Lake Highlands, Dallas, TX—75218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Highlands, Dallas, TX
As of Oct '25, the median home price in Lake Highlands, Dallas, TX is $538,000, with a year-over-year change of -1.3%. This indicates that home prices in Lake Highlands, Dallas, TX are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $538,000 | -1.3% |
| Single Family | $537,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $406,000 | 1.0% |
3 Bed | $529,000 | -0.9% |
4 Bed | $758,000 | -0.9% |
| 5 Bed | $1,200,000 | 2.5% |
% of Housing Stock
Rental Trends — Lake Highlands, Dallas, TX
As of July '25, Rentcast reports the average rent in Lake Highlands, Dallas, TX is $2,060, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Lake Highlands, Dallas, TX is studios: $927, 1-bedrooms: $1,360, 2-bedrooms: $1,730, 3-bedrooms: $2,810, 4-bedrooms: $4,020. The most common rental property sizes in Lake Highlands, Dallas, TX are 2-bedroom and 1-bedroom, accounting for 45.6% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $2,060 |
| Studio Rent | $750 | $927 |
| 1 Bed Rent | $1,340 | $1,360 |
| 2 Bed Rent | $1,750 | $1,730 |
| 3 Bed Rent | $2,500 | $2,810 |
| 4 Bed Rent | $3,500 | $4,020 |
% of Rental Stock
Property Listings — Lake Highlands, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Highlands, Dallas, TX is 44. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 4.0% |
Listing Count | 141 | 21.0% |
| Listings as % of Homes | 0.6% | 21.0% |
Days on Market | 44 | 7.0% |
Demographics — Lake Highlands, Dallas, TX
As of the latest ACS Survey released in 2023, Lake Highlands, Dallas, TX has a population of 22,000, which has increased by 2.1% over the past 5 years. Lake Highlands, Dallas, TX is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 61.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | 2.1% |
% Under 18 | 20.3% | 28.5% |
% Seniors | 15.7% | -9.8% |
% WFH | 18.5% | 85.0% |
% w/ College Degree | 61.4% | 14.8% |
As of the latest ACS Survey released in 2023, Lake Highlands, Dallas, TX is a predominantly white area, with 60.0% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Lake Highlands, Dallas, TX is hispanic, making up 29.8% of the population. Foreign-born residents account for 11.9% of the population in Lake Highlands, Dallas, TX, and this percentage has increased by 7.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.0% | -10.3% |
% Black | 6.5% | -8.5% |
% Hispanic | 29.8% | 33.6% |
% Asian | 0.7% | -41.7% |
% Foreign Born | 11.9% | 7.2% |
Mortgage and Risk — Lake Highlands, Dallas, TX
According to HUD data as of 2023, there were 406 mortgage originations in Lake Highlands, Dallas, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Highlands, Dallas, TX. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 406 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lake Highlands, Dallas, TX
As of 2024, the percent of homes in Lake Highlands, Dallas, TX under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Highlands, Dallas, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,340 | $1,770 |
| 2 Bedroom | $330 | $1,750 | $2,080 |
| 3 Bedroom | $110 | $2,500 | $2,610 |
| 4 Bedroom | -$150 | $3,500 | $3,350 |
Affordability — Lake Highlands, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $538,000 |
| Median Household Income | $110,000 |