Preston Hollow is an affluent neighborhood in Dallas, Texas, known for being the home of many famous politicians and celebrities. It attracts residents in search of large plots of land, privacy, and proximity to some of the best schools in Texas. Living in Preston Hollow offers a picturesque, suburban ambiance with easy access to downtown, offering serenity and convenience. As a result, Preston Hollow is an excellent place to live for those looking for a walkable neighborhood with gorgeous homes and friendly neighbors.
Where is Preston Hollow, Dallas?
Preston Hollow is a neighborhood in North Dallas, bordered by communities like University Park, Vickery Meadow, Russwood Acres, and Bluff View. The boundaries are Northwest Highway to the south, Midway Road to the west, Hillcrest Road to the east, and Royal Lane to the north. The Dallas North Tollway is the major thoroughfare in the area and runs directly through the center of the neighborhood, offering easy access to downtown, which is about 8 miles or a 17-minute drive.
The Preston Hollow zip codes are 75220, 75225, and 75230.
Map of Preston Hollow, Dallas
Preston Hollow History and Overview
The history of Preston Hollow began in 1850 when developers received land grants for the area north of Dallas. Initially, the area was mainly settled by small families and dairy farmers until it developed into a residential suburb in the 1920s. Developers began investing more in the area, attracting middle-class professionals like doctors, industrialists, lawyers, and oilmen that are drawn by the impressive country-style estate homes.
Throughout the 20th Century, Preston Hollow developed into one of Dallas’s most coveted neighborhoods. The area gained national attention in September 2008 when former President George W. Bush and his wife Laura purchased a home on Daria Place in Preston Hollow. Aside from the Bush family, Preston Hollow has been the home of many famous residents, including business magnate Ross Perot, Dallas Mavericks owner Mark Cuban and energy tycoon T. Boone Pickens. Today, Preston Hollow is a leafy suburb offering great schools, beautiful homes, and a high quality of life.
Preston Hollow Demographics
- Preston Hollow neighborhood population: 15,536
- Preston Hollow Educational Attainment: 51.3% of men and 42.5% of women hold a bachelor’s degree or higher
- Preston Hollow Median Age: 39.3
- Preston Hollow’s racial and ethnic composition: 50% white, 43.9% Hispanic, 3.2% black, and 1.8% Asian.
The median household income in Preston Hollow varies widely depending on the area. The Preston Hollow Advocate analyzed the median income per zip code: just $39,983 in 75220, $69,893 in 75230, and a whopping $151,967 in 75225 which also covers University Park.
What’s it Like Living in Preston Hollow
Living in Preston Hollow offers a calm suburban atmosphere and a relaxed pace of life. Residents will find peaceful tree-lined streets along with ranch-style homes and attractive estates. It’s a very walkable neighborhood where you’ll often see children riding bikes or pet owners walking the dog. It also offers easy access to the top private schools in Dallas, which attracts well-to-do families and some of the city’s most prominent residents. Despite its suburban atmosphere, the neighborhood sits along the Dallas North Tollway and Northwest Highway, offering easy access to the rest of the city. Residents will also find plenty of local shopping centers and restaurants in the neighborhood, so you don’t have to travel far to get what you need.
The neighborhood is also well known for containing some of the most expensive real estate in the city. If you take a drive down Strait Lane, you’ll find a collection of jaw-dropping mansions in the $10 to $20 million price range. But despite this reputation for affluence, most of the neighborhood is made up of modest single-family ranch homes owned by average families. There is very little crime, and residents can feel safe walking around the neighborhood anytime. Although you’ll find many shopping options and trendy restaurants, there is little nightlife. So, while Preston Hollow is one of the best Dallas suburbs for families and retirees, there may be better options for students and young professionals searching for action and adventure.
Things to Do in Preston Hollow – Best Restaurants, Attractions, and Shopping
Although Preston Hollow is primarily a residential neighborhood, residents will still find plenty of shopping and fun things to do within the community. Il Bracco is one of the best restaurants in Preston Hollow for those who enjoy Italian food, with homemade pasta and bread, as well as fish and protein that’s butchered in-house. The Greek Isles Grill & Taverna is another popular Preston Hollow restaurant serving upscale Greek cuisine ranging from grilled octopus to veal lemonati. For those in the mood for seafood, Rex’s Seafood Market is a great choice with oysters on the half-shell, smoked salmon, and other delicacies from the ocean.
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Residents can also find plenty of shopping within the neighborhood. Preston-Royal Shopping Center is a local strip mall with more than 60 retail shops, restaurants, and local businesses. The Preston Center Plaza is another local hotspot with upscale boutiques and chic eateries. On the other side of Hillcrest Road is the North Park Center, a high-end shopping mall with more than 200 retail outlets, restaurants, and a movie theater.
For entertainment, residents can check out the Northaven Trail, an 8.2-mile hiking and biking trail that runs through North Dallas. Preston Hollow Park offers a great place to relax and read a book or take the dog for a walk. Just outside of Preston Hollow, near the North Park Center, is the Two Bit Circus, an amusement park featuring arcade games, escape rooms, a VR playground, and other fun attractions.
Top Preston Hollow Attractions
- Il Bracco, 8416 Preston Center Plaza, Dallas, TX 75225, (214) 361-0100
- Greek Isles Grill and Taverna, 5934 Royal Ln #120, Dallas, TX 75230 (214) 484-8635
- Rex’s Seafood Market, 920 S Harwood St #150, Dallas, TX 75201 (214) 272-9372
- Preston-Royal Shopping Center, 6025 Royal Ln, Dallas, TX 75230
- Preston Center Plaza, 8300 Preston Rd, Dallas, TX 75225 (469) 232-0000
- North Park Center, 8687 N Central Expy, Dallas, TX 75225 (214) 363-7441
- North Haven Trail, Dallas, TX 75230
- Preston Hollow Park, 9000 Thackery St, Dallas, TX 75225 (214) 670-8740
- Two Bit Circus 8030 Park Ln Suite 200, Dallas, TX 75231 (469) 405-6166
Schools in Preston Hollow
Some of the best schools in Dallas are in Preston Hollow. The Dallas Independent School District serves the neighborhood, the second-largest school district in Texas which features some of the best public schools in the state. The neighborhood’s elementary schools include John J. Pershing Elementary School, Walnut Hill International Leadership Academy, Harry C. Withers, and Preston Hollow Elementary. Preston Hollow Elementary is located within the community and ranks among the highest in the district for test scores and math/reading proficiency.
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However, Preston Hollow is best known for its many private schools, which most students in the neighborhood attend. Some of the top Preston Hollow private schools include St. Marks School of Texas, a non-sectarian prep school offering K-12, the Ursulines Academy, a Catholic preparatory school for girls, and Wesley Prep, a Methodist elementary school offering pre-k through 6th grade.
Is Preston Hollow Safe?
Yes, Preston Hollow is a safe, affluent area with little crime. Although parts of Dallas have a reputation for crime and violence, Preston Hollow is one of the safest neighborhoods in the city and has one of the lowest crime rates. The crime rate in Preston Hollow is 8.06 per 100,000 residents, which makes it safer than 98% of US cities. The safest areas tend to be in the northeastern section of the neighborhood, where your chances of being the victim of a violent crime are 1 in 147.
Dallas City Council District 11, which covers a portion of Preston Hollow, has reported a 3% decrease in property crime so far in 2023 and a 15% decrease in violent crime. The area is patrolled by the Dallas County Police Department, which has 3646 law enforcement professionals, including 3137 total officers and 509 civilian employees.
Preston Hollow, Dallas Real Estate
The Preston Hollow real estate market is highly in-demand, and residents will find a wide range of housing available, from Mediterranean-style mansions to ranch-style single-family homes. The average home price in Preston Hollow is $950,000, according to RedFin, which is up by 28.7% since last year. The median price per square foot of Preston Hollow homes for sale is $304.
The estate area of Preston Hollow around Strait Lane and the surrounding area features some impressive architectural marvels ranging from 60’s and 70’s style brutalist architecture to Frank Lloyd Wright-designed mid-century modern homes. However, outside of the affluent enclaves residents will find plenty of traditional ranch and colonial homes reminiscent of quaint New England communities.
Preston Hollow also has plenty to offer renters, with an average rent of $1,454 per month, according to RentCafe, which is considerably lower than the national average of $1,727. About 27% of apartments cost between $700 and $1000 per month, while 47% are between $1,000 and $1500, and 11% are between $1500 and $2000.
Ready to relocate to this leavy suburban Dallas neighborhood? Trust our reliable team of Preston Hollow movers to make your journey smooth and stress-free. Call 469-772-4708 or fill out the form on our website to request a quote.