Neighborhood Guide
Lake Highlands Real Estate Guide
By Natalie Hatchett, Compass
Lake Highlands sits just north of White Rock Lake in Northeast Dallas — a family-first neighborhood of mid-century ranches on generous, tree-shaded lots, with lake trails, parks, and a strong sense of community. It offers more space and a gentler price of entry than Lakewood or the Park Cities while staying fifteen minutes from downtown.
What living here is like
Lake Highlands feels like a classic hometown neighborhood inside a big city. White Rock Lake and its trail system sit at the southern edge, Flag Pole Hill offers some of the best open green space in Dallas, and neighbors turn out for youth sports, school events, and the long-running Fourth of July parade.
Lake Highlands Town Center, anchored by its own DART rail station, has added restaurants and newer housing options, while quick access to Central Expressway, LBJ, and Northwest Highway keeps commutes downtown, to Richardson, and to the Telecom Corridor manageable.
The housing stock
Most single-family homes here date from the 1950s through the 1970s: brick ranches and mid-century designs on larger lots than you will find closer to the core. Many have been thoughtfully updated, and streets near the lake and Flag Pole Hill have seen a steady flow of significant remodels and new construction.
The ZIP-level numbers mix in a meaningful share of condos, townhomes, and apartment-style properties — especially in 75231 and 75243 — so median list prices across the area run well below what a renovated single-family home actually commands. Reading the market here means looking street by street.
Schools
Unusually for a Dallas neighborhood, most of Lake Highlands is served by Richardson ISD rather than Dallas ISD, with Lake Highlands High School at the center of community life. That school connection is a big part of why families who move here tend to stay for decades.
The market right now
Current figures from the September 2026 Dallas Luxury Market Report. Lake Highlands is tracked under ZIPs 75238 (the neighborhood core near White Rock Lake), 75231 (western Lake Highlands), and 75243 (northern Lake Highlands).
| ZIP | Area | Median List Price | $/Sq Ft | Median DOM | Active Listings | Buyer Demand Index |
|---|---|---|---|---|---|---|
| 75238 | Lake Highlands / White Rock Lake | $621,000 | $315 | 55 | 82 | 55.9 |
How Lake Highlands is trending
Lake Highlands month by month across every published Dallas Luxury Market Report — median values across ZIPs 75231, 75238, 75243.
Median List Price
Median Days on Market
Buyer Demand Index
Common questions
- Where is Lake Highlands in Dallas?
- Lake Highlands is in Northeast Dallas, just north and east of White Rock Lake, roughly between Central Expressway and Garland, with LBJ Freeway to the north. It sits inside the City of Dallas, about fifteen minutes from downtown.
- What school district serves Lake Highlands?
- Most of Lake Highlands is zoned to Richardson ISD and feeds Lake Highlands High School, even though the neighborhood is inside Dallas city limits. Attendance zones vary by street, so confirm the exact schools for any home you are considering.
- How does Lake Highlands compare to Lakewood?
- Both sit beside White Rock Lake, but they offer different things. Lakewood is known for 1920s and 1930s historic homes and Dallas ISD’s Woodrow Wilson feeder pattern; Lake Highlands offers mid-century homes on larger lots, Richardson ISD schools, and generally more house for the money.
- What ZIP codes cover Lake Highlands?
- Lake Highlands spans ZIPs 75238, 75231, and 75243. Monthly pricing, inventory, and demand data for each ZIP is published in the Dallas Luxury Market Report.
Thinking about Lake Highlands?
Natalie Hatchett has helped buyers and sellers across Lake Highlands and Dallas's luxury neighborhoods for two decades. Whether you're weighing a move or curious what your home is worth today, reach out for a conversation — no pressure, just straight answers.