Neighborhood in Denton, Denton County

Living in Lake Sharon Estates Phase 3, Denton

B

2nd of 8areas in Denton
Overall score 68 of 100 vs Texas neighborhoods
Denton overall: C-

Lake Sharon Estates Phase 3 is a neighborhood in Denton, TX, home to about 9,400 people. It gets a B, in the top 36% of Texas neighborhoods, and ranks 2nd of 8 areas we score in Denton. It does best on internet access and worst on cost of living.

  • Well connected
  • Lots of parks
  • Tornado risk is very high
  • Hail risk is very high

Closest everyday places

Grocery store0.8 mi
Pharmacy0.4 mi
Park0.2 mi
Cafe0.5 mi
Restaurant0.4 mi
Gym0.6 mi
Hospital or urgent care1.4 mi
Childcare1.3 mi
Library1.7 mi

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

Population
9,370
Median rent
$2,420
Median home value
$380,000
Household income
$112,300
Average commute
28 min
Homes owned
75%
Loading map

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

Lake Sharon Estates Phase 3 is a neighborhood in Denton with about 9,400 residents, mostly newer homes (median year built 2006), mostly owner-occupied (75%) and 38% of households with children.

Our grade for Lake Sharon Estates Phase 3 is B. That puts it 2nd of 8 areas we grade in Denton, a city that gets a C- overall.

Pros of living in Lake Sharon Estates Phase 3

  • Higher incomes. The median household earns $112,300, 48% higher than the Denton median.
  • 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

  • Pricier rent than the city. Median rent is $2,420, 70% higher than the Denton median.
  • 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 $2,420, homes cost 3.4x income.

    23 of 100 vs TX areas

  • Jobs and income: grade B

    Median household income $112,300, 2.1% unemployed.

    68 of 100 vs TX areas

  • Schools: grade B+

    Nearby schools average 87 of 100 on the state rating.

    77 of 100 vs TX areas

  • Safety: no grade

    Citywide, 205 violent crimes per 100k, 1,735 property crimes per 100k.

    No score vs TX areas

  • Errands and things to do: grade B-

    Most everyday stores and services within a mile of homes.

    57 of 100 vs TX areas

  • Getting around: grade D+

    Average commute 28 min, 11% work from home.

    31 of 100 vs TX areas

  • Education levels: grade C+

    32% have a bachelor’s degree.

    49 of 100 vs TX areas

  • Health: grade C

    13% of adults uninsured.

    44 of 100 vs TX areas

  • Home ownership: grade B

    75% of homes owner-occupied.

    66 of 100 vs TX areas

  • Internet access: grade A

    100% of homes have broadband.

    91 of 100 vs TX areas

Lake Sharon Estates Phase 3 compared with Denton

Better than Denton

  • Homes owned by the people living in them: 75%25 points higher than Denton (50%)
  • Median household income: $112,30048% higher than Denton ($76,019)
  • Home value to income: 3.4x26% lower than Denton (4.6x)

Worse than Denton

  • Median rent: $2,42070% higher than Denton ($1,420)
  • Adults with a bachelor's degree or higher: 32%10 points lower than Denton (42%)
  • Average commute: 28 min17% higher than Denton (24 min)

Closest public schools

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

  • BNelson ElementaryElementary, Denton ISD0.7 mi
  • BCrownover MiddleMiddle, Denton ISD1.1 mi
  • AGuyer High SchoolHigh, Denton ISD1.3 mi

Cost of living in Lake Sharon Estates Phase 3

Median rent in Lake Sharon Estates Phase 3 is $2,420 a month, 70% higher than the Denton median. A household would need about $97,000 a year to keep that rent at 30% of income.

The median home is worth $380,000, 9% higher than the Denton median, which means a monthly payment of about $2,573 with property tax at today's mortgage rates.

MeasureHereDentonTexas
Median rent70% higher than Denton$2,420$1,420$1,403
Median home value9% higher than Denton$380,000$348,200$283,800
Home value to income26% lower than Denton3.4x4.6x3.6x
Renters paying 30%+ of income on rent3 points higher than Denton64%61%52%
Homes owned by the people living in them25 points higher than Denton75%50%63%
Vacant homes3 points lower than Denton2.9%6.4%9.4%
Median year homes were builtAbout the same as Denton200619971992

Monthly cost to buy a median home

$2,573
Mortgage payment
$2,080
Property tax
$493
Median rent, for comparison
$2,420

Based on a $380,000 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

MeasureHereDentonTexas
Median household income48% higher than Denton$112,300$76,019$78,476
Unemployment rate3 points lower than Denton2.1%5.1%5.3%
People below the poverty line6 points lower than Denton9.4%16%14%
Adults with a bachelor's degree or higher10 points lower than Denton32%42%34%
Average commute17% higher than Denton28 min24 min27 min
Workers who work from home3 points lower than Denton11%14%14%
Workers who walk, bike or take transit5 points lower than Denton0.1%5.4%2.6%
Homes with broadband internet8 points higher than Denton100%92%91%

Natural hazard risk

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

  • River floodingLow
  • HurricanesLow
  • TornadoesVery high
  • HailVery high
  • Heat wavesHigh
  • WildfiresHigh
  • Winter stormsLow
  • Strong windLow

Who lives in Lake Sharon Estates Phase 3

Under 1823%
18 to 3425%
35 to 6441%
65 and over10%
Race and ethnicity
White57%
Hispanic or Latino27%
Black8.3%
Asian2.5%
Other or more than one race4.9%

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

Other neighborhoods in Denton

  1. 1B+East DentonMedian rent $1,650
  2. 3C+South DentonMedian rent $1,710
  3. 4CSouthwest DentonMedian rent $1,160
  4. 5CCentral DentonMedian rent $1,590
  5. 6C-Southeast DentonMedian rent $1,580
  6. 7D+Brentwood PlaceMedian rent $1,740
  7. 8DDenton SquareMedian rent $1,140

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. B-Horizon LakeLeander
  2. B-Lake Port VillageGrand Prairie
  3. A-ShadowcreekThe Woodlands

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 Denton, TX, home to about 9,400 people. It gets a B, in the top 36% of Texas neighborhoods, and ranks 2nd of 8 areas we score in Denton. It does best on internet access 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 $2,420 a month, 70% higher than the Denton median. The median home is worth $380,000, 9% higher than the Denton median. A median home costs 3.4x the median household income, compared with 4.6x across Denton.

What schools serve Lake Sharon Estates Phase 3?

The closest rated public schools are Nelson Elementary (elementary, rated B), 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 4 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.