The median household income in Highland Park is more than $234,000.
HIGHLAND PARK, Texas — If you're a Dallas native, and we told you the most expensive neighborhood in Texas was from our area, you'd probably have a good guess.
An online lender, CashNet USA, collected new data from Zillow confirming that Highland Park is the most expensive place to live in the Lone Star State.
The city, which lies about four miles north of Downtown Dallas in central Dallas County, has an average home cost of just above $7.3 million. The median household income in Highland Park is more than $234,000.
Highland Park is nestled next to an area that another study said was getting more attention than any in the country by homebuyers online. "Northeast Dallas" – which Zillow defined as Deep Ellum through as far east as the boundary of Garland and as far north as the lower edge of Richardson – had more average views per day on Zillowthan any neighborhood in the U.S.
In October of 2022, the Dallas Business Journal reported Highland Park's median home value was up up 108% over the past 10 years.
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As an enthusiast and expert in real estate and economic trends, I bring a wealth of knowledge to shed light on the intriguing dynamics of Highland Park, Texas, and its status as the most expensive neighborhood in the Lone Star State. My expertise is not merely derived from conventional wisdom but is deeply rooted in verifiable data and comprehensive studies.
Firstly, let's delve into the compelling evidence that supports Highland Park's claim to fame. According to recent data collected by CashNet USA from Zillow, Highland Park stands out as the most expensive place to live in Texas. Zillow, a reputable online real estate platform, lends credence to the statistics, affirming that the city, situated just four miles north of Downtown Dallas in central Dallas County, boasts an average home cost exceeding a staggering $7.3 million.
To bolster this claim, the median household income in Highland Park is reported to surpass $234,000. This key metric not only reflects the affluence of the residents but also contributes to the overall picture of opulence in this exclusive neighborhood. Such a high median income is a telling sign of the financial prosperity and economic standing of Highland Park's inhabitants.
Moreover, a noteworthy detail emerges when we consider the adjacent areas. A separate study, mentioned in the provided information, highlights the rising popularity of "Northeast Dallas," an area defined by Zillow as stretching from Deep Ellum to the boundary of Garland and as far north as the lower edge of Richardson. This locale, positioned next to Highland Park, has garnered unprecedented attention from homebuyers online. The sheer volume of average daily views on Zillow places Northeast Dallas at the forefront of nationwide interest.
The long-term trends are equally fascinating. The Dallas Business Journal reported a remarkable surge in Highland Park's median home value, soaring by an impressive 108% over the past decade as of October 2022. This exponential increase underscores not only the desirability of the area but also its sustained attractiveness to real estate investors and homeowners alike.
In summary, Highland Park's dominance as the most expensive neighborhood in Texas is not a mere anecdotal claim but is substantiated by concrete data from reputable sources such as Zillow and the Dallas Business Journal. The average home cost, soaring median household income, and the sustained growth in property values all contribute to the undeniable allure of this exclusive enclave in the heart of Dallas County.
