Two Dallas neighborhoods lead all of North Texas in 10-year home price appreciation - Dallas Business Journal

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What a difference a decade makes. Median home prices have shot up 270% — from $122,000 to $450,000 — in a neighborhood just southwest of downtown Dallas. Check out the 40 ZIP codes throughout North Texas where home values have soared the most.

In today’s rankings, we started with ZIPs that had a median home value of $100,000 or more in 2012. The median value in the fastest appreciating ZIP code almost quadrupled in the past 10 years.

The resurgence of the broader Oak Cliff area dates to the early 2000s, when the city made significant streetscape improvements in Bishop Arts, she said. Older couples, retired and otherwise, also discovered the area in large numbers and moved in from other parts of Dallas or North Texas, Stolarski said.

“It's people who had been here since 2000 or 2010,” Stolarkski said. “From 2012 to 2022, they go from their original house, a 2/1 that they could afford here, and they upsize." Stolarski, who also sells homes in 75226, said it has far fewer single-family homes, so a relatively small number of sales can raise the average median value significantly."They have benefited also from proximity because they are the next neighborhood east of downtown and they also have a lot of entertainment venues inside of Deep Ellum,” she said.

 

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