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Deep Ellum Home for Sale

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    $575,000

    • 3 Beds
    • 2.5 Baths
    • 2,297 Sq Ft

    506 1st Ave, Dallas, TX 75226

    Unique opportunity for luxury urban living in sought after location... just around the corner from Deep Ellum, the Dallas Farmers Market, Fair Park, and more! This modern four story townhome features high end finishes throughout! Upon entering through the private 2 car garage, you will be greeted by stained concrete floors, a spacious guest suite with a full bath, and access to the enclosed

    Cindy O'Gorman Ebby Halliday, REALTORS

    506 1st Ave, Dallas, TX 75226

Why Live in Deep Ellum

Deep Ellum is a vibrant neighborhood in Dallas known for its lively arts and music scene. It is home to more than 30 live music venues, including the Bomb Factory and Trees, which have hosted iconic acts, such as Nirvana and Pearl Jam. The area's housing styles include converted loft apartments, condos and townhouses. Single-family homes rarely go on the market. The streets of Elm, Main, and Commerce offer a diverse range of dining options, including Mexican food at Vidorra and Asian street food at Hawkers. Residents have the convenience of being about a mile from the Dallas Farmers Market and traditional grocery stores. While green spaces are limited, Carpenter Park has walking paths, basketball courts and a dog play area. The neighborhood is well-connected, with easy access to the Central Expressway and Interstate 30. Commuters have access to public transit through the Dallas Area Rapid Transit (DART) bus and the Green Line light rail. Deep Ellum is less than a mile from Baylor University Medical Center and less than 10 miles from Dallas Love Field Airport. The Dallas Independent School District serves the area. North Dallas High School has a P-Tech program that allows students to earn an associate's degree. Crime rates in Deep Ellum are comparable to the national average, making it a practical choice for those seeking an urban lifestyle with a rich cultural backdrop.

Frequently Asked Questions

Is Deep Ellum a good place to live?
Deep Ellum is a good place to live. Deep Ellum is considered very walkable and very bikeable with great transit options. Deep Ellum has 4 parks for recreational activities. It has a median age of 35. The average household income is $80,044 which is below the national average. College graduates make up 55.6% of residents. A majority of residents in Deep Ellum are renters, with 95.6% of residents renting and 4.4% of residents owning their home. A local real estate agent serving Deep Ellum can help you decide if this neighborhood is the right one for you. Learn more on our Deep Ellum neighborhood guide.
Is Deep Ellum, TX a safe neighborhood?
Deep Ellum, TX is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Deep Ellum?
The median home price in Deep Ellum is $587,000. If you put a 20% down payment of $117,400 and had a 30-year fixed mortgage with an interest rate of 6.15%, your estimated principal and interest payment would be $2,860 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $123K a year to afford the median home price in Deep Ellum. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Deep Ellum is $80K.
What are the best public schools in Deep Ellum?
The best public schools that serve Deep Ellum are:
What are the best private schools in Deep Ellum?
The best private schools that serve Deep Ellum are:
What are the most popular zip codes in Deep Ellum, Dallas, TX?
The most popular zip codes in Deep Ellum, Dallas, TX include 75226, 75201, 75215, 75204 and 75246.
What are the most popular neighborhoods near Deep Ellum, Dallas, TX?
The most popular neighborhoods near Deep Ellum, Dallas, TX are South Dallas, Downtown Dallas, Old East Dallas, The Cedars and Arts District.

Home Trends in Deep Ellum, TX

Housing Trends

Median Sale Price
$569,000
Median Townhouse Sale Price
$575,000
Median 1 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$261
Number of Homes for Sale
1
Last 12 months Home Sales
3
Months of Supply
4.00
Median List Price
$587,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
24%
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