Dallas isn’t short on desirable neighborhoods that all have something unique to offer home buyers. Not surprisingly, some locations have more of a laid-back residential vibe that features tree-lined streets and stately single-family homes, while others offer more of an urban living experience that’s walkable, vibrant, and full of energy.
Deep Ellum, for the most part, tends to lean towards the latter of the two, but it’s also a neighborhood that’s quickly becoming one of the hottest destinations in all of Dallas for home buyers to consider. But just what makes Deep Ellum so attractive? Well, here’s a closer look at 3 key reasons that are among a fast-growing list….
Along with hosting an art festival that’s been around since 1994, you’ll find a wide-range of art-based businesses around the neighborhood that include art galleries, photography shops, tattoo parlors, and recording studios. In other words, Deep Ellum is a great place to live if you’re someone who already works in a creative industry.
The Property Values
Along with the popularity of the neighborhood growing, property values in Deep Ellum are also appreciating quite rapidly as well. As a prospective home or condo buyer, there’s nothing more reassuring than knowing you’re also making a savvy investment, even if you plan to stay in the area for the long-haul.
According to recent data, residential units in Deep Ellum will have spiked by over 75 percent compared to just a few short years ago. Office development is also on the rise significantly as well, which means home buyers should continue to have more options to choose from. Unfortunately, you’ll still have to face stiff home buyer competition though, so be prepared to act fast if you see something you like.