I have had the opportunity to explore some of the most luxurious and exclusive neighborhoods in the city. With its booming economy and upscale lifestyle, Dallas has become home to some of the wealthiest individuals and families in the country. 

From elegant mansions to designer boutiques and high-end restaurants, the city’s priciest enclaves exude an air of sophistication and refinement. 

In this article, we will take a closer look at the top 10 most expensive neighborhoods in Dallas in 2023. We’ll explore the unique features that make each neighborhood stand out and why they continue to attract some of the most affluent residents in the city.

Whether you’re a local or planning to move to Dallas, this guide will give you valuable insights into the city’s real estate market and its most coveted addresses. 

So sit back, relax, and let’s dive into the opulent world of Dallas’ priciest neighborhoods! 

Top 10 Most Expensive Neighborhoods in Dallas 2023 

As of 2023, the top 10 most expensive neighborhoods in Dallas are Highland Park, Bluffview, Park Cities, Arts District, Preston Center, University Park, North Dallas, Lakewood, Lower Greenville, and Design District.

Highland Park 

Highland Park is known for its luxurious homes, top-rated schools, and proximity to downtown Dallas. 

It is a small, incorporated town located within the city. It’s situated just north of downtown and is known for its stunning homes, tree-lined streets, and elegant parks. 

The neighborhood is also home to some of the city’s most prestigious schools, including Highland Park High School, which has been ranked as one of the top high schools in the country. 

When it comes to real estate, Highland Park is one of the most expensive neighborhoods in Dallas. 

According to Zillow, the median home sale price in Highland Park is $2.8 million, which is nearly five times higher than the median home sale price for the city of Dallas as a whole. 

Additionally, the median price per square foot in Highland Park is $739, which is more than double the median price per square foot for the city of Dallas. 

So, what makes Highland Park so unique and desirable? For starters, the neighborhood is known for its gorgeous homes, many of which were built in the 1920s and 1930s. 

These homes often feature stunning architecture, large yards, and high-end finishes, making them some of the most coveted properties in Dallas. 

In addition to its homes, Highland Park is known for its beautiful parks and green spaces. The neighborhood is home to several public parks, including the 6.7-acre Lakeside Park, which features a stunning lily pond, walking trails, and picnic areas. 

Another factor that makes Highland Park so desirable is its location. The neighborhood is situated just minutes from downtown Dallas, making it easy for residents to access all of the city’s top restaurants, shops, and entertainment venues. 

Bluffview 

Bluffview is situated just north of Love Field Airport and west of the Dallas North Tollway. 

This exclusive neighborhood is characterized by its lush landscaping, tree-lined streets, and gorgeous homes that showcase a variety of architectural styles, including Mediterranean, Spanish Colonial, and contemporary. 

One of the things that makes Bluffview unique is its proximity to some of the best shopping, dining, and entertainment in Dallas. 

It is just minutes away from Highland Park Village, the Dallas Arts District, and the Bishop Arts District. 

Residents of Bluffview can enjoy easy access to some of the most exclusive restaurants, designer boutiques, and cultural attractions in the city. 

Of course, the main draw of Bluffview is its beautiful homes. The median price per square foot in this neighborhood is around $500, which is significantly higher than the average price per square foot in Dallas. 

The median home sale price in Bluffview is around $2.5 million, making it one of the most expensive neighborhoods in the city. 

Despite the high cost of living in Bluffview, many residents feel that it is worth it. The neighborhood offers a peaceful retreat from the hustle and bustle of city life while still providing easy access to everything that Dallas has to offer. 

With its beautiful homes, lush landscaping, and prime location, Bluffview is truly one of the most unique and desirable neighborhoods in Dallas. 

Park Cities 

The Park Cities, which include the towns of Highland Park and University Park, are known for their stunning architecture, tree-lined streets, and prestigious schools. 

The area is also home to Southern Methodist University, which adds to its vibrant and intellectual atmosphere. 

If you’re in the market for a home in the Park Cities, be prepared to shell out some serious cash. The median price per square foot in Highland Park is around $563, while in University Park it is $462. 

The median sale price for homes in Highland Park is around $2.8 million, while in University Park it is around $1.5 million. 

One of the most iconic landmarks in the Park Cities is Highland Park Village, which is a premier shopping destination that boasts high-end retailers such as Chanel, Dior, and Tom Ford. 

The village is also home to several restaurants, including the legendary Café Pacific, which has been a local favorite for over 40 years. 

Another notable aspect of the Park Cities is its commitment to green spaces. The area is home to several parks, including the Katy Trail, which is a popular 3.5-mile trail that winds through some of the most scenic parts of Dallas. 

The Park Cities also has its own country club, which offers golfing, tennis, and swimming. 

Arts District 

The Arts District is a cultural hub that showcases a variety of artistic expressions, including music, theater, and visual arts. 

It is also one of the most expensive neighborhoods in Dallas, and it is easy to see why. The area boasts a variety of luxurious amenities, including high-end restaurants, boutique shopping, and prestigious museums. 

The median price per square foot in the Arts District is $525, and the average home sale price is $1.8 million. 

Preston Center 

Preston Center is located in the heart of Dallas, just a few miles north of downtown. This neighborhood is known for its upscale shopping centers, fine-dining restaurants, and luxury residential properties. 

The area is a popular destination for affluent residents and visitors who want to indulge in high-end shopping and dining experiences. 

One of the most unique aspects of Preston Center is its close proximity to some of Dallas’ most iconic landmarks and attractions. 

Just a few minutes away from the neighborhood, you’ll find the Dallas Arboretum and Botanical Garden, White Rock Lake, and the Dallas Arts District. 

These attractions make the area an ideal location for families and individuals who want to enjoy a mix of city and outdoor activities. 

When it comes to real estate, Preston Center is one of the most expensive neighborhoods in Dallas. The median home sale price in the area is around $1.8 million, with a median price per square foot of $480. 

The neighborhood boasts a variety of stunning properties, from contemporary mansions to sophisticated condos. 

One of the most sought-after properties in Preston Center is The Plaza at Turtle Creek, a luxurious high-rise residential building that offers breathtaking views of the city skyline. 

The building features spacious units with top-of-the-line amenities, including a fitness center, a rooftop pool, and 24-hour concierge service. 

University Park 

Located just a few miles north of downtown Dallas, University Park is known for its stunning homes, lush greenery, and close proximity to Southern Methodist University. 

This upscale neighborhood is considered one of the most desirable places to live in Dallas, with a median price per square foot of $544 and a median home sale price of $1,687,500. 

One of the things that makes University Park unique is its strong sense of community. 

The neighborhood is home to many young families, professionals, and retirees who enjoy the quiet streets, well-manicured lawns, and abundance of parks and green spaces. 

In fact, the city boasts over 20 parks, including Burleson Park, Curtis Park, and Goar Park, which provide residents with plenty of opportunities to relax, exercise, and connect with their neighbors. 

But it’s not just the community spirit that draws people to University Park; the homes here are truly breathtaking. 

From sprawling estates to cozy bungalows, there’s a wide range of architectural styles to choose from, each with its own unique character and charm. 

Many homes in University Park feature top-of-the-line amenities like private pools, outdoor kitchens, and wine cellars, making them perfect for entertaining and hosting guests. 

Of course, all this luxury comes at a price, and in University Park, that price is steep. The median home sale price here is over $1.6 million, making it one of the most expensive neighborhoods in Dallas. 

However, for those who can afford it, the benefits of living in University Park are undeniable. 

North Dallas 

North Dallas is known for its stunning homes and upscale amenities. This area boasts some of the most beautiful properties in the city, with sprawling estates and luxurious condos that are sure to impress. 

The median price per square foot in North Dallas is around $350, and the average home sale price is over $1.5 million. 

What makes North Dallas unique is the combination of natural beauty and high-end living. The area is home to many parks and green spaces, making it a great spot for outdoor enthusiasts. 

At the same time, it offers easy access to some of the best shopping and dining in the city. Whether you’re looking for a night out on the town or a quiet evening at home, North Dallas has something to offer. 

Lakewood 

Lakewood is a neighborhood that is located on the eastern side of Dallas. The area is bordered by White Rock Lake to the north and is characterized by large, sprawling homes that are set amidst a lush green landscape. 

This neighborhood has a charm that is hard to find in other parts of Dallas, with tree-lined streets, beautiful parks, and a vibrant community that is both welcoming and friendly. 

One of the things that makes Lakewood unique is its range of architectural styles. You can find anything from classic Tudor-style homes to more modern designs that feature clean lines and an open floor plan. 

The homes in this neighborhood are spacious, with many of them featuring large backyards that are perfect for entertaining guests or spending time with family. 

The median price per square foot in Lakewood is around $400, making it one of the most expensive neighborhoods in Dallas. The average home sale price in Lakewood is around $1.3 million, which is a testament to the desirability of the area. 

Despite the high price tags, many buyers are willing to invest in this neighborhood because of the amenities it offers and the quality of life it provides. 

One of the reasons Lakewood is so popular is its proximity to White Rock Lake. This 1,015-acre lake is one of the most popular attractions in Dallas, offering a range of activities such as hiking, biking, and kayaking. 

The lake is also home to several parks, including White Rock Lake Park, which is a popular spot for picnics and family outings. 

Lakewood is also known for its excellent schools, making it a popular choice for families with children. 

The neighborhood is served by the Dallas Independent School District, which includes several highly rated schools such as Lakewood Elementary School, J.L. Long Middle School, and Woodrow Wilson High School.

Lower Greenville 

Lower Greenville is a trendy, upscale neighborhood located in East Dallas, just a few minutes from downtown. The area is known for its vibrant nightlife, hip restaurants, and eclectic shopping scene. 

The neighborhood’s tree-lined streets, historic homes, and cultural attractions make it a highly sought-after location for residents looking for a blend of urban convenience and suburban tranquility. 

One of the things that makes Lower Greenville unique is its blend of old and new architecture. The neighborhood features a mix of vintage bungalows, stately mansions, and modern townhouses, which gives it a diverse and dynamic feel. 

The area is also home to some of the best public schools in Dallas, making it an ideal location for families. 

According to recent real estate data, the median price per square foot in Lower Greenville is around $390. The average home sale price in the neighborhood is about $1.2 million, making it one of the priciest areas in Dallas. 

However, the high cost of living is offset by the neighborhood’s walkability, entertainment options, and proximity to major employment centers. 

Design District 

With its unique mix of old and new architecture, art galleries, and trendy restaurants, it’s no wonder the Design District has become one of Dallas’ priciest enclaves. 

The Design District is located just northwest of downtown Dallas and is known for its abundance of design showrooms, antique shops, and art galleries. 

The area was originally home to warehouses and industrial buildings but has undergone a significant transformation in recent years, becoming a hub for creativity, innovation, and luxury living. 

What makes the Design District unique is its blend of contemporary and historic architecture. 

Many of the older buildings in the area have been repurposed into luxury lofts and condos, giving residents a taste of old-world charm with modern amenities. 

The unique blend of old and new has made the Design District an attractive location for those who appreciate both history and innovation. 

The median price per square foot in the Design District is $545, which is significantly higher than the Dallas average of $223. 

Additionally, the median home sale price in the Design District is around $1.1 million, making it one of the most expensive neighborhoods in Dallas. 

One of the standout features of the Design District is the abundance of art galleries in the area. The district is home to a variety of galleries that showcase both local and international artists. 

The galleries range from contemporary to traditional, and many of them host events and exhibitions throughout the year. 

The Design District is also known for its culinary scene, with numerous trendy restaurants and bars lining the streets. From upscale steakhouses to artisanal cafes, there is something for everyone in this neighborhood.