Cedar Park's economy has diversified beyond its residential-suburb roots. Firefly Aerospace has its headquarters in Cedar Park and manufactures space launch vehicles with contracts from NASA and Northrop Grumman, having expanded its facility outside the city in 2024. Enovis, a medical technology company, announced a $25.5 million expansion with a 100,000-square-foot manufacturing facility in Cedar Park's New Hope development, bringing at least 162 new jobs. Cedar Park Regional Medical Center, a 93-bed hospital, provides emergency, surgical, and inpatient care and employs hundreds of healthcare workers. ETS-Lindgren, a manufacturer of electromagnetic shielding and test systems, operates in Cedar Park as well. The 1890 Ranch shopping center on Whitestone Boulevard offers over 80 stores and restaurants including Target, Academy, H-E-B, and a 12-screen Cinemark theater. The H-E-B Center at Cedar Park, an 8,700-seat multi-use arena, hosts the Texas Stars AHL hockey team, concerts, and family events throughout the year.
Park Place's central Cedar Park location balances residential quiet with access to the city's expanding commercial base. The subdivision's position off Bell Boulevard and Park Street keeps through-traffic to a minimum, while H-E-B, Randalls, and Target on Whitestone Boulevard and US 183 are within a five- to ten-minute drive for grocery shopping and daily errands. Dining options range from chains along US 183 to locally owned restaurants scattered around Bell Boulevard and the downtown Cedar Park area. Park Place Park's playground, basketball court, and trails handle routine outdoor activity for families without requiring a drive to a larger facility, though Brushy Creek Lake Park's 90 acres and the 6.75-mile Brushy Creek Regional Trail are available for longer outings.
The median age of 34 in Park Place suggests a resident base of younger families and working-age adults, and Leander ISD's school presence — with Cox and Reed Elementary, Henry Middle, and Cedar Park High all within minutes — supports that demographic. Cedar Park High's 1,937-student enrollment and seven state marching band titles reflect both the school's size and its extracurricular investment. Commuters heading south to Austin can take US 183 or the 183A Toll Road, reaching downtown in 25 to 35 minutes. The Capital Metro Red Line station in Leander is approximately 10 minutes north for those preferring rail transit. Cedar Park's economic growth, led by Firefly Aerospace's expansion and Enovis's new facility, has added technical and manufacturing jobs that did not exist in the city a decade ago, reducing the commute burden for residents who can work locally. The H-E-B Center at Cedar Park adds an entertainment anchor with AHL hockey, concerts, and community events, giving the city a venue that draws attendees from across the metro.
Park Place is served by Leander Independent School District, which covers 200 square miles across Cedar Park, Leander, and surrounding communities. LISD has earned consistently strong accountability ratings from the Texas Education Agency.
School District: Leander ISD
Source: U.S. Census Bureau, American Community Survey.
Park Place is served by Leander Independent School District. Students attend Cox or Reed Elementary, Artie L. Henry or Cedar Park Middle School, and Cedar Park High School.
The median household income in Park Place is approximately $105,451, with a median age of 34. The neighborhood has about 951 residents.
Park Place is approximately 25 to 35 minutes from downtown Austin via US 183 or the 183A Toll Road. The Capital Metro Red Line station in Leander is about 10 minutes north.
Park Place has its own neighborhood park with a playground and basketball court. Brushy Creek Lake Park (90 acres) and the 6.75-mile Brushy Creek Regional Trail are nearby.
Firefly Aerospace (rocket manufacturing), Enovis (medical devices), Cedar Park Regional Medical Center, and ETS-Lindgren (electromagnetic shielding) are among the city's largest employers.
Park Place has a homeowners association that manages common areas and community amenities. Contact the Park Place HOA directly for current dues and community guidelines.