When you’re building your forever home, it needs to be on your forever lot as well. That means understanding your neighborhood and its personality. We find our clientele all reach for the same sought-after neighborhoods: Preston Hollow, Highland Park, and University Park.
Why? Tree-lined streets, Michelin star restaurants, quiet nights, and stunning architecture. It’s no wonder that we’ve built numerous award-winning projects in these neighborhoods.
The team at Nixon Custom Homes would like to welcome you to Dallas. Here’s where we recommend laying down roots.
1. Preston Hollow
Ideal for families seeking large lots, privacy, and a peaceful, estate-style neighborhood with quick access to the city.
Preston Hollow features many large homes and generous lots, making it ideal for families who want ample space both indoors and out. The neighborhood offers leafy surroundings, while keeping close proximity to high-end shopping and dining. If you have a large family or one interested in room for guests, Preston Hollow is a great fit.
Average home value: approximately $1,237,000, based on the median listing price as of June 2025. Source: Rocket Homes
2. Highland Park
Ideal for families who prioritize premier schooling and a tight-knit community.
Highland Park is one of Dallas’ most prestigious residential neighborhoods, known for luxury homes and a polished landscape. For those focused on long-term lifestyle and investment benefits, Highland Park has a lot of appeal, from tree-lined streets to exceptional architecture and neighborhood services.
Average home value: approximately $2,790,976 (Zillow Home Value Index, 2025). Source: Zillow
3. University Park
Ideal for families looking for a walkable community with strong school options.
University Park boasts beautiful residential streets with convenient access to cultural and educational amenities, making it perfect for families who value community engagement. The neighborhood offers a blend of suburban comfort and urban accessibility, including excellent schools, safe streets, and proximity to downtown Dallas.
Average home value: approximately $2,300,492 (Zillow Home Value Index, 2025). Source: Zillow
Average Home Price for Preston Hollow, Highland Park, and University Park
| Neighborhood | Average / Median Home Value* | YoY Change / Recent Trend |
| Preston Hollow | ~$1,237,000 (median list) (Rocket) | +7.6% YoY (Rocket) |
| Highland Park | ~$2.8 million (typical for luxury inventory) (Dallas Luxury Realty) | Consistent demand and limited inventory |
| University Park | ~$2,300,492 (Zillow Home Value Index) (Zillow) | +4.7% YoY (Zillow) |
Build Your Luxury Custom Home in Dallas
With decades of experience crafting luxury homes in Dallas’s most desirable neighborhoods, Nixon Custom Homes helps clients find their flow in Dallas & build the home of their dreams.As an award-winning builder, we deliver exceptional home construction that lasts. Schedule a consultation today to get started.
