It is located east of White Rock Lake and sometimes referred to as 'Dixon Branch' because of the creek by that name running through the neighborhood.

The Lochwood neighborhood is roughly pentagonal in shape, and is bounded on the north by East Northwest Highway (Texas Spur 244 or Texas State Highway Loop 12), on the west by East Lake Highlands Drive, on the southwest by Easton Road, on the southeast by Garland Road (Texas State Highway 78) and on the east by Jupiter Road.

The neighborhood was built starting after World War II and features many one- and two-story Ranch-style homes.

The neighborhood is revered for its abundance of mature trees, walking and hiking trails, proximity to White Rock Lake, and mid-century style homes.

The median price for a single family home in Lochwood was approximately $330,000 as of mid-2017.