Park Cities is a term used to describe two areas of Dallas: Highland Park and University Park, which are adjacent to one another. These affluent suburbs of Dallas are known for having some of the highest income and the most expensive houses in the Dallas area, as well as the state of Texas.
In fact, the real estate in the Park Cities area is highly coveted among those seeking an upper-class lifestyle in Dallas. The real estate in these areas is not only some of the most expensive, but some of the oldest, as well. It is commonplace to see stately, historic Tudors and Colonials amidst perfectly manicured lawns, lush gardens and towering oaks.
Both Highland Park and University Park are served by the Highland Park Independent School District, which is one of the most highly coveted districts in the Dallas Metroplex.
Park Cities also enjoys a convenient location near downtown Dallas and the Dallas-Fort Worth International Airport, which is ideal for professionals, as well as those that enjoy the excitement, sites and sounds of the city and its culture, restaurants, shopping and entertainment.
Highland Park homes range in price from the high $300,000s to well over $5 million. The median price for a home in Highland Park is $1.2 million. In addition to single-family homes, Highland Park and University Park also have a nice selection of townhomes and condos for those seeking the Park Cities lifestyle on a more affordable level.
Other reasons to love Highland Park include its beautiful parks, tree-lined streets, public libraries and great shopping. The Highland Park Villages and Shops boast great, upscale shops and boutiques.
University Park features many, historic homes, most of which are priced for the most affluent of Dallas residents. Formed around the University Park Civic Foundation, which serves its residents through educational and charitable activities, University Park enjoys a strong sense of community.
University Park real estate, which rivals Highland Park in terms of median price, has enjoyed a cumulative appreciation on its real estate of 99 percent annually, which is in the top 30 percent of communities nationwide.