Updated October 2026 · Northeast Dallas

Lake Highlands Homes for Sale

This is the buyer side of Lake Highlands: what a home costs to own here, where buyers start, what to check before you offer, and how the purchase works in Texas. For location, lifestyle and pros and cons, see the Lake Highlands home values guide.

What a Lake Highlands home costs to own

Redfin reported the Lake Highlands neighborhood median sale price at about $630,000, up 5.1 percent from a year earlier over the three months ending September 2026. Here is what a home at that price costs each month at the Freddie Mac Primary Mortgage Market Survey 30 year fixed average of 7.40 percent, as of October 15, 2026, with property tax at the 2026 City of Dallas, Richardson ISD, Dallas County, Parkland and Dallas College rates, about $2.40 per $100 (Dallas County Tax Office; the county rate goes to a November 3, 2026 tax rate election). Addresses zoned to Dallas ISD pay about $2.25 per $100 instead.

Down payment	Cash down	Principal and interest	Property tax	Monthly before insurance
10 percent down	$63,000	$3,926	$1,258	$5,184
20 percent down	$126,000	$3,490	$1,258	$4,748

Estimates, not a loan quote. Add homeowners insurance, any HOA dues, and mortgage insurance with less than 20 percent down. Your rate depends on your credit, loan type and points. The $140,000 homestead exemption lowers the school portion of the tax once the home is yours and you file. Run How Much Can You Afford with your own numbers.

Where buyers start in Lake Highlands

1950s through 1970s single story and split level ranches on quarter acre lots, with newer rebuilds on the most desirable streets near the creek. Each pocket draws a different buyer and a different budget, so pick the pocket before you pick the house.

• The White Rock Creek corridor: mid century ranches that are being rebuilt one at a time.
• The northern streets toward LBJ: the entry point, with the townhome and condo pockets.

Most of Lake Highlands gives you RISD schools and a quarter acre at a Dallas price, which is why inventory moves. Most originals need foundation, plumbing and electrical updates at some point, so inspect carefully and budget for it.

What to check before you offer in Lake Highlands

• Older houses. Budget for a foundation evaluation and a sewer line camera scope on top of the general inspection. Original cast iron or clay drain lines, older wiring and pier and beam foundations are the repairs that turn up after the option period if nobody looked.
• Condos and townhomes. Ask for the resale certificate, the association budget, the reserve study and the last year of board minutes before the option period ends. Dues, special assessments and rental rules decide whether the unit fits you more than the finishes do.
• Water nearby. Check the flood zone and the flood insurance quote before you write the offer. The Home Check pulls the FEMA zone for any address.
• Every house. Run the Home Check for the flood zone and any MUD or water district, use the total rate on the county tax bill for the monthly cost, and confirm the school zone on the exact address with the district.

Lake Highlands schools

Most of Lake Highlands is in Richardson ISD, not Dallas ISD, which is the single biggest reason buyers choose it. Confirm the district for the exact address. Several RISD elementaries feed Forest Meadow and Lake Highlands middle schools and Lake Highlands High School.

How buying a Lake Highlands home works in Texas

1. Get preapproved. A lender letter with your real payment, not just the loan amount, so you shop at the right price.
2. Sign a buyer agreement and tour. We send the listings that fit and tour with you. The agreement sets out what we do and how we are paid.
3. Write the offer on the Texas contract. It names the price, the earnest money held by the title company, and an option fee that buys you a set number of days to inspect and walk away for any reason.
4. Inspect during the option period. General inspection plus anything the house calls for from the list above. Negotiate repairs or a credit before the option period ends.
5. Appraisal, survey and title. The lender orders the appraisal, the title company issues the title commitment, and you review the survey.
6. Close and file your homestead. Once it is your home, file the free homestead application with the Dallas Central Appraisal District (DCAD). It cuts the school taxable value by $140,000, and starting the year after you qualify, it limits increases in the appraised value of the home to 10 percent a year. Tax rates can still change.

Before you tour, run the Home Check on any address for the flood zone and any MUD or water district, and read the Dallas County property tax page so the first bill is not a surprise.

Questions buyers ask about Lake Highlands

How much do I need to buy a home in Lake Highlands?

At the Lake Highlands neighborhood median sale price of about $630,000, 10 percent down is $63,000 and 20 percent down is $126,000, plus closing costs.

What are property taxes on a Lake Highlands home?

Property tax runs at the 2026 City of Dallas, Richardson ISD, Dallas County, Parkland and Dallas College rates, about $2.40 per $100 (Dallas County Tax Office; the county rate goes to a November 3, 2026 tax rate election). Addresses zoned to Dallas ISD pay about $2.25 per $100 instead. At $630,000, that is about $1,258 a month before the homestead exemption. The Dallas Central Appraisal District (DCAD) sets the value each year.

What school district is Lake Highlands in?

Most of Lake Highlands is in Richardson ISD, not Dallas ISD, which is the single biggest reason buyers choose it.

How do I see Lake Highlands homes for sale?

Text (214) 600-3392 with your price range and must haves. We send the Lake Highlands listings that fit, set up the tours, and represent you on the offer. Texas law requires a written agreement with a buyer before an agent shows a home or presents an offer, so we sign one with you before the first tour. It states our fee, which is not set by law and is fully negotiable, and a seller may agree to pay some or all of it.