Lake Highlands, Dallas, TX—75243
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 $295,000, with a year-over-year change of -6.1%. This indicates that home prices in Lake Highlands, Dallas, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | -6.1% |
| Single Family | $417,000 | -2.8% |
| Condos | $101,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $84,000 | -7.7% |
2 Bed | $141,000 | -7.8% |
3 Bed | $361,000 | -3.5% |
4 Bed | $570,000 | -2.1% |
| 5 Bed | $712,000 | -2.3% |
% of Housing Stock
Rental Trends — Lake Highlands, Dallas, TX
As of July '25, Rentcast reports the average rent in Lake Highlands, Dallas, TX is $1,460, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Lake Highlands, Dallas, TX is studios: $968, 1-bedrooms: $1,050, 2-bedrooms: $1,510, 3-bedrooms: $2,340, 4-bedrooms: $3,880. The most common rental property sizes in Lake Highlands, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 49.6% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,460 |
| Studio Rent | $891 | $968 |
| 1 Bed Rent | $1,000 | $1,050 |
| 2 Bed Rent | $1,460 | $1,510 |
| 3 Bed Rent | $2,230 | $2,340 |
| 4 Bed Rent | $3,190 | $3,880 |
% 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 70. This is a increase of 42.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $186,000 | -33.0% |
Listing Count | 242 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 70 | 42.0% |
Demographics — Lake Highlands, Dallas, TX
As of the latest ACS Survey released in 2023, Lake Highlands, Dallas, TX has a population of 63,900, which has decreased by -5.8% over the past 5 years. Lake Highlands, Dallas, TX is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,900 | -5.8% |
% Under 18 | 24.9% | -2.0% |
% Seniors | 9.6% | 18.5% |
% WFH | 13.4% | 294.1% |
% w/ College Degree | 34.0% | 12.2% |
As of the latest ACS Survey released in 2023, Lake Highlands, Dallas, TX is a predominantly black area, with 44.0% of the population identifying as black. The black population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Lake Highlands, Dallas, TX is hispanic, making up 23.3% of the population. Foreign-born residents account for 33.7% of the population in Lake Highlands, Dallas, TX, and this percentage has increased by 7.7% 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 | 21.9% | -9.1% |
% Black | 44.0% | -2.0% |
% Hispanic | 23.3% | 4.0% |
% Asian | 7.2% | 12.5% |
% Foreign Born | 33.7% | 7.7% |
Mortgage and Risk — Lake Highlands, Dallas, TX
According to HUD data as of 2023, there were 333 mortgage originations in Lake Highlands, Dallas, TX, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Lake Highlands, Dallas, TX. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 333 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 4.1%. 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 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,106 |
Total Units Section 8 | 877 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 83.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,000 | $1,500 |
| 2 Bedroom | $300 | $1,460 | $1,760 |
| 3 Bedroom | -$20 | $2,230 | $2,210 |
| 4 Bedroom | -$360 | $3,190 | $2,830 |
Affordability — Lake Highlands, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $295,000 |
| Median Household Income | $50,400 |