Park Cities is an area of Dallas that is really two areas. It encompasses the communities of Highland Park and University Park, both adjacent, well-to-do sections of the town. These two communities contain families with some of the highest incomes in the Dallas metroplex, and the entire state of Texas as well. Families that are looking for affluent areas in the Dallas real estate market often look carefully at Park Cities. Park Cities addresses are some of the most sought-after in the Dallas area and in Texas itself.

Together these communities have a population of around 33,000 (according to the census of 2000), and they have the reputation of being home to the most highly educated people in Texas. In University Park alone, over 82 percent of adults over 24 years of age hold at least an associate’s degree, and about 80 percent have a bachelor’s degree or higher. In Highland Park, those numbers are 76 percent and 75 percent, respectively.

Dallas real estate in Park Cities is among the highest priced in the state, and is also some of the oldest. There are many historic homes in Park Cities, and neighborhoods have a comfortable atmosphere of times gone by. For instance, Highland Park home prices range between the high $300s to around $5 million. You can also find many nice Dallas townhomes and condos in Highland Park, making it possible for people who aren’t ready for the high expense of the Park Cities to have a great neighborhood and some of Texas’ finest schools.