They might as well make this a Wikopedia fact: when gays move into a neighborhood, home values spiral upwards. A few days ago an article in The Dallas Voice asked, what areas do we call the “Gayborhood” in Dallas?
Is it a two-block radius around The Crossroads? The better part of Dallas County? Your bedroom on a Saturday night?
What would you say, about the area (not the bedroom)? The intersection of Cedar Springs and Throckmorton? Oak Lawn was Dallas’ first real Gayborhood, but now the happiness has spread to Bishop Arts, Beckley Club Estates, and the Disney Streets. Look at this great home at 1347 Michigan Avenue — it’s pending, and it moved pretty fast: $294,900. Located in hilly, sunny Beckley Club Estates just east of the Dallas Zoo, the home was beautifully redone by builder Marc Marion, who works magic turning 50′s ranches into sleek, contemporary jewel boxes. This one has 3450 square feet on a third of an acre, three bedrooms, three baths and a half, and glorious everything. Listed June 25, it was priced at $319,000 but dipped down to $294,900 and someone said, sold!
Anyhow, that’s at least three neighborhoods I can think of where the gay influx has brought up values and brought in good taste. Where are others?
— Daily Local Real Estate Dish By Dallas Real Estate Insider — Candy Evans at CandysDirt.com