Park Cities is the term used when referring to two communities of Dallas County–The Town of Highland Park and the City of University Park. These cities’ residents are largely affluent and have the highest per capital income in both the Dallas-Fort Worth Metroplex and the state of Texas. University Park’s notable characteristics include high property values and a low tax rate. The city is home to Southern Methodist University and the George W. Bush Presidential Center. Located five miles north of Downtown Dallas, it provides residents with easy access to an immense range of cultural, recreational, entertainment, and employment options. University Park is regarded as Texas’ best educated city, edging out Highland Park, with 82.8% of adults holding an associate degree or higher and 80.5% of adults possessing a bachelor’s degree or higher. Highland Park is located just south of University Park and has a population of 8,862 as of 2013. Highland Park is known for its quality housing and has earned a reputation for having some of the most expensive real estate prices in the region. Residents of the Park Cities are served by the Highland Park Independent School District with Highland Park High School ranked as the 17th best overall high school in Texas by U.S. News and World Report. Notable recreation includes the exclusive Dallas Country Club located in the center of Highland Park and regarded as one of the country’s most elite playgrounds for the wealthy. The club has over 117.5 acres of land with magnificent views of Turtle Creek and the historic skyline of Downtown Dallas. The club has a long standing history and commitment as both a social and family club.
While developable land is very limited in the Park Cities area, there are few notable projects taking place inside and on the border of these districts. By the end of Summer 2016, Park Cities will have access to a brand new $28 million YMCA facility, which will replace the current 60-year-old building. One project currently under construction is the redevelopment of Saltillo Apartments. This new complex will have 258 mid-rise apartments with rents ranging from $2,500 to $5,000 according to Provident Realty Advisors.