When it comes to finding the best real estate markets in North Texas, four cities stand out as prime locations for homebuyers and investors alike. According to a recent report by WalletHub, McKinney, Frisco, Denton, and Allen are among the top real estate markets not just in Texas, but in the entire United States.
This article will explore why these cities have earned their spots on the list and what makes them attractive options for those looking to invest in the housing market.
Best Real Estate Markets in North Texas
McKinney: The Top Real Estate Market
McKinney, Texas, has emerged as the top real estate market in North Texas, according to WalletHub’s 2024 rankings. The city’s strong performance is attributed to a combination of factors including a healthy housing market, affordability, and a robust economic environment. With a growing population and a high demand for housing, McKinney offers excellent opportunities for both buyers and sellers. The city’s charming downtown, excellent schools, and community-focused amenities also add to its appeal.
Frisco: A Close Contender
Frisco, Texas, follows closely behind McKinney as the second-best real estate market in North Texas. What sets Frisco apart is its number one ranking in affordability and economic environment, making it an attractive option for families and individuals looking for a good balance between cost of living and quality of life. Frisco’s rapid development, excellent school districts, and booming job market contribute to its high ranking, making it a hotspot for real estate investment.
Denton: A Growing Market
Denton, Texas, has secured the eighth position on WalletHub’s list of best real estate markets in the country. Denton’s unique blend of small-town charm and big-city amenities makes it a desirable location for homebuyers. The city is known for its vibrant arts scene, historic architecture, and a strong sense of community. With the University of North Texas and Texas Woman’s University located in Denton, the city also attracts a steady influx of students, creating a diverse and dynamic housing market.
Allen: A Suburban Gem
Allen, Texas, rounds out the list of top real estate markets in North Texas, coming in at ninth place overall. Allen’s appeal lies in its suburban feel, excellent schools, and family-friendly amenities. The city offers a variety of housing options, from affordable single-family homes to luxurious estates, catering to a wide range of buyers. Allen’s strategic location near major highways and its proximity to Dallas make it a convenient choice for commuters, further enhancing its desirability as a real estate market.
The best real estate markets in North Texas—McKinney, Frisco, Denton, and Allen—offer a mix of affordability, economic opportunity, and quality of life that make them top choices for homebuyers and investors. Whether you’re looking for a thriving urban environment, a suburban retreat, or a town with a strong sense of community, North Texas has something to offer. As these cities continue to grow and develop, they will likely remain at the forefront of the real estate market in Texas and the nation.
