One of the coolest neighborhoods in Dallas has been an entertainment destination for residents and visitors for quite a while — since 1873, to be exact. Live music, fantastic restaurants, friendly bars, mom-and-pop retailers, art galleries and tattoo shops all come to mind when anyone mentions Deep Ellum — which also make it a unique and lively place to set up residence. 

Here, we dive into the residential market in Deep Ellum and the nearby neighborhoods of downtown Dallas and Victory Park, giving you an overview of what to expect when looking for a home. The market for homes in all three areas right now is white-hot, so if you're ready to go on the hunt for a new place, there's never been a better time to live in the heart of the city.

Deep Ellum 

Yes, much of the Deep Ellum residential offerings fall squarely in the rental category, with apartments and lofts at the top of the category list. Properties for sale can be acquired, however, if you have an experienced agent keeping an eye on the neighborhood for you. When residences do pop up for purchase, you can expect a quirky charm or industrial edge to nearly every listing, which fits the neighborhood vibe perfectly. 

Blank-canvas warehouse lofts can be found regularly in the area, too, but patience is key if you wish to reside in Deep Ellum proper. That's why many of the district's biggest fans look to put down roots in nearby neighborhoods while still being able to make Deep Ellum a part of their daily routine. 

Downtown Dallas

Deep Ellum and downtown Dallas coexist with only a street or two separating the otherwise very distinct areas, meaning you could live on the far east side of downtown and walk to Deep Ellum in a matter of minutes. The residential-purchase opportunities in downtown are considerably more abundant, with high-rise living being the most prominent, followed by brownstone-style condominiums and mid-rise options. Prices start around $200,000 and go up to $15 million or more. 

The square footage can swing dramatically in every price range, so it's important to take into consideration the location and building's amenities to help make your decision. In the higher multimillion-dollar price ranges, the quality of the view will certainly make a difference, as well as amenities such as your own private pool and multiple private terraces with panoramic vistas in every direction.

Victory Park

A short drive from Deep Ellum, Victory Park represents one of the newer neighborhoods in the central business corridor of Dallas. Much like downtown, the residential opportunities here include mostly mid-rise and high-rise condominiums, but one of the biggest perks of being just outside of downtown is the ability to enjoy incredible views of downtown. Because of the proximity between these three neighborhoods, you can find options in each at similar price points, but many Victory Park residences feature lower square footage than comparably priced downtown units. 

It really boils down to location and overall amenities that appeal specifically to you. Currently, the starting price for a place in Victory Park hovers right around $300,000 for a little less than 1,000 square feet. If your budget falls in the multimillion-dollar range, you can score a spectacular residence in one of the equally spectacular high-rises in the area — think $3 million and up. 

Ready to join the search for a home near Deep Ellum? Get in touch with Briggs Freeman Sotheby's International Realty agents to explore the latest listings.