The story of this market
The typical home in ZIP 75238 sells for about $689,000, or $265 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 75238 — Dallas
The 75238 housing market remains stable with steady demand for single-family homes, supported by the area's reputation for quality schools and proximity to White Rock Lake. While inventory remains tight, price growth has moderated compared to the rapid appreciation seen in previous years. Some figures, such as specific monthly closed sales counts, were not available at the ZIP level and are omitted.
This ZIP is ideal for family buyers seeking established neighborhoods with strong schools, as well as commuters who value proximity to major highways without being in the dense urban core.
Median prices moved up 2.1% year over year.
Homes spend a median of 32 days on market with 2.8 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 12.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 75238, Dallas County TX
Crime in the Lake Highlands area of 75238 generally tracks with broader Dallas trends, with property crime being the primary concern; residents often report it as safer than the city average but vigilance is recommended.
The area is served by the Richardson Independent School District, which is highly regarded for its academic performance and diverse student body, consistently outperforming many neighboring urban districts.
The area is primarily inland with low wildfire risk, though localized flooding can occur near White Rock Creek; standard homeowners insurance is readily available but premiums are influenced by regional hail and wind exposure.
Economic momentum is driven by proximity to the Dallas employment core and ongoing redevelopment of older retail centers into mixed-use hubs, attracting young professionals and families.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents benefit from direct access to I-635 and US-75, providing a 20-30 minute commute to downtown Dallas, with limited but available DART light rail connectivity nearby.
The ZIP features extensive access to White Rock Lake, the Flag Pole Hill Park, and the expansive trail networks of the Lake Highlands area, alongside numerous local shopping centers.
The rental market is robust with high demand for single-family home rentals and garden-style apartments, driven by the area's school quality and central location.
The economy is anchored by the broader Dallas-Fort Worth metroplex, with significant employment in healthcare, education, and professional services within a short drive.
The area is heavily reliant on personal vehicles, with major highway access via I-635 and US-75; public transit is limited to bus routes and nearby DART rail stations.
Ongoing redevelopment of aging commercial corridors into mixed-use residential and retail spaces is the primary development focus.
The Dallas Central Appraisal District manages annual property valuations for all parcels within the county.
Parcels are subject to Dallas County, City of Dallas, and Richardson ISD tax levies, with potential additional assessments for specific utility or flood control districts.
Property insurance premiums are rising due to regional weather patterns, specifically hail and wind damage, necessitating comprehensive coverage.
Data retrieved from data.census.gov ZCTA 75238 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Meow Wolf Grapevine's The Real Unreal4.420 mi
- Andretti Indoor Karting & Games The Colony415.8 mi
- Cidercade Dallas4.79.4 mi
- Dave & Buster's Dallas4.33.3 mi
- Interskate Roller Rink4.319 mi
- American Airlines Center4.68.5 mi
- Kay Bailey Hutchison Convention Center Dallas4.39 mi
- Texas Trust CU Theatre4.417.6 mi
- Fair Park4.57.7 mi
- Meow Wolf Grapevine's The Real Unreal4.420 mi
- The Dallas Arboretum and Botanical Garden4.74.1 mi
- The Dallas World Aquarium4.48.7 mi
- Dallas Zoo4.511.5 mi
- Perot Museum of Nature and Science4.78.6 mi
- Klyde Warren Park4.78.3 mi
- Perot Museum of Nature and Science4.78.6 mi
- Dallas Museum of Art4.78.3 mi
- Fair Park4.57.7 mi
- Meow Wolf Grapevine's The Real Unreal4.420 mi
- The Sixth Floor Museum at Dealey Plaza4.69 mi
- The Dallas Arboretum and Botanical Garden4.74.1 mi
- Dallas Zoo4.511.5 mi
- Klyde Warren Park4.78.3 mi
- Fair Park4.57.7 mi
- John F. Kennedy Memorial Plaza4.59 mi
- Corinthian Sailing Club4.62.6 mi
- Topgolf Dallas4.42.2 mi
- Brookhaven Country Club4.49.5 mi
- Dallas Country Club4.66.1 mi
- Golf Ranch Richardson4.78.3 mi
- Tenison Park Golf Course46.2 mi
- Galleria Dallas4.57.1 mi
- NorthPark Center4.63.7 mi
- Town East Mall4.27.3 mi
- Dallas Farmers Market4.58.5 mi
- Firewheel Town Center4.57.6 mi
- Dallas Fort Worth International Airport4.119 mi
- Dallas Love Field4.48.4 mi
- Arlington Memorial Hospital Heliport4.425.2 mi
- Capital One Lounge at DFW419.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional destination for sailing, hiking, and cycling.
Popular local park with scenic views and playground facilities.
Features athletic fields, a recreation center, and swimming pool.
Key-figure check: median price diverges 19.7% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $550,000 (20.2% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $550,000 (-19.7% vs the published ten-year series (2024)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.
Governs Edmonds Ranch
Governs Del Webb at Legacy Hills
Governs Benson Place
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.