What Does It Actually Cost to Live in Highland Village, Texas in 2026?
Highland Village's median home sold for $588,610 in 2026, down 10.8% year over year. What buyers and sellers should know about this Denton County lake town.
What does it actually cost to live in Highland Village, Texas in 2026?
By Paul Blair | September 19, 2026
What does it actually cost to live in Highland Village, Texas in 2026? The median home here sold for $588,610 in the three months ending in August, down 10.8% from a year earlier, at roughly $211 a square foot, according to Redfin's local market data. Homes still moved fast, a median of 25 days on market and a 99.2% sale-to-list ratio, both improved from last year. A real price pullback next to a market that closes near asking in under a month tells you something specific about this town. It is not overbuilt, it is not stagnant, and it does not behave like its bigger neighbors.
I have worked the Denton County corridor long enough to see Highland Village get treated as an afterthought next to Flower Mound. It should not be. Here is what a buyer or seller actually needs to know about it in 2026.
A lake town that finished building decades ago
Highland Village incorporated on February 14, 1963, on the south shore of Lewisville Lake in Denton County, and it grew the way most of this stretch of DFW did once DFW International Airport opened, from a few hundred residents to more than 16,500 by the 2020 census, according to the city's own demographic data. The land area is 6.4 square miles, and that number matters more than it sounds like it should. Highland Village is essentially built out. There is very little raw land left to develop, which means the inventory a buyer sees here is overwhelmingly resale, not a builder's spec sheet.
That is a different proposition from Flower Mound or Argyle, where new subdivisions are still filling in. In Highland Village, you are buying into streets platted mostly across the 1980s, 1990s, and 2000s, with mature trees and established lot lines rather than a construction schedule.
Streets, lots, and what the lake actually gets you
The city's commercial and retail development concentrates along the FM 407 and FM 2499 corridors, while lakefront and lake-view homes cluster toward the water on the north side of town, per the city's community information page. The Inland Trail System, a 9.83-mile multi-use network, connects neighborhoods to parks, schools, and retail centers, so a lot of daily errands here do not require getting on FM 407 at all.
Mature trees and two-story brick construction from the 1990s and 2000s define most of Highland Village's built-out residential streets.
Architecturally, expect what a town built out mostly across two decades produces: brick and stone traditionals, two-story floor plans on quarter-acre-and-up lots, with the highest price tier sitting on or near the lakefront itself. The Highland Village/Lewisville Lake DCTA rail station, at I-35E and Garden Ridge Boulevard, opened in 2011 and gives residents a rail option into Dallas, a meaningfully different commute profile than towns further out the growth corridor toward Argyle and Denton.
Thinking about selling in Highland Village? Request a confidential valuation and I will walk you through what a genuinely resale-dominant market means for how you price and time your listing. Our seller's guide covers the pricing and timing basics if you want the broader framework first.
What the city's own finances say
Highland Village holds an S&P AAA bond rating, a distinction shared by only 46 Texas cities, and the town issued $7.4 million in certificates of obligation for street reconstruction this year without moving its own property tax rate, according to the Cross Timbers Gazette's October 2025 city update. The fiscal 2026 city rate sits at $0.500984 per $100 of assessed value, a small increase from $0.500273 that raises the average homeowner's bill by roughly $117 a year. Layer in Lewisville ISD and Denton County on top of that, and the combined property tax rate lands around $1.82 per $100 of assessed value, per the city's demographics page. Verify your specific parcel's assessed value and exemptions through the Denton Central Appraisal District rather than relying on any estimate, including this one, since school attendance boundaries and exemption eligibility both need direct confirmation.
Two road projects are funded off that bond issuance: a $5.5 million reconstruction of Highland Shores Boulevard from Briarhill to Twin Coves, and a $1.56 million widening and sidewalk project on Highland Village Road, both expected to break ground in 2026. Neither changes school attendance boundaries or the footprint of the town, but if your daily route runs through either corridor, expect a construction season before either one is an improvement rather than a detour.
How it compares
Highland Village sits in a specific spot between its two most obvious neighbors. Flower Mound, immediately to the south and west, runs a median sale price of $639,577 at $236 a square foot, per Redfin, and it is still adding new subdivisions through projects like Furst Ranch. Lewisville, directly north and east, is the larger and more affordable option at a $400,300 median and $215 a square foot, with a longer 33-day median time on market. Highland Village lands in between on price but leads both on speed and sale-to-list ratio, which is consistent with a market where relatively few resale homes come up for sale at any given time. City-level median household income of $156,050, well above the metro figure, tracks with a market where buyers are competing on financing strength as much as on list price.
| City | Median sale price | Price per sq ft | Median days on market | Sale-to-list ratio |
|---|---|---|---|---|
| Highland Village | $588,610 | $211 | 25 | 99.2% |
| Flower Mound | $639,577 | $236 | 27 | 99.1% |
| Lewisville | $400,300 | $215 | 33 | 98.5% |
Source: Redfin, three months ending August 2026 for all three cities.
Frequently Asked Questions
Is Highland Village a buyer's or seller's market in 2026?
It leans toward sellers on speed and pricing power even as the headline price is down. A 99.2% sale-to-list ratio and a 25-day median time on market both improved year over year, according to Redfin, while the median sale price fell 10.8%. That combination usually means last year's comps overshot the market and this year's correctly priced listings are still moving quickly, which is a narrower needle for a seller to thread than either a straightforward up market or down market.
What is the property tax rate in Highland Village?
The city's own fiscal 2026 rate is $0.500984 per $100 of assessed value. Combined with Lewisville ISD and Denton County levies, the total lands around $1.82 per $100 of valuation, according to the city's own published figures. Confirm your specific parcel, exemptions, and total bill through the Denton Central Appraisal District rather than relying on a citywide average.
How does Highland Village compare to Flower Mound and Lewisville?
It sits between them on price, at a $588,610 median against Flower Mound's $639,577 and Lewisville's $400,300, and it currently leads both on days on market and sale-to-list ratio. The practical difference is supply: Flower Mound still has new-construction pipeline through projects like Furst Ranch, Lewisville has a larger and more varied resale stock, and Highland Village is close to fully built out, so what you see for sale is close to all there is.
What development projects are changing Highland Village right now?
The visible ones are municipal, not private. A $5.5 million reconstruction of Highland Shores Boulevard and a $1.56 million widening project on Highland Village Road are both funded and expected to start in 2026, alongside the city's S&P AAA bond rating affirmation this past October. There is no large private residential development in the pipeline comparable to what is happening in Flower Mound or the Collin County growth corridor, which is consistent with a town that has little land left to build on.
Should I use a local agent to buy or sell in Highland Village?
In a built-out resale market like this one, the value an agent adds is knowing which streets carry a genuine lake premium, which resale inventory has already been updated versus original condition, and how the DCTA station and trail system actually change a daily commute versus how they look on a map. That is granular, block-by-block knowledge, not something a citywide market report gives you. I am Paul Blair, founder and broker of Grey Square, and I have spent 22 years and more than $200 million in closed transactions working the Denton County corridor from Flower Mound through Highland Village. If you want a straight read on your specific street, schedule a private consultation.
Working with Grey Square in Highland Village
Highland Village is a small town to cover well, and that is exactly the point. There are no subdivisions still filling in, no builder incentives to track, and no citywide average that actually describes any one street. The questions worth answering are narrower: whether a specific lake-view lot justifies its premium over the next block inland, whether a 1990s two-story needs updating before it lists or should be priced for a buyer who wants to do that themselves, and what the Highland Shores Boulevard reconstruction means for a house two streets over. Those are answerable, and they are the ones worth spending your time on.
If you are buying or selling in Highland Village, schedule a private consultation or browse current DFW listings to see what is moving.
Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas and Los Angeles. With 22 years in the business and more than $200 million in closed transactions, Paul works the full range of the market, from luxury homes in the Park Cities and Preston Hollow to estates in the Hollywood Hills and across the Westside. Connect with Paul and the Grey Square team at greysq.com. TX TREC #9011505 · CA DRE #01792671.