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Real Estate Prices & Overview

Preston Highlands median real estate price is $590,689, which is more expensive than 89.6% of the neighborhoods in Texas and 76.4% of the neighborhoods in the U.S.

The average rental price in Preston Highlands is currently $2,727, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.7% of the neighborhoods in Texas.

Preston Highlands is a suburban neighborhood (based on population density) located in Dallas, Texas.

Preston Highlands real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Preston Highlands neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Preston Highlands has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

A unique way of commuting is simply not to. And in the Preston Highlands neighborhood, analysis shows that 28.8% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.2% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

People

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Preston Highlands neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 13.7% executive lifestyle neighborhoods in the state of Texas.

Diversity

Did you know that the Preston Highlands neighborhood has more Iranian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Iranian ancestry and 6.9% have Jamaican ancestry.

Preston Highlands is also pretty special linguistically. Significantly, 9.8% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.2% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Preston Highlands neighborhood in Dallas are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.5% of the neighborhoods in America. With 19.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Preston Highlands neighborhood, 62.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 17.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.2%), and 2.7% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Preston Highlands neighborhood is English, spoken by 70.9% of households. Other important languages spoken here include Langs. of India, Chinese and Persian.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Preston Highlands neighborhood in Dallas, TX, residents most commonly identify their ethnicity or ancestry as Asian (31.0%). There are also a number of people of Italian ancestry (11.7%), and residents who report German roots (10.1%), and some of the residents are also of Puerto Rican ancestry (9.4%), along with some Irish ancestry residents (8.5%), among others. In addition, 33.8% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Preston Highlands neighborhood spend between 15 and 30 minutes commuting one-way to work (35.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (5.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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