East Dallas neighborhood scene showcasing historic homes, lush parks, and vibrant streets.

Lakewood vs. M-Streets vs. Lake Highlands: Which East Dallas Neighborhood Is Right for You?

Real Estate Broker in Dallas, TX
December 05, 2025•3 min read

Lakewood vs. M Streets vs. Lake Highlands: Which East Dallas Neighborhood Is Right for You?

If you’re considering a move within Dallas, you already know how diverse this city is. Each neighborhood has its own personality, lifestyle vibe, and unique appeal.

Choosing East Dallas neighborhoods is exciting but can also feel overwhelming. My goal is to help you make an informed decision based on your lifestyle, budget, and preferences.

Why East Dallas?

East Dallas is a vibrant tapestry of historic charm, contemporary flair, and natural beauty. It offers something for everyone, whether you love walkable shopping districts, lake views, or historic homes. Plus, East Dallas neighborhoods tend to be more affordable than some central spots while still offering great access to downtown and beyond.

Overview of the Neighborhoods

Lakewood

This area feels like a community with a small-town vibe, nestled around White Rock Lake. It’s famous for its lush parks, scenic trails, and family-friendly atmosphere. Homes here range from historic craftsman bungalows to modern new builds, often with large yards.

Recent Market Data:
The median home price in Lakewood is around $700,000, with properties holding value well. The neighborhood sees steady appreciation, thanks to its desirable location and community feel.

Lifestyle Perks:
Many residents enjoy outdoor activities on White Rock Lake, local farmers markets, and a close-knit neighborhood vibe. Schools serve primarily the Lakewood Elementary and Lakewood Middle, making it popular with families.

The M Streets

Short for “McKinney Streets” or “Maple Streets,” this area is renowned for its charming Craftsman and Tudor-style homes, tree-lined streets, and vibrant local spots. It’s a favorite for young professionals and families alike.

Recent Market Data:
The median home price hovers around $600,000, with many homes offering character and updates. It’s a lively, walkable community with a mix of historic and modern homes.

Lifestyle Perks:
It boasts popular spots like the M Streets shopping area, with boutique shops, bars, and eateries. The neighborhood is walkable, with easy access to street festivals and community events.

Lake Highlands

A little further east, Lake Highlands offers a quieter, more suburban feel. It’s a great neighborhood for those who want space but still want proximity to the city. It has excellent schools, parks, and a friendly atmosphere.

Recent Market Data:
Median home prices are slightly more affordable, around $500,000, making it a good option for first-time buyers or those looking to broaden their budget.

Lifestyle Perks:
Here, you’ll find family parks, hiking spots, and a tight-knit community. It’s perfect if you prefer a more relaxed pace and access to outdoor activities without sacrificing city convenience.

How to Choose the Right East Dallas Neighborhood?

When deciding on choosing East Dallas neighborhoods, consider the following:

  • Lifestyle Preferences: Do you want lakeside living, walkability, or suburban tranquility?

  • Budget: Median prices differ; Lake Highlands generally offers more value, while Lakewood commands a premium.

  • Commute & Access: All three neighborhoods offer quick access to downtown Dallas, but Lakewood and M Streets are more walkable.

  • Community & Schools: If families are involved, check out local elementary and middle schools in each area.

Actionable Tips for Your Search

  • Visit in person: Walk the streets, visit local shops, and experience the neighborhood vibe.

  • Review recent market trends: Dallas’s real estate market is constantly evolving. I recommend checking with a local expert on current prices.

  • Use local resources: Dallas neighborhoods like Lakewood and M Streets are featured in insights from sources like the https://colonialvanlines.com blog best-neighborhoods-in-dallas which highlight both their charm and investment potential.

  • Get professional guidance: I’m here to assist you through every step. Whether you’re interested in the historic homes of Lakewood, the lively streets of the M Neighborhood, or the family-friendly vibe of Lake Highlands, I can find options tailored to your needs.

Final Thoughts

Choosing the right East Dallas neighborhood boils down to understanding what makes each area special and how that aligns with your lifestyle. Whether it’s the outdoor recreation of Lakewood, the walkable charm of M Streets, or the quiet comfort of Lake Highlands, Dallas’s east side has something for everyone.

If you’re ready to explore your options or need personalized assistance, don’t hesitate to reach out.

Evan Downey
Real Estate Broker
214-997-4929
[email protected]
https://evandowneyrealestate.com

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Evan Downey is a broker associate with eXp Realty based in the great city of Dallas, TX. Evan grew up with an entrepreneur father who helped his clients do single-family and commercial 1031 exchanges in the TIC industry for 30+ years. Evan leaned more into single-family sales and specializes in getting deals done for Luxury buyers/sellers, investors looking for long-term rentals and fix & flip opportunities, and buyers/sellers all over the D/FW metroplex in North Texas. Evan’s 20+ years in sales have prepared him to negotiate the best deal on your behalf and never leave you with the question, “Maybe we could have gotten a better price?”. He understands that buying or selling a home can also be a time-consuming and emotional experience, his goal is to provide a positive, easy, and seamless process for all of his clients.

Evan Downey

Evan Downey is a broker associate with eXp Realty based in the great city of Dallas, TX. Evan grew up with an entrepreneur father who helped his clients do single-family and commercial 1031 exchanges in the TIC industry for 30+ years. Evan leaned more into single-family sales and specializes in getting deals done for Luxury buyers/sellers, investors looking for long-term rentals and fix & flip opportunities, and buyers/sellers all over the D/FW metroplex in North Texas. Evan’s 20+ years in sales have prepared him to negotiate the best deal on your behalf and never leave you with the question, “Maybe we could have gotten a better price?”. He understands that buying or selling a home can also be a time-consuming and emotional experience, his goal is to provide a positive, easy, and seamless process for all of his clients.

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