List of the Top 8 Richest Neighborhoods in Dallas (2023)

Dallas is renowned for its towering skyscrapers, vibrant entertainment scene, and thrilling sports events. However, besides its bustling urban landscape, the city boasts several affluent neighbourhoods. If you are searching for a lavish place to call home in the town, this list of the top eight wealthiest areas in Dallas can help you make an informed decision.

1. Highland Park

Located just north of downtown, Highland Park is considered the wealthiest neighbourhood in Dallas. It is a prime example of luxurious living, boasting an impressive collection of upscale homes, walkable streets, and numerous recreational centres. The neighbourhood’s beautifully maintained green spaces, such as Lakeside Park, Fairfax Park, and Jester Park, offer residents the perfect place to unwind and relax. Highland Park’s streets exude a subtle sense of exclusivity, giving it a more private and secluded feel than other city areas. With an average home price of $2.37 Million, Highland Park is undeniably the most expensive neighbourhood in Dallas.

2. Westover Hills

Westover Hills, situated southeast of Dallas’ city centre, is known to be the second-richest neighbourhood in the area. This community is recognized for its quiet and peaceful atmosphere, with tall trees and luxury homes lining the streets. The front lawns of these opulent homes are meticulously maintained, making them perfect for those who love to entertain indoors and outdoors. The vast, walkable roads also cater to residents who prefer an active lifestyle. With an average home value of over $2.3 million, Westover Hills is undoubtedly one of the most expensive areas to live in Dallas.

3. University Park

University Park is a neighbourhood in Dallas widely known for its luxurious homes and affluent residents. It is considered one of the most expensive areas in Dallas, situated just north of Highland Park. In fact, according to the American Community Survey, it was ranked the second-wealthiest city in the United States in 2018. Southern Methodist University, after which the town is named, attracts many students and young professionals, resulting in a younger population. Despite this, the local community is dedicated to maintaining its reputation and offers chic shopping options, extensive green spaces, and an impressive real estate market. With an average home value of $1.97 million, University Park is the perfect place to live a lavish lifestyle.

4. Bluffview

Bluffview, located in the northwestern corner of Dallas, is known to be one of the city’s most affluent neighbourhoods. Once a humble farm pasture, it is home to some of the city’s most luxurious estates, renowned for its charming local character and winding streets. Situated on a bluff of Bachman Creek, Bluffview provides its residents with abundant natural outdoor spaces and stunning views of the nearby rolling hills. With an average home price of $1.95 Million, Bluffview is an expensive and prosperous neighbourhood in Dallas.

5. Russwood Acres

Russwood Acres, a posh Dallas neighbourhood, is a smaller area within the larger Preston Hollow community. The architects behind this high-end neighbourhood intended to create a luxurious and sophisticated atmosphere. The streets, lined with trees, offer a sense of privacy and seclusion, while the well-manicured half-acre lawns add to the exclusivity of the neighbourhood. Russwood Acres boasts ample living space, with even the smallest homes starting at 3,400 square feet. With an average home price range of $182-$226 per square foot, this neighbourhood is ideal for affluent homebuyers looking for a luxurious home.

6. Preston Hollow

Preston Hollow, a neighbourhood located just about five miles north of the Dallas city centre, is widely recognized as one of the wealthiest areas in the region. The community boasts a well-heeled population of around 13,000 residents who enjoy an array of urban amenities, including upscale retail centres, an exciting restaurant scene, and picturesque local parks. Among the notable attractions in Preston Hollow are the Northaven Trail and Gardens, Preston Hollow Park, and Preston Center. With average home values of $1.62 Million, Preston Hollow remains a vital component of Dallas’s most affluent communities.

7. Lakewood Heights

Lakewood Heights is an affluent neighbourhood in Dallas that exudes a warm and friendly aura. Situated just a few miles from Downtown Dallas, it boasts picturesque streets lined with trees, a vibrant local community, and exceptional schools. If you’re looking for a highly walkable neighbourhood, Lakewood Heights is the perfect place. On foot, you can easily access many local parks, music venues, restaurants, and the Historic Lakewood Shopping Center. The architectural styles of homes in this area range from Tudor-style residences to Craftsman-style bungalows, making for a diverse and exciting mix. With an average sales price of $1.16 Million, Lakewood Heights is undoubtedly sought-after for those seeking an upscale and refined lifestyle.

8. North Dallas

Located slightly over ten miles from Downtown, North Dallas is a well-to-do neighbourhood home to approximately 39,000 residents. This family-friendly area boasts many luxury amenities, such as stunning public parks and renowned private schools. Among the notable local attractions found in North Dallas are Bert Fields Park, the Mary Kay Museum, and the State Fair of Texas. Furthermore, with its convenient access to the city, this neighbourhood is an ideal location for commuters. North Dallas is an impressive area that will appeal to individuals who prefer a luxurious lifestyle, with home values averaging around $894k.

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