Preston Hollow Homes - Dallas, TX
Dallas's Most Prestigious Estate Neighborhood
Preston Hollow stands as Dallas's premier residential address, featuring sprawling estates on oversized lots with mature tree canopies, just minutes from NorthPark Center and the Park Cities.
Preston Hollow Market Overview
The Preston Hollow real estate market in Dallas, Dallas County offers attractive opportunities for homebuyers.
- Median Home Price: $2,000,000
- Price Range: $1,000,000 - $4,000,000
- Location: Dallas, Dallas County, Texas
- Character: Ultra-luxury estates, prestigious, private, tree-lined
- Based on Redfin Preston Hollow Dallas sales data (February 2026)
Why Preston Hollow?
- Dallas's most prestigious residential address
- Sprawling estates on 10,000-40,000+ sq ft lots
- Mature tree canopy and private settings
- Home to executives, entrepreneurs, and notable residents
- Minutes from NorthPark Center shopping
- Proximity to Park Cities and Highland Park
Why Preston Hollow Appeals to Homebuyers
Preston Hollow has long been Dallas's address of choice for those seeking privacy, space, and prestige. The neighborhood's generous lot sizes and mature landscaping create an estate-like atmosphere rarely found within a major city's limits, attracting executives, entrepreneurs, and discerning buyers from across the country.
Located in North Dallas between the Park Cities and Far North Dallas, Preston Hollow offers convenient access to NorthPark Center, the Dallas North Tollway, and Love Field Airport. The neighborhood blends old-money elegance with new-construction luxury, offering homes ranging from beautifully renovated mid-century estates to brand-new custom builds.
Buyers appreciate the combination of Dallas ISD magnet school access, proximity to top private schools like St. Mark's, Hockaday, and Greenhill, and the quiet, established feel that distinguishes Preston Hollow from newer suburban developments.
Lifestyle
- Private estate living within Dallas city limits
- Shopping at NorthPark Center and Highland Park Village
- Access to elite private schools and Dallas ISD magnets
- Entertaining in resort-style outdoor spaces
- Convenient access to Love Field Airport
Preston Hollow Home Features
- Custom-built estates with high-end finishes
- Resort-style pools and outdoor living
- Gated properties and private driveways
- Renovated mid-century and new construction
- Multi-car garages and motor courts
- Guest houses and staff quarters on select properties
Preston Hollow Demographics
Population: 15,000
Median Age: 45
Median Household Income: $350,000+
Owner-Occupied: 82%
Schools Serving Preston Hollow
Preston Hollow is served by Dallas ISD, rated A.
- Bradfield Elementary - highly sought-after attendance zone
- Preston Hollow Elementary
- Benjamin Franklin Middle School
- Top private schools nearby: St. Mark's, Hockaday, Greenhill, ESD
Elementary Schools
- Preston Hollow Elementary
- Walnut Hill Elementary
Middle Schools
- Benjamin Franklin Middle School
High Schools
Commute & Transportation from Preston Hollow
Downtown Dallas: 15-20 minutes
Major Employment Centers
- Downtown Dallas
- Uptown/Turtle Creek offices
- Love Field Airport corridor
- North Dallas office parks
- Park Cities professional offices
Key Transit Routes
- Dallas North Tollway
- Preston Road corridor
- Northwest Highway (Loop 12)
- Love Field Airport nearby
Dining Near Preston Hollow
- NorthPark Center restaurants
- Preston Royal Village dining
- Royal China and other local favorites
- Highland Park Village restaurants nearby
Recreation & Parks Near Preston Hollow
- Preston Hollow Park
- Northaven Trail
- NorthPark Center
- Dallas Country Club (nearby)
- Brookhaven Country Club
Shopping Near Preston Hollow
- NorthPark Center
- Preston Royal Village
- Preston Center
- Highland Park Village (nearby)
Mortgage Options for Preston Hollow Homebuyers
Find the right financing for your Preston Hollow home purchase in Dallas, Dallas County:
- Jumbo loan specialists for luxury price points
- Portfolio lending options for high-value properties
- Bridge loan programs for buy-before-you-sell scenarios
- Competitive rates for well-qualified borrowers
- Non-QM options for self-employed and business owners
Loan Programs Available in Preston Hollow
- Jumbo Loans: Financing for properties exceeding the $832,750 conforming limit. Competitive rates for qualified borrowers with 700+ credit scores and 10-20% down.
- VA Loans: Zero down payment for eligible veterans, active-duty military, and surviving spouses. No PMI and competitive rates — no loan limit with full entitlement.
- Conventional Loans: Fixed-rate and adjustable-rate mortgages with as little as 3% down. Homes above the $832,750 conforming limit may require jumbo financing.
- Construction Loans: Interim construction financing for custom home builds with two-time close and construction-to-permanent takeout options.
- DSCR Loans: Investment property financing qualifying on rental income, not personal income. 20-25% down payment.
- Non-QM Loans: Bank statement, asset-based, and alternative income documentation for self-employed borrowers.
- Texas VLB Loans: Texas Veterans Land Board home loans for veterans and active-duty military with below-market rates.
- Home Refinancing: Rate-and-term, cash-out, and streamline refinance options for current Preston Hollow homeowners.
Down Payment Assistance & First-Time Buyer Programs
Preston Hollow buyers may qualify for TSAHC (Texas State Affordable Housing Corporation) down payment assistance: a grant of 2-5% of the loan amount forgiven after 6 months, or a 3-year deferred forgivable second lien at 0% interest. The Dallas County income limit is $146,625. First-time homebuyer status is NOT required for the standard Non-Bond DPA program. FHA loans start at 3.5% down, VA loans offer zero down, and temporary rate buydowns (2-1, 3-2-1) can lower your initial monthly payments.
2026 DFW Loan Limits
- Conforming Loan Limit: $832,750 (single-family)
- FHA Loan Limit: $563,500 (DFW MSA single-family)
- VA Loans: No loan limit for eligible veterans with full entitlement
Get pre-approved today to start your Preston Hollow home search with confidence.
Interactive Mortgage Tools for Preston Hollow Homebuyers
Our Dallas city page includes three interactive calculators pre-configured with hyperlocal data for Preston Hollow:
Payment Calculator
Calculate your exact monthly mortgage payment for a Preston Hollow home. Pre-filled with the $2,000,000 median price, Dallas County property tax rates for Dallas ISD, live Freddie Mac PMMS interest rates, PMI, FHA MIP, VA Funding Fee, insurance, and HOA.
Affordability Calculator
See how much home you can afford in Preston Hollow based on your income, debts, and savings. Uses real DTI limits: Conventional up to 50%, FHA 46.99/57.49%, VA (no hard DTI cap), Jumbo 43%, Non-QM up to 50%. Includes Dallas County taxes automatically.
Temporary Buydown Calculator
Compare 2-1, 3-2-1, and 1-0 seller-paid buydown options for your Preston Hollow purchase. See monthly savings by year, seller concession cost, and breakeven analysis with live rates and Dallas County property taxes.
Affordability Guidelines for Preston Hollow Homebuyers
Understanding how lenders evaluate your ability to afford a home in Preston Hollow, Dallas County:
Debt-to-Income (DTI) Limits by Loan Type
| Loan Type |
Front-End DTI |
Back-End DTI |
Notes |
| Conventional | N/A (no cap) | Up to 50% | AUS-driven; strong compensating factors above 45% |
| FHA | 46.99% | 57.49% | With compensating factors; standard is 31/43 |
| VA | N/A | No hard cap | No hard DTI cap — residual income is the primary qualification method |
| Jumbo | Varies | 43% | Stricter reserves and credit requirements |
| Non-QM | Varies | Up to 50% | Bank statement, asset-based, or DSCR qualification |
| DSCR | N/A | N/A | Qualifies on rental income, not personal DTI |
Credit Score Requirements
| Loan Type |
Minimum Score |
Down Payment |
Best Rates |
| Conventional | 600 (AUS) / 620 (manual) | 3% (first-time) / 5% | 740+ |
| FHA | 550 | 10% (550-579) / 3.5% (580+) | 680+ |
| VA | 550 | 0% | 700+ |
| Jumbo | 700 | 10-20% | 740+ |
| Non-QM | Varies (often 620+) | 10-20% | 700+ |
| DSCR | 660 | 20-25% | 720+ |
What You Need to Afford a Preston Hollow Home
Based on Preston Hollow's median home price of $2,000,000:
- 3% down (Conventional first-time): $60,000 down payment
- 3.5% down (FHA): $70,000 down payment
- 5% down (Conventional): $100,000 down payment
- 10% down: $200,000 down payment
- 20% down (no PMI): $400,000 down payment
- VA Loan: $0 down payment for eligible veterans
Ways to Afford More Home in Preston Hollow
Strategies to increase your buying power in Preston Hollow, Dallas County:
- Improve Your Credit Score: Moving from 620 to 740+ can reduce your rate by 0.5-1.0%, saving hundreds per month on a Preston Hollow home. Pay down credit cards below 30% utilization.
- Reduce Monthly Debts: Paying off a $400/month car payment can increase your buying power by $60,000-$80,000 in Preston Hollow.
- Use a Temporary Buydown: Ask the seller to fund a 2-1 or 3-2-1 buydown to lower payments $400-900/month in the early years.
- Apply for Down Payment Assistance: Texas DPA programs and Dallas County assistance can cover 3-5% of the purchase price.
- Increase Your Down Payment: A larger down payment reduces your loan amount and can eliminate PMI at 20%, lowering monthly costs.
- Consider a Longer Loan Term: A 30-year term has lower monthly payments, increasing what you can qualify for.
- Add a Co-Borrower: Adding a spouse or co-borrower's income can substantially increase your maximum purchase price.
Dallas County Property Tax Data for Preston Hollow
Our calculators use verified property tax rates from the Dallas County Appraisal District for Preston Hollow — not generic estimates.
- School District: Dallas ISD
- Data Source: Dallas County Appraisal District official rates
- Coverage: City, county, school district, and special district (MUD/PID) rates
- Homestead Exemption: $100,000 school district exemption, plus over-65, disability, and veteran exemptions
- Updates: Rates verified and updated annually
Texas has no state income tax, making property tax accuracy critical for mortgage payment budgeting in Preston Hollow.
Frequently Asked Questions About Preston Hollow
What is the median home price in Preston Hollow?
The median home price in Preston Hollow is approximately $2 million, with homes ranging from $1 million for smaller properties to $4 million and above for large custom estates on premium lots.
Why should I buy a home in Preston Hollow?
Preston Hollow offers Dallas's most prestigious residential setting with sprawling lots, mature trees, and proximity to NorthPark Center, top private schools, and downtown Dallas. The neighborhood provides estate-level privacy within city limits.
What schools serve Preston Hollow?
Preston Hollow is served by Dallas ISD, with Bradfield Elementary being a highly sought-after attendance zone. The area also offers proximity to elite private schools including St. Mark's, Hockaday, Greenhill, and Episcopal School of Dallas.
Are Preston Hollow home prices trending up?
Preston Hollow has historically shown strong appreciation due to limited lot inventory, high demand, and its established prestige. The neighborhood continues to attract buyers seeking luxury living within Dallas city limits.
What are the best features of living in Preston Hollow?
Preston Hollow's best features include oversized lots (10,000-40,000+ sq ft), mature tree canopy, custom estate homes, proximity to NorthPark Center and Love Field, and access to both excellent public magnet schools and top private institutions.
Contact Your Preston Hollow Mortgage Expert
Ready to buy a home in Preston Hollow? Contact Patrick Glaros for a free mortgage pre-approval.
Patrick Glaros
Producing Branch Manager
Directions Home Loan
NMLS #308804
Phone: (469) 399-2411
Email: pglaros@directionshomeloan.com
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Get pre-approved for jumbo financing — competitive rates for Preston Hollow homes above $832,750. VA-eligible buyers: zero down with no loan limit.
Ready to buy in Preston Hollow, Dallas? Contact Patrick Glaros for personalized mortgage guidance and competitive rates.