Lake Highlands, Dallas, TX—75238
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Highlands, Dallas, TX
As of Nov '25, the median home price in Lake Highlands, Dallas, TX is $609,000, with a year-over-year change of -0.5%. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $609,000 | -0.5% |
| Single Family | $611,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $358,000 | -1.6% |
3 Bed | $537,000 | -0.6% |
4 Bed | $745,000 | -0.4% |
| 5 Bed | $1,064,619 | 0.7% |
% of Housing Stock
Rental Trends — Lake Highlands, Dallas, TX
As of July '25, Rentcast reports the average rent in Lake Highlands, Dallas, TX is $1,670, with a year-over-year rent change of 30.5%. Per bedroom, the median rent as of July '25 in Lake Highlands, Dallas, TX is studios: $1,020, 1-bedrooms: $1,100, 2-bedrooms: $1,640, 3-bedrooms: $2,710, 4-bedrooms: $3,090. The most common rental property sizes in Lake Highlands, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 45.3% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,670 |
| Studio Rent | $954 | $1,020 |
| 1 Bed Rent | $1,020 | $1,100 |
| 2 Bed Rent | $1,480 | $1,640 |
| 3 Bed Rent | $2,800 | $2,710 |
| 4 Bed Rent | $2,570 | $3,090 |
% of Rental Stock
Property Listings — Lake Highlands, Dallas, TX
As of Nov '25, Realtor.com reports that the median days on market for a home in Lake Highlands, Dallas, TX is 53. This is a increase of 24.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $715,000 | 0.0% |
Listing Count | 101 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 53 | 24.0% |
Demographics — Lake Highlands, Dallas, TX
As of the latest ACS Survey released in 2023, Lake Highlands, Dallas, TX has a population of 33,400, which has remained stable by 0.7% over the past 5 years. Lake Highlands, Dallas, TX is a popular place for families, as children make up 28.7% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 0.7% |
% Under 18 | 28.7% | -2.4% |
% Seniors | 12.8% | 8.5% |
% WFH | 17.8% | 196.7% |
% w/ College Degree | 52.3% | 12.2% |
As of the latest ACS Survey released in 2023, Lake Highlands, Dallas, TX is a predominantly white area, with 50.3% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Lake Highlands, Dallas, TX is hispanic, making up 23.2% of the population. Foreign-born residents account for 18.2% of the population in Lake Highlands, Dallas, TX, and this percentage has decreased by 18.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.3% | 0.4% |
% Black | 18.1% | 4.6% |
% Hispanic | 23.2% | -8.3% |
% Asian | 3.9% | -32.8% |
% Foreign Born | 18.2% | -18.0% |
Mortgage and Risk — Lake Highlands, Dallas, TX
According to HUD data as of 2023, there were 394 mortgage originations in Lake Highlands, Dallas, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Lake Highlands, Dallas, TX. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 394 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
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 1.3%. 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 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 187 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,020 | $1,370 |
| 2 Bedroom | $130 | $1,480 | $1,610 |
| 3 Bedroom | -$780 | $2,800 | $2,020 |
| 4 Bedroom | $20 | $2,570 | $2,590 |
Affordability — Lake Highlands, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $609,000 |
| Median Household Income | $75,500 |