Population: 7,629 in a one-mile radius. Daytime population significantly higher, 21,000.
Average income: $51,377
Traffic counts: 41,396 vehicles per day
Location: Northwest of downtown Dallas, off I-35 in a cluster that branches off Harry Hines Boulevard. The UT Southwestern Medical Center campus anchors the Medical District.
Boundaries: Mockingbird Lane on the west, Maple Avenue on the north, Inwood Drive on the east, Harry Hines Boulevard on the south
Home styles: Contemporary townhomes with a mix of charming older homes
Average home price: $260,000 or $145 per square foot
Average rent: $1 per square foot
Average lot size: One-fifth to one-eighth of an acre
Lot prices: $65,000
Where to go: Thai2Go, Jimmy John’s, Oak Lawn Avenue, Cedar Springs Road, Uptown, and even Highland Park Village are all minutes away. With the new DART station, downtown and Victory will be a five-minute train ride.
He recently bought a sleek 1,800-square-foot condominium at The Reserve on the North Campus for about $250,000. “In California, I always had roommates,” Vu says.
Bill White, president of Len Mac Development Corp., compares the area to MD Anderson in Houston. He is building 54 units—at $142 per square foot—and would like to see more community support focused on the Medical District as an affordable housing alternative for everyone, not just the medical students. “We’ve focused so much attention on revitalizing downtown,” White says. “Here’s a place with proximity, but no one knows about it outside of the medical world.”
Addresses for sale:
2325 Stutz Rd., Unit 43
2705 Maple Springs Blvd.
2403 Stutz Rd., Unit A3E