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  5. /Lake Highlands, Dallas, TX - 75218

Lake Highlands, Dallas, TX—75218

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$559,000
0.9% YoY Growth
Household Income
$110,000
41.2% YoY Growth
Days on Market
36
3.0% Shorter YoY
Home Price Forecast
-0.1%
Median Rent
$1,780
8.0% YoY Growth
1-Bed Rent
$1,340
4.6% YoY Growth
2-Bed Rent
$1,750
6.5% YoY Growth
3-Bed Rent
$2,500
2.8% YoY Growth

Other Zip Codes in Lake Highlands, Dallas, TX

7524375238
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lake Highlands, Dallas, TX

As of May '26, the median home price in Lake Highlands, Dallas, TX is $559,000, with a year-over-year change of 0.9%. This indicates that home prices in Lake Highlands, Dallas, TX are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$559,0000.9%
Single Family $560,0001.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$419,0003.7%
    3 Bed
    		$549,0001.7%
    4 Bed
    		$791,0001.9%
    5 Bed $1,293,2164.4%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    10.8%
    2 Bedrooms
    28.0%
    3 Bedrooms
    44.7%
    4 Bedrooms
    12.1%
    5+ Bedrooms
    2.9%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    26.8%
    2 Bedrooms
    45.6%
    3 Bedrooms
    19.5%
    4 Bedrooms
    3.9%
    5+ Bedrooms
    0.3%

    Property Listings — Lake Highlands, Dallas, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Lake Highlands, Dallas, TX is 36. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$785,0001.0%
    Listing Count
    		1405.0%
    Listings as % of Homes0.6%5.0%
    Days on Market
    		36-3.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		22,0002.1%
    % Under 18
    		20.3%28.5%
    % Seniors
    		15.7%-9.8%
    % WFH
    		18.5%85.0%
    % w/ College Degree
    		61.4%14.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$559,000
    Median Household Income$110,000

    Lake Highlands, Dallas, TX — ZIP Code Boundary Map

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    Frequently Asked Questions