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Pleasant Valley consists mainly of low-rent apartments and low-cost condos. Traditionally, it has been populated by University of Texas students attracted by the low-cost housing and transportation provided by the university, as well as young, single professionals. The neighborhood has many restaurants and service businesses to serve the large student population. A large neighborhood park is being constructed in the neighborhood, and the proximity to the lake provides this neighborhood with opportunities to walk, bike, and enjoy the outdoors.