Dallas is a great city for young professionals. But which neighborhoods are best for them to live in? According to Niche.com, here are the best neighborhoods for young professionals in Dallas.
#5 Deep Ellum
Deep Ellum is adjacent to downtown and is known for its vibrant street murals, quirky art galleries, and long-time concert venues for indie music. Most people (77%) rent here and pay a median rent of $1,287 and the median home value is $265K.
Deep Ellum was established in 1873 in an area east of downtown Dallas as a residential and commercial neighborhood. It was one of Dallas’ first residential districts for African-Americans and European immigrants and is one of the most historically significant neighborhoods in the city. In 1914, Henry Ford selected this neighborhood to be one of the factories building his famous Model T cars. Besides initially being industrial, Deep Ellum’s main claim to fame has always been its music and art. Today, Deep Ellum’s former factories have been converted to trendy apartments, condos, shops, and restaurants.
#4 Lower Greenville
Though still better known as an entertainment district featuring many of Dallas’ best bars and restaurants, Lower Greenville has recently cleaned up this reputation to become a community of residents committed to making their neighborhood even better. The neighborhood has lots of restaurants, coffee shops, and parks. The big annual event in Lower Greenville is its St. Patrick’s Day parade, which is one of the best not to miss events in Dallas each year.
The median rent in Lower Greenville is a reasonable $1,350 and the median home value is about $400K.
#3 Caruth Terrace
Caruth Terrace is bounded by Skillman Street on the west, the Dallas Area Rapid Transit (DART) Blue Line on the north, Abrams Road on the east, and Mockingbird Lane on the south. Caruth Terrace has an urban feel and is more affordable than some of the other popular neighborhoods on this list. Rent here is about $1,470 per month and the median home value is $280K, which isn’t bad. It does have a slightly higher crime rate than some of the other neighborhoods on the list, which may explain its lower cost of living.
#2 Greenland Hills
Greenland Hills is also known as the M-Streets because you guessed it – a lot of the streets begin with the letter M. This area has more of an urban/suburban mix with 44% of people renting and the rest owning their homes. The median home value in this neighborhood is $427K and the average rent is $1,797. Not only does Niche.com rate Greenland Hills as the #2 neighborhood in Dallas for young professionals, but also rates it as #8 for the best neighborhoods to live in Dallas and 14th best to raise a family. The median household income is $108K for this neighborhood.
#1 Uptown
Uptown is connected to downtown via Klyde Warren Park and has an urban feel with lots of bars, restaurants, fitness studios, and parks. Approximately 82% of people rent in Uptown with an average rent of $1,720. This is high compared to the national average of $949. If you are going to buy in Uptown, you are looking at a median value of $537K. The average household income is about $106K for Uptown residents.
Once it Uptown, it is easy to see why so many young professionals call it home. It’s an extremely livable urban neighborhood with something for everyone just a few steps away.
There you have 5 best neighborhoods in Dallas for young professionals. Dallas has so many neighborhoods that it may be difficult to pick which one is the best for you. I hope this helps!
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