a $417,000 home in Lake Sharon Estates Phase 3, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median for the surrounding Census tract, or the county where that is not published. Insurance and fees are not included.

Work, income and getting around

MeasureHereCorinthTexas
Median household income5% higher than Corinth$126,400$120,580$78,476
Unemployment rate1 points lower than Corinth0.7%1.8%5.3%
People below the poverty line3 points higher than Corinth6.7%3.5%14%
Adults with a bachelor's degree or higher16 points higher than Corinth62%45%34%
Average commuteAbout the same as Corinth26 min26 min27 min
Workers who work from home3 points higher than Corinth20%17%14%
Workers who walk, bike or take transit1 points lower than Corinth0%1.3%2.6%
Homes with broadband internetAbout the same as Corinth98%97%91%

Natural hazard risk

FEMA National Risk Index for the Census tracts in this area.

  • River floodingVery low
  • HurricanesLow
  • TornadoesVery high
  • HailVery high
  • Heat wavesModerate
  • WildfiresLow
  • Winter stormsLow
  • Strong windLow

Who lives in Lake Sharon Estates Phase 3

Under 1826%
18 to 3417%
35 to 6444%
65 and over13%
Race and ethnicity
White72%
Hispanic or Latino11%
Black1.2%
Asian11%
Other or more than one race5.1%

Shown for information only. It is never part of any grade.

Other neighborhoods in Corinth

  1. 1A-Terrace Oaks Phase 1Median rent $1,890
  2. 2A-ProvenceMedian rent $2,280
  3. 4C+Millenium PlaceMedian rent $1,750

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. B+Lake ForestRound Rock
  2. A-Northwest FriscoFrisco
  3. ANortheast FriscoFrisco

Questions about Lake Sharon Estates Phase 3

Is Lake Sharon Estates Phase 3 a good place to live?

Lake Sharon Estates Phase 3 is a neighborhood in Corinth, TX, home to about 4,200 people. It gets a B+, in the top 28% of Texas neighborhoods, and ranks 3rd of 4 areas we score in Corinth. It does best on jobs and income and worst on cost of living.

How much does it cost to live in Lake Sharon Estates Phase 3?

Renters in Lake Sharon Estates Phase 3 pay a median of $2,120 a month, 12% higher than the Corinth median. The median home is worth $417,000, 11% higher than the Corinth median. A median home costs 3.3x the median household income, compared with 3.1x across Corinth.

What schools serve Lake Sharon Estates Phase 3?

The closest rated public schools are Hawk Elementary (elementary, rated A), Crownover Middle (middle, rated B) and Guyer High School (high, rated A). School zones can differ from the closest school, so check with the district.

This area is built from 2 Census block groups closest to the Lake Sharon Estates Phase 3 name on the map, so its edges are approximate. Sources: US Census Bureau 2020-2024 ACS 5-year, CDC PLACES 2025, Texas Education Agency, FEMA National Risk Index, Overture Maps. How we grade.