Preston Hollow sits about six miles north of downtown Dallas – expansive lots, mature trees, and still close enough to the city’s major business centers that the commute doesn’t require a life overhaul. Somewhere between 13,800 and 15,000 people are living in Preston Hollow, all within Dallas County.

The median sale price is running around $2.1 million right now, with homes spending about 79 days on the market. You’ll find everything from mid-century ranch houses to large custom builds, and the retail situation is better than you might expect for a neighborhood this residential.

Location and Geography of Preston Hollow, TX

The neighborhood sits entirely within Dallas County under the city of Dallas’s jurisdiction. You can get downtown via the Dallas North Tollway or US-75 in normal traffic – the key phrase there being “normal traffic.”

The boundaries run roughly along Northwest Highway to the south, Royal Lane to the north, Hillcrest Road to the east, and Midway Road to the west. That positioning puts you close to Dallas Love Field and the major employment corridors without being in the thick of any of them.

Dallas County and School Zoning

Living here means Dallas city taxes and Dallas municipal services. Public school students are zoned for Dallas ISD – the Dallas Independent School District.

That said, don’t assume your address settles the question. Check the attendance boundary maps directly on the Dallas ISD website, because zoning shifts street by street in some parts of the neighborhood. A few homes sit close enough to University Park that the boundary question is worth asking explicitly before you make an offer.

ZIP Codes and Commutes

The neighborhood pulls from five ZIP codes: 75220, 75225, 75229, 75230, and 75244, all carrying standard Dallas, TX addresses.

The six-mile run downtown is usually manageable. The Dallas North Tollway cuts through the eastern portion of the neighborhood and gives you a straight shot south – but morning and evening rush hours are what they are.

Evaluating Preston Hollow as a Place to Live

A lot of buyers come here specifically for the lots. In the older sections, an acre or more is common, which is genuinely unusual for a neighborhood this close to a major urban core. Current inventory sits around 121 available homes, so you’ll have options to compare.

The streets in the original subdivisions wind through mature tree canopy with no sidewalks and no curbs. It reads almost rural, which surprises people who’ve only driven through on the main roads. The newer sections have a different feel entirely, so it’s worth taking the time to drive through several streets before you land on a target area.

Housing Styles and Lots

The architecture runs the full spectrum – original 1950s ranch-style houses on one end, newly constructed estates on the other. It’s not uncommon for buyers to purchase an older home purely for the lot, then tear it down and build.

The current market data is worth understanding before you start negotiating. Supply sits at about 4.8 months, the average sale-to-list ratio is roughly 95.5%, and only about 9% of recent sales closed above asking. That’s a balanced market, not a frenzy.

Local Lifestyle and Pace

There’s no walkable downtown here – that’s just not what this neighborhood is. Your daily errands run through the retail plazas clustered along Preston Road, and you drive to get there.

The trade-off is space and privacy. The lots are large, the streets are quiet, and the neighborhood associations are active enough that the area stays cohesive. Residents tend to intersect at the commercial centers and at local events rather than on front stoops.

Housing Costs and Everyday Expenses

The median sale price is around $2.1 million, up roughly 8% over the past year. That number covers a wide range – what you pay depends on which subdivision you’re in, the lot size, and whether the home is original or rebuilt.

Property taxes deserve real attention here. The combined effective rate for the city, county, and school district runs between 1.66% and 1.91%. Run that math on the purchase price, not the previous owner’s assessed value – the Dallas Central Appraisal District updates annually, and a reassessment after purchase can move the number.

Home Prices and Property Taxes

Entry-level inventory in certain zones starts closer to $1.2 million. The top end goes well into the multi-millions. The $2.1 million median is a genuine middle point, not a floor.

Property tax is one of those ongoing costs buyers sometimes underestimate when they’re focused on the purchase price. Build it into your monthly budget from the start.

Renting and Utility Estimates

If you want to rent before committing, average rent in the neighborhood runs about $2,750 to $2,780 per month. Most of what’s available on the rental side is luxury apartment product near the commercial edges of the neighborhood – single-family rentals are scarce.

Utilities track with the broader Dallas metro, but the homes here are large and the landscaping is extensive. That means higher summer electricity bills from air conditioning and real water costs for irrigation. Don’t underestimate either one.

Safety Data and Notable Subdivisions

Preston Hollow holds a B- overall grade on CrimeGrade. Violent crime sits below the national average. Property crime – vehicle break-ins in particular – does happen, which is simply the reality of any major metropolitan area.

The Dallas Police Department covers the neighborhood. Private security systems and gated driveways are common, especially on the properties with multi-acre lots.

Subdivisions to Consider

The neighborhood breaks into several distinct areas: Old Preston Hollow, Preston Hollow North, Preston Hollow East, West Preston Hollow, Preston Hills, and North Ridge. Each carries its own price points and architectural character.

Old Preston Hollow is the one people picture when they think of the neighborhood – densely wooded, estate-sized lots, no curbs, no sidewalks. The other sections vary, and the differences matter enough that asking your agent for subdivision-specific comparables is worth doing before you form an opinion on pricing.

Living Near the Retail Centers

Homes closer to Preston Royal Village or Preston Hollow Village trade some lot depth for convenience – shorter drives to groceries and the tollway. It’s a real trade-off, not a clear winner either way.

The flip side is traffic. Northwest Highway and Preston Road carry real volume, and properties on or near those arterials feel it.

Dining, Shopping, and Local Events

The commercial life of Preston Hollow runs primarily along Preston Road, concentrated in three main centers: Preston Royal Village, The Plaza at Preston Center, and Preston Hollow Village. These open-air plazas are where residents handle most daily errands without driving into downtown.

Restaurants and Retail Centers

The dining options include True Food Kitchen, Mesero, D.L. Mack’s, Hudson House, Il Bracco, R+D Kitchen, and Flying Fish. Preston Oaks Shopping Center adds more retail alongside the main villages, and the storefronts are walkable once you’ve parked.

Parks and Community Gatherings

Preston Hollow Park anchors the outdoor side of things, hosting occasional community events. Seasonal programming – the Mistletoe Market at Preston Hollow Village draws people from across North Dallas – gives newer residents a natural way to meet neighbors without manufacturing an excuse for it.

The neighborhood associations run their own gatherings on top of that. It’s an active community in that respect.

Lodging Options for Your Scouting Trip

If you’re coming to tour the neighborhood before making any decisions, staying local makes sense. The Cooper Hotel Conference Center & Spa sits directly within Preston Hollow and lets you experience the morning commute and the retail centers at different times of day rather than guessing.

Hotels Near the Neighborhood

The Hilton Dallas/Park Cities and the Holiday Inn Express & Suites North Dallas at Preston are both nearby and give you quick access to the main residential streets. Le Méridien Dallas by the Galleria is just north of the neighborhood boundaries – a solid upscale option if you want proximity to both Preston Hollow and the broader North Dallas shopping corridor.

Frequently Asked Questions

Is Preston Hollow, TX a good place to live?

It’s one of Dallas’s more established neighborhoods – large lots, mature trees, and close enough to downtown that the distance doesn’t feel like a sacrifice. The estate-style environment is the draw, and residents generally value the privacy that comes with it.

Where is Preston Hollow, TX located?

About six miles north of downtown Dallas, entirely within Dallas County. The boundaries run roughly along Northwest Highway to the south, Royal Lane to the north, Hillcrest Road to the east, and Midway Road to the west.

Is Preston Hollow, TX safe?

The neighborhood holds a B- overall grade on CrimeGrade. Violent crime is below the national average. Property crimes, including vehicle break-ins, do occur – that’s consistent with any major metro area.

How much does it cost to live in Preston Hollow, TX?

The median home sale price is currently around $2.1 million. Average rent runs between $2,750 and $2,780 per month. Property taxes carry an effective rate of roughly 1.66% to 1.91% – that needs to be in your budget calculation from day one.

What is the ZIP code for Preston Hollow, TX?

The neighborhood spans five ZIP codes: 75220, 75225, 75229, 75230, and 75244.

How does Preston Hollow compare to Highland Park for Dallas homebuyers?

Preston Hollow generally offers larger lots and that winding, uncurbed, more rural street character. Highland Park is denser and more walkable, with its own municipal government. Both are in Dallas County, but Preston Hollow students attend Dallas ISD schools.

Are there strict HOA rules or building restrictions when buying a house in Preston Hollow, TX?

It depends on the subdivision. Older sections like Old Preston Hollow tend to have fewer formal HOA restrictions. Newer developments and specific enclaves often enforce architectural guidelines and building rules. Ask before you assume either way.

These two distinct areas operate under different local jurisdictions despite both being located in Dallas County. A comparison of Preston Hollow and Highland Park reveals that Highland Park has its own municipal government. Preston Hollow sits entirely under the city of Dallas’s jurisdiction and utilizes Dallas municipal services.

Does Preston Hollow have its own city taxes?

The neighborhood is not an independent municipality, meaning residents pay standard Dallas city taxes. A review of Preston Hollow and the broader Dallas area confirms that the community sits entirely within Dallas County and utilizes Dallas municipal services.