richest suburbs of dallas

14 Richest Suburbs of Dallas and Fort Worth 2024

Dallas is home to some of the richest people in Texas. From the manicured estates in Westlake to Highland Park, often referred to as the Beverly Hills of Texas, the Dallas-Fort Worth area is home to the most expensive neighborhoods in Dallas. Here are the richest suburbs of Dallas and Fort Worth.

Suburban Home mansion

The rankings are based on both income and home prices.

Richest Suburbs of Dallas

1. Westlake, TX

Westlake is the richest suburb of Dallas with an impressive mean income of $471,768 and a median home price of a whopping $4,295,163.

Suburban Home mansion

Conveniently located between both Dallas and Fort Worth, Westlake is 31 miles north of Dallas and 23 miles north of Fort Worth. 

Westlake is one of the richest neighborhoods in Dallas with a small population of only 1623 people where 32% of the residents are children under 18 years old. 

Home to famous NFL players and wealthy business executives, Westlake is known for its exclusive neighborhoods 

One of the most exclusive neighborhoods in Westlake is Vaquero. Vacquero is a gated community where residents have membership to the uber-exclusive Vaquero Golf Club. 

Playing golf at a Country Club

Vaquero Golf Club is one of the most sought-after country clubs in Texas where the waitlist is over 2 years or you can buy a multi-million dollar home in Vacquero to get the coveted membership.

In addition to Vaquero, Westlake is also home to other prestigious neighborhoods, such as Glenwyck Farms with sprawling estates and multi-million dollar homes. 

Westlake’s reputation as one of the wealthiest suburbs of Dallas is well-deserved, thanks to its exclusive neighborhoods, country club lifestyle, and close proximity to both Dallas and Fort Worth.

Westlake, TX
Mean Income$471,768
Median Home Price$4,295,163
Bachelor’s Degree69.0%

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2. Highland Park, TX 

Highland Park is one of the wealthiest suburbs of Dallas with a mean income of $429,832. It’s consistently ranked as one of the wealthiest neighborhoods in Texas.

Suburban Home mansion

Highland Park is known for its high-end real estate. The town has some of the most expensive homes in the Dallas-Fort Worth area with Highland Park’s median home value at an impressive $2,536,834.

The town is also home to Highland Park Village, a luxury shopping center similar to Beverly Hills Rodeo Drive with high-end retailers such as Chanel, Hermes, Dior and Valentino.

Highland Park is also home to several parks including beautiful Lakeside Park, a 14 acre park along Turtle Creek where you can enjoy scenic views from the bridge atop the Turtle Creek Dam and the Teddy Bear statues.

Aside from the parks, Highland Park residents also have access to the town swimming pool and tennis courts. 

Many of the Highland Park wealthy residents opt for a more private experience, by joining the prestigious Dallas Country Club where membership is by invitation only.

Playing golf at a Country Club
Highland Park, TX
Mean Income$429,832
Median Home Price$2,536,834
Bachelor’s Degree84.6%

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3. Westover Hills, TX 

Westover Hills is one of the wealthiest suburbs of Fort Worth with a mean income of $392,987.

Suburban Home

The affluent Fort Worth neighborhood is located town located in Tarrant County, just 12 minutes from downtown Fort Worth. 

Westover Hills is known for its stunning homes and luxurious lifestyle, making it one of the wealthiest suburbs in the Dallas-Fort Worth area.

Home to some of the most expensive homes in the Dallas-Fort Worth area, Westover Hills has a median home price of $2,000,000.

With a population of just over 600 residents, Westover Hills is a small and exclusive community with large estates and beautiful tree-lined streets.

The town is also home to the prestigious Shady Oaks Country Club where members enjoy an 18-hole golf course, swimming, tennis, and social events as well as summer camps for kids. 

Westover Hills, TX
Mean Income$392,987
Median Home Price$2,000,000
Bachelor’s Degree77.3%

4. University Park, TX 

University Park is one of the most affluent suburbs of Dallas with a mean household income of $351,025 and a median home price of $1,924,227. 

Suburban Home

University Park is a wealthy enclave located within the Dallas-Fort Worth metroplex. 

Known for its upscale homes, excellent public schools, and proximity to Southern Methodist University (SMU), University Park is an affluent Dallas suburb with a population of 25,278 people. 

The wealthy Dallas suburb is primarily a residential community, with tree-lined streets, large lots, and well-maintained homes. 

The town is home to several parks and recreational facilities, including Curtis Park which is a summer hub with Holmes Aquatic Center’s 50-meter pool and diving board, a children’s wading pool, a playground, a stone bridge, and a pond stocked with catfish and bass for fishing.

University Park is also home to Southern Methodist University (SMU), a private university that attracts students and faculty from all over the world.

University Park, TX
Mean Income$351,025
Median Home Price$1,924,227
Bachelor’s Degree88.5%

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5. Southlake, TX 

Southlake is one of the most affluent suburbs of Dallas and is known for its luxurious homes, high-end shopping, and excellent schools. Southlake is consistently ranked as one of the wealthiest cities in Texas with a mean income of $325,046 and a median home price of $1,254,077.

Suburban Home

It’s a wealthy area of Dallas, located in Tarrant County with a population of 31,265 people.

One of the main attractions in Southlake is the Southlake Town Square, which is a high-end outdoor shopping center with a variety of upscale stores and restaurants. The Town Square also hosts events throughout the year, including a farmers market, live music, and holiday celebrations.

Southlake is also known for its excellent schools, which are part of the Carroll Independent School District. 

Niche.com ranks Carroll Independent School District as the #1 school district in the Dallas-Fort Worth Area. 

Home to the exclusive Timarron Country Club, Southlake residents can enjoy country living with golfing, tennis, swimming and social events. 

Luxurious homes, high-end shopping, and excellent schools make Southlake one of the best suburbs of Dallas.

Southlake, TX
Mean Income$325,046
Median Home Price$1,254,077
Bachelor’s Degree73.0%

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6. Heath, TX 

Heath is one of the richest suburbs of Dallas with a mean income of $278,868.

Suburban Home

Located in Rockwall County, Heath is known for its beautiful homes, scenic views, and excellent schools. 

With a population of just over 9,000, Heath has a small-town feel with all the amenities of a big city nearby.

Many of the homes in Heath are large, custom-built properties with expansive yards and breathtaking views of Lake Ray Hubbard. Heath has a median home price of $716,166.

Heath residents also enjoy a variety of outdoor activities, including fishing, boating, and hiking. The city is home to several parks and nature preserves, including the beautiful Terry Park, a waterfront park with a boat ramp.

For sailing enthusiasts, a membership at the Rush Creek Yacht Club is a must.

Heath, TX
Mean Income$278,868
Median Home Price$716,166
Bachelor’s Degree60.9%

7. Colleyville, TX 

Colleyville is a wealthy suburb of Dallas-Fort Worth with a mean income of $235,762. 

Suburban Home

Located in Tarrant County, it is known for its high-end homes and excellent schools.

Colleyville has a population of 26,057 people of which 23.8% of the residents are children 18 years and under. 

Colleyville is home to many affluent families who enjoy the city’s excellent amenities, including parks, shopping centers, and restaurants. The city has a small-town feel and is known for its friendly community.

One of the most notable features of Colleyville is its excellent school system. The city is served by the Grapevine-Colleyville Independent School District, which is one of the top-rated school districts in Texas. 

Niche.com ranks Grapevine-Colleyville Independent School District as the #5 best school district in the Dallas-Fort Worth area.

In addition to its excellent schools, Colleyville is also known for its high-end homes. The city has many large estates and gated communities, which offer residents privacy and luxury. 

The median home value in Colleyville is $898,859, making it one of the most expensive suburbs in the Dallas-Fort Worth area.

Colleyville, TX
Mean Income$235,762
Median Home Price$898,859
Bachelor’s Degree68.8%

8. Lucas, TX 

Lucas is one of the wealthiest suburbs of Dallas with a mean income of $232,162. 

Suburban Home

Lucas is a small town located in Collin County, just 30 miles north of Dallas with a population of 7,612. 

Lucas is known for its large estates and luxurious homes, with a median home value of $976,772. 

The town is also known for its excellent school district, Lovejoy ISD, which consistently ranks among the top school districts in the state.

Niche.com ranks the Lovejoy ISD as the #2 best school district in the Dallas-Fort Worth area.

Aside from great schools, the affluent residents of Lucas enjoy a peaceful, rural lifestyle, with large lots and plenty of open space. 

Lucas, TX
Mean Income$232,162
Median Home Price$976,772
Bachelor’s Degree59.4%

9. Annetta North, TX 

Annetta North is one of the richest suburbs of Dallas-Fort Worth with a mean income of $225,925. 

Suburban Home

It is a small affluent suburb located just 24 miles west of Fort Worth with a population of just over 500 people. It’s a suburb that is closer to Forth Worth than Dallas.

Annetta North is known for its luxurious estates with a median home price of $823,167.

Annetta North is a stone’s throw away from the exclusive Mira Vista Country Club in Fort Worth with a championship golf course, tennis courts, and social events. 

For upscale shopping, there are several high-end shopping at nearby Fort Worth, including the Shops at Clearfork which is a 20 minute drive.

Annetta North is a beautiful upscale suburb with easy access to the amenities of nearby Fort Worth.

Annetta North, TX
Mean Income$225,925
Median Home Price$823,167
Bachelor’s Degree52.1%

10. Trophy Club, TX 

Trophy Club is one of the richest suburbs in the Dallas-Fort Worth area with a mean income of $204,545.

Suburban Home mansion

It’s a wealthy Texas suburb located in Denton and Tarrant counties just 30 miles north of downtown Fort Worth and 25 miles northwest of downtown Dallas. 

Trophy Club is known for its upscale living, beautiful parks, and country club lifestyle with a median home price of $709,673.

The town is home to the exclusive Trophy Club Country Club with golf courses, tennis courts, swimming pools, and social events. There are several membership tiers available at the Trophy Club County Club from Full Membership to Golf Membership to Social Membership.

Golf Country Club

Trophy Club has several parks, including Harmony Park, a 13 acre park with playgrounds, soccer fields, tennis and basketball courts.

The town is also home to the Trophy Club Park with a boat ramp for boating and fishing at Lake Grapevine as well as an equestrian trail. 

For shopping, Trophy Club residents have the Trophy Club Town Center with shops and restaurants. 

For high-end shopping, Highland Park Village is a 36 minute drive. 

Trophy Club’s affluent residents have it all country club lifestyle and close proximity to both Dallas and Fort Worth. 

Trophy Club, TX
Mean Income$204,545
Median Home Price$709,673
Bachelor’s Degree66.8%

11. Hebron, TX 

Hebron is a wealthy suburb of Dallas with a mean income of $200,846.

white kitchen in Suburban Home

Located 26 miles north of Dallas, Hebron is one of the richest Dallas suburbs known for its beautiful homes, excellent schools, and upscale shopping areas.

Hebron is a small affluent suburb of 803 residents with a median home price of $731,591.

Hebron residents can enjoy the country club lifestyle with nearby country clubs, including the Lakes at Castle Hills and the Coyote Ridge Golf Club. These exclusive country clubs have golf, tennis, swimming, clubhouse dining and social events. 

In addition to the country clubs, Hebron is also near several upscale shopping areas, including the Shops at Legacy and the Stonebriar Centre. Both of these shopping areas are a quick 14 minute drive from Hebron.

Hebron, TX
Mean Income$200,846
Median Home Price$731,591
Bachelor’s Degree65.9%

12. Prosper, TX 

Prosper is one of the richest suburbs of Dallas with a mean income of $198,632. 

Suburban Home pool

Located in 38 miles north of Dallas, it is known for luxurious homes and top-rated schools.

With a population of over 30,000, Prosper has a median home price of $827,292.

Known for its top-rated schools, Niche.com ranks Prosper ISD as the #7 best school district in the Dallas-Fort Worth area.

Prosper is a wealthy Dallas suburb with a high percentage of children- 35.5% of Prosper residents are children under 18 years old.

Prosper is home to several country clubs, including Gentle Creek Country Club and Prosper Golf Club, providing residents with access to world-class golf courses and the country club lifestyle.

Aside from schools, Prosper has many family-friendly parks such as Frontier Park, a community park with playgrounds, splash pad and ball fields. It is also the venue for Prosper’s annual community party.

There is also Town Lake Park where residents can go to kayak, canoe, and fish in the 27-acre stocked lake.

For shopping, Prosper is within a 20 minute drive to high-end shopping malls, such as The Shops at Legacy and Stonebriar Centre. 

Great schools, excellent parks, country clubs and proximity to shopping and dining make Prosper one of the best suburbs of Dallas for families. 

Prosper, TX
Mean Income$198,632
Median Home Price$827,292
Bachelor’s Degree63.7%

13. Bartonville, TX 

Bartonville is one of the richest suburbs of Fort Worth and Dallas with a median home price of $1,628,542 and a mean income of $196,746.  

suburban home

It is a small and affluent town located in Denton County, just north of Dallas with a population of 1,725 people. 

Bartonville is known for its large estates and equestrian facilities. 

Home to Rockgate Equestrian Center a 72-acre dressage training facility, Bartonville is a haven for equestrians.

Bartonville is 5 minutes from Lantana Golf Club an exclusive club with an 18 hole golf course and family-friendly social events.

For shopping and dining, residents of Bartonville is an easy 15-minute drive from the Shops at Highland Village with restaurants, boutiques, salons and a day spa.

Bartonville, TX
Mean Income$196,746
Median Home Price$1,628,542
Bachelor’s Degree50.2%

14. Copper Canyon, TX 

Copper Canyon is one of the wealthiest suburbs of Dallas with a median home price of $1,174,859 and a mean income of $180,269.

suburban home

Located 34 miles north of Dallas, Copper Canyon is a small affluent suburb with a population of over 1,700 people.

Copper Canyon residents are 11 minutes from the exclusive Lantana Golf Club where members enjoy an 18-hole golf course, fitness center as well as a clubhouse for dining and social events.  

For shopping, Copper Canyon is a 7 minute drive from the The Shops at Highland Village, a popular shopping destination.

Copper Canyon, TX
Mean Income$180,269
Median Home Price$1,174,859
Bachelor’s Degree56.6%

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Richest suburbs of Dallas TX

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