Park Cities residents have some of the priciest properties in the country.
And in the last few years, they’ve enjoyed some of the highest home appreciation in North Texas.
University Park is at the top of the list of Dallas-Fort Worth neighborhoods that has seen the biggest gain in home prices, according to a new report by Zillow.com
If you bought an $808,000 house in University Park in 2006, today it would fetch $1.248 million in the market – a gain of almost 55 percent, Zillow said in a new home price report.
Park Cities median home prices have risen another 13 percent in just the last year, local Realtor data shows.
Not just the most affluent neighborhoods are seeing home price gains.
Other top D-FW markets for recent home price increases include Lancaster, 45.4 percent, Balch Springs, 44.1 percent and McKinney 40.9 percent, Zillow said.
Nationwide, the greatest housing appreciation has been in Palo Alto, Calif. (up 105.7 percent since 2006. Prices in Richmond, Calif. have jumped almost 104 percent since late 2011, too.
Zillow.com ranked the North Texas cities that have seen the largest home price gains. (Zillow)
Steve Brown/ Dallas Morning News
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