Lakewood

Dallas, TX

Neighborhood Market Analysis

Q3 2025 Report
$1,497,500 (June 2025)
Median Home Price
62 (moderate; higher near Lakewood Shopping Center)
Walkability Score
Lakewood Elementary is among the highest-rated in Dallas ISD; private options are strong.
School Rating

Location Overview

Neighborhood Boundaries

Generally east of Abrams Rd, west of White Rock Lake, north of Gaston Ave, and south of Mockingbird Ln. Includes Lakewood Proper, Lakewood Heights, and adjacent enclaves.

Zip Codes

75214

Market Data Summary

Price Range$900,000 to $3,500,000+ (varies by subarea and property type)
Price per Sq Ft$502 (June 2025)
Inventory Levels63 homes for sale (June 2025), up 10.5% MoM; 40 homes for sale (Jan 2025); inventory rising.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric estatesLuxury new buildsTownhomes (limited)

Architectural Styles

Tudor RevivalColonial RevivalCraftsmanModern FarmhouseContemporary

Property Details

Typical Lot Sizes0.2 to 0.5 acres; larger lots near the lake and in historic sections.
Home Age Range1920s–present (many 1920s–1940s originals, plus new construction)
Construction QualityHigh; mix of preserved historic homes and luxury new builds with premium finishes.

Community Profile

Demographics & Lifestyle

Demographics

Affluent, highly educated, predominantly professional and executive households; mix of families, established professionals, and some retirees.

Community Vibe

Active, outdoorsy, community-oriented, historic charm blended with modern luxury.

Typical Residents

  • Families
  • Young professionals
  • Executives
  • Retirees

Family Friendly

Very; top-rated schools, parks, and family amenities.

Amenities & Lifestyle

Parks & Recreation

  • White Rock Lake
  • Lakewood Park
  • Dallas Arboretum

Dining Options

  • Lakewood Smokehouse
  • Matt’s Rancho Martinez
  • Hudson House

Shopping Centers

  • Lakewood Shopping Center
  • Hillside Village

Local Businesses

  • Lakewood Growler
  • Times Ten Cellars
  • Lakewood Hardware

Education & Schools

Lakewood Elementary is among the highest-rated in Dallas ISD; private options are strong.
Overall School Rating

Elementary Schools

  • Lakewood Elementary (Dallas ISD, highly rated)

Middle Schools

  • J.L. Long Middle School

High Schools

  • Woodrow Wilson High School

Private Schools

  • Lakehill Preparatory
  • St. Thomas Aquinas

Transportation & Accessibility

Transit & Roads

Public Transit

  • DART bus routes nearby; nearest DART rail at Mockingbird Station (short drive)

Major Roads

  • Abrams Rd
  • Mockingbird Ln
  • Gaston Ave

Commute & Walkability

Commute Times10–20 minutes to Downtown Dallas by car; 20–30 minutes to major employment centers.
WalkabilityModerate; walkable to shops/restaurants in core, car needed for most errands.
ParkingGenerally good; most homes have garages/driveways, street parking available.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Executives relocating to Dallas
  • Move-up buyers from other Dallas neighborhoods

Key Selling Points

  • Top-rated Lakewood Elementary
  • Access to White Rock Lake and parks
  • Historic architecture and luxury new builds
  • Vibrant local dining and shopping

Pricing Considerations

Price competitively given rising inventory and longer DOM; avoid overpricing as buyers have more options.

Common Objections & Response Strategies

Objection: High home prices compared to other Dallas neighborhoods

Response Strategy:

Highlight school quality, community amenities, and long-term value retention.

Objection: Longer days on market and rising inventory

Response Strategy:

Emphasize unique property features, recent upgrades, and the neighborhood’s enduring desirability.

Objection: Potential for short-term price declines

Response Strategy:

Focus on Lakewood’s historical resilience and long-term appreciation, plus lifestyle benefits.

Investment Insights

Investment Potential

Appreciation Potential

Historically strong, but 2025 may see flat or slight declines due to DFW-wide correction; long-term outlook remains positive due to location and school quality.

Rental Demand

High for luxury rentals and executive homes; limited for entry-level rentals.

Buyer Competition

Moderate; more inventory and longer DOM in 2025, but premium homes still attract multiple offers.

Best For

  • Families seeking top schools
  • Luxury buyers
  • Long-term investors

Potential Concerns

  • High entry price
  • Rising inventory and longer DOM
  • Potential for short-term price correction

Professional Recommendations

1

Leverage school ratings and proximity to White Rock Lake in all marketing.

2

Educate buyers on long-term value and resilience of Lakewood compared to broader DFW trends.

3

Stage homes to highlight family spaces, outdoor living, and historic charm.

4

Advise sellers to price realistically and be prepared for longer marketing times in 2025.

5

Target marketing to affluent families and executive relocators.

Competitive Analysis

Comparable Markets

  • Highland Park
  • University Park
  • M Streets
  • Old East Dallas

Market Positioning

Premium, family-oriented, historic yet vibrant neighborhood with strong schools and outdoor amenities.

Competitive Advantages

  • Top public elementary school
  • Proximity to White Rock Lake
  • Blend of historic and luxury homes

Price Comparison

Lakewood is priced above Old East Dallas and M Streets, but below Highland Park/University Park.

Investment Metrics

2.5%–3.5% (luxury single-family homes)
Cap Rates
2%–3% (limited by high home values)
Rental Yields
High (ownership favored over investment for cash flow)
Price-to-Rent
Low for traditional rentals; higher for luxury executive rentals or furnished short-term leases.
Cash Flow
Flat to -5% in 2025, but strong long-term due to location and school demand.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high entry price; best suited for affluent buyers or those with significant equity.

Move-Up Buyers

Strong appeal for families upgrading from other Dallas neighborhoods seeking better schools and amenities.

Downsizers

Attractive for affluent downsizers wanting luxury, low-maintenance homes near parks and culture.

Investors

Best for long-term appreciation or luxury rental strategies; not ideal for cash flow-focused investors.

Relocators

Popular with executives and professionals relocating to Dallas for proximity to downtown and lifestyle.

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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