Lake Highlands

Dallas, TX

Neighborhood Market Analysis

Q3 2025 Report
$525,000 (Q2 2025)
Median Home Price
55-65 (varies by sub-area; higher near shopping/dining nodes)
Walkability Score
Public schools in Lake Highlands are highly rated within Richardson ISD, with several campuses recognized for academic achievement and community engagement[1].
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by I-635 (north), White Rock Lake (south), Central Expressway/US-75 (west), and Plano Road (east).

Zip Codes

752317523875243

Market Data Summary

Price Range$350,000 - $1.3M+ (single-family); $220,000 - $400,000 (condos/townhomes)
Price per Sq Ft$230 - $320/sq ft (2025)
Inventory LevelsLow to moderate; new listings are absorbed quickly, especially in family-friendly pockets.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondosDuplexes

Architectural Styles

RanchMid-century modernTraditionalContemporary remodels

Property Details

Typical Lot Sizes0.18 - 0.35 acres for single-family homes
Home Age Range1950s - 1980s (majority), with ongoing renovations and teardowns
Construction QualityGenerally solid, with many homes updated or expanded; some original homes may require modernization.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, families, and long-term residents. Increasing influx of dual-income households and professionals relocating from other metro areas.

Community Vibe

Active, engaged, and neighborly. Strong PTA and neighborhood associations. Frequent block parties and local events.

Typical Residents

  • Families with children
  • Young professionals
  • Retirees
  • Investors

Family Friendly

Highly rated for families due to strong schools, parks, and community events.

Amenities & Lifestyle

Parks & Recreation

  • White Rock Lake
  • Flag Pole Hill Park
  • Lake Highlands North Recreation Center
  • Trail systems (White Rock Creek, SoPac)

Dining Options

  • Resident Taqueria
  • RM 12:20 Bistro
  • Highland Park Cafeteria (legacy)
  • Multiple fast-casual and ethnic eateries

Shopping Centers

  • Lake Highlands Town Center
  • NorthPark Center (nearby)
  • Skillman Abrams Shopping Center

Local Businesses

  • White Rock Coffee
  • Vector Brewing
  • Lake Highlands Creamery
  • Local pet boutiques

Education & Schools

Public schools in Lake Highlands are highly rated within Richardson ISD, with several campuses recognized for academic achievement and community engagement[1].
Overall School Rating

Elementary Schools

  • Moss Haven Elementary
  • Wallace Elementary
  • Lake Highlands Elementary

Middle Schools

  • Lake Highlands Middle School
  • Forest Meadow Junior High

High Schools

  • Lake Highlands High School

Private Schools

  • St. James Episcopal School
  • Lake Highlands Montessori
  • Dallas Lutheran School

Transportation & Accessibility

Transit & Roads

Public Transit

  • DART Blue Line (Lake Highlands Station)
  • Bus routes along Skillman, Abrams, Walnut Hill

Major Roads

  • I-635
  • US-75 (Central Expressway)
  • Skillman St
  • Abrams Rd
  • Plano Rd

Commute & Walkability

Commute Times15-25 minutes to Downtown Dallas (off-peak); 30-40 minutes during rush hour.
WalkabilityModerate; walkable to parks and some retail nodes, but car-dependent for most errands.
ParkingAmple street and driveway parking for single-family homes; some congestion near schools during drop-off/pick-up.

Marketing Intelligence

Target Buyer Types

  • Families with school-aged children
  • Relocating professionals
  • Move-up buyers
  • Investors

Key Selling Points

  • Top-rated schools
  • Active neighborhood associations
  • Access to parks and trails
  • Convenient commute to downtown

Pricing Considerations

Homes priced competitively and staged well sell quickly; overpricing leads to extended days on market.

Common Objections & Response Strategies

Objection: Concerns about traffic safety and speeding near schools.

Response Strategy:

Highlight recent city initiatives: extended school zones, new crosswalks, increased police presence, and ongoing traffic studies[1][2][3].

Objection: Older homes may need updates or repairs.

Response Strategy:

Emphasize prevalence of renovated homes, available contractor resources, and potential for value-add improvements.

Objection: Moderate walkability and car dependence.

Response Strategy:

Point out walkable pockets near Town Center and parks, and easy access to DART for commuters.

Investment Insights

Investment Potential

Appreciation Potential

Strong, driven by school quality, community engagement, and proximity to White Rock Lake. 4-5% annual appreciation projected for 2025.

Rental Demand

High, especially for updated homes and units near DART. Popular with young professionals and families awaiting home purchases.

Buyer Competition

Moderate to high, especially for move-in ready homes under $700K.

Best For

  • Families seeking top public schools
  • Young professionals
  • Investors targeting stable rental income

Potential Concerns

  • Traffic safety near schools and major roads[1][2][3]
  • Older homes may require updates
  • Rising property taxes

Professional Recommendations

1

Stay current on school zone safety improvements and communicate these to buyers[1][2][3].

2

Network with local contractors for renovation-ready listings.

3

Leverage neighborhood association events for off-market opportunities.

4

Highlight walkability to parks and Town Center in marketing materials.

5

Monitor city council and ISD updates for future developments impacting value.

Competitive Analysis

Comparable Markets

  • East Dallas (Casa Linda, Old Lake Highlands)
  • Richardson
  • Preston Hollow (higher price point)

Market Positioning

Lake Highlands is positioned as a family-friendly, established neighborhood with strong schools and outdoor amenities, offering better value than Preston Hollow and more space than East Dallas.

Competitive Advantages

  • Top public schools
  • Proximity to White Rock Lake
  • Strong community engagement

Price Comparison

Generally more affordable than Preston Hollow, but higher than most of East Dallas and Richardson for comparable school zones.

Investment Metrics

3.8% - 4.5% (single-family rentals, 2025)
Cap Rates
5.2% average gross yield for updated homes
Rental Yields
18-21 (2025)
Price-to-Rent
Positive for well-priced, updated properties; best returns on homes near DART or with ADU potential.
Cash Flow
4-5% annual appreciation projected through 2026.
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from strong schools and community; may face competition and need to consider homes needing updates.

Move-Up Buyers

Attracted by larger lots, established trees, and opportunity to customize older homes.

Downsizers

Appreciate single-story ranches and proximity to parks; limited new-build options.

Investors

Strong rental demand and appreciation; focus on updated or easily renovated properties.

Relocators

Drawn by schools, amenities, and access to major employers.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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