Why Live in Highland Terrace
Highland Terrace in Richardson, Texas, is a vibrant neighborhood known for its cultural richness, particularly as the home of Dallas-Fort Worth Chinatown. This area, established by Chinese immigrants in the 1980s, serves as a cultural hub where residents and visitors enjoy a variety of Asian cuisines, from Korean to Vietnamese, at local eateries like Maru Ramen and Pho Sen Noodle and Grill. The neighborhood's Good Fortune Supermarket provides both standard groceries and unique specialty items. Highland Terrace hosts the annual Lunar New Year celebration, a highlight featuring local Asian restaurants, live performances, and cultural activities. The neighborhood is part of the Richardson Independent School District, with students attending highly rated schools such as Richardson Terrace Elementary, Apollo Junior High, and Berkner High, all offering strong STEM programs. Housing in Highland Terrace includes ranch-style homes from the 50s and 60s, alongside contemporary brick homes and New Traditional split levels. Recreational opportunities abound with Terrace Park's courts and seasonal pool, and Woodhaven Grove Park's playground and trail. The neighborhood's location along U.S. Route 75 allows for convenient travel, with downtown Dallas just 15 minutes away and Dallas Fort Worth International Airport reachable in 25 minutes. Highland Terrace is considered safer than the national average, adding to its appeal as a residential area.
Home Trends in Highland Terrace, TX
On average, homes in Highland Terrace, Richardson sell after 94 days on the market compared to the national average of 70 days. The median sale price for homes in Highland Terrace, Richardson over the last 12 months is $470,000, down 27% from the median home sale price over the previous 12 months.
Median Sale Price
$470,000
Median Single Family Sale Price
$339,900
Median Townhouse Sale Price
$410,000
Median 2 Bedroom Sale Price
$365,000
Average Price Per Sq Ft
$201
Number of Homes for Sale
2
Last 12 months Home Sales
20
Median List Price
$365,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-27%