Dallas Area Best Places To Buy A Home

All home buyers have their own ideas about why they consider one area a better place to buy a home than another, but there seem to be four general requirements that top the selection criteria lists of almost all of the buyers with whom I work.

Happy couple standing on front porch of their homeTypically the number one item mentioned is top-notch schools. This is followed by "safe" and "nice" place to live requirements. Rounding out the list of general requirements are probability of an acceptable level of property appreciation and relatively low property taxes. These then are the requirements that serve as the criteria in this 2014 analysis comparing 71 towns and cities within the DFW metroplex to determine which is the best places to buy a home.

As discussed in the Methodology section at the bottom of this page, the metric for evaluating the performance of schools in the various cities/towns within the DFW metroplex for are their STAAR student achievement indexes. Violent and property crime rates indicate which Dallas area cities/towns are likely the safest places to live. Percentage of owner occupied homes and population density provide insight into which are the DFW's best places to live. Comparisons of annual home value appreciation and property tax rates round out this analysis. Median home prices of previously occupied MLS-listed homes sold during 2013, also shown in the tables below, were not considered in compiling these DFW best places to buy a home rankings, and are provided for information only.

2014 top ten cities/towns to buy a home in DFW metroplex
rankcity/townmedian home price% scores at/above STAAR achievement standardsviolent crimes 1property crimes 1owner occupied homespopulation density 2annual home value appreciationproperty taxes
1Southlake$550,00095.90.317.095.8%1,2365.3%2.50%
2Highland Village$298,00094.40.57.396.2%2,4255.6%2.31%
3Flower Mound$280,00093.50.89.692.0%1,5255.5%2.19%
4Colleyville$450,00091.80.48.297.2%1,8113.9%2.32%
5Double Oak$436,50091.30.02.7n/a1,25611.0%1.96%
6University Park$1,218,90097.00.314.177.2%6,4496.3%2.06%
7Fairview$350,00095.2n/an/a95.5%9486.6%2.22%
8Keller$307,50091.30.612.487.6%2,2704.1%2.62%
9Trophy Club$305,00090.90.715.590.4%2,2283.1%2.41%
10Frisco$275,00092.21.020.680.0%2,0816.7%2.25%
1 Offenses reported per 1,000 residents.
2 Residents per square mile.

Additional information, more related to the needs of a specific individual or family, that might be considered in a "best places to live" analysis is available by clicking on these demographics and commute times and distances links.

All cities/towns included in 2014 where to buy a DFW home analysis
rankcity/townmedian home price% scores at/above STAAR achievement standardsviolent crimes 1property crimes 1owner occupied homespopulation density 2annual home value appreciationproperty taxes
71Addison$298,40073.35.967.424.0%3,4813.2%2.51%
11Allen$230,00093.30.817.780.7%3,4016.0%2.55%
39Anna$130,00080.41.215.383.9%6387.7%2.52%
16Argyle$317,50088.70.69.093.6%6604.6%2.16%
65Arlington$131,50077.25.046.158.0%3,8105.7%2.59%
54Azle$141,00077.12.134.570.1%1,2641.7%2.48%
70Balch Springs$70,00070.67.962.960.7%2,75410.4%2.87%
43Bedford$167,50088.73.531.855.7%4,8293.1%2.55%
53Benbrook$141,30074.90.824.667.6%1,8045.0%2.62%
34Burleson$139,70083.72.130.179.2%1,5984.3%2.87%
46Carrollton$182,30081.81.727.366.3%3,3826.3%2.59%
50Cedar Hill$120,00074.82.335.177.7%1,2948.6%2.78%
23Celina$199,00088.20.313.683.4%5746.0%2.61%
68Cockrell Hill$69,00070.30.48.2n/a7,43618.4%2.76%
4Colleyville$450,00091.80.48.297.2%1,8113.9%2.32%
24Coppell$306,90090.80.816.375.0%2,7215.4%2.73%
30Corinth$185,60085.70.911.984.5%2,6236.3%2.56%
52Crowley$125,00074.72.728.671.7%1,8134.4%2.98%
69Dallas$250,00073.56.850.645.8%3,2165.1%2.73%
33Dalworthington Gardens$503,30083.40.02.7n/a1,33410.7%2.20%
51Denton$159,90082.42.728.647.3%1,4823.6%2.50%
64DeSoto$126,40068.03.033.069.6%2,3667.5%2.84%
5Double Oak$436,50091.30.02.7n/a1,25611.0%1.96%
66Duncanville$109,50070.13.240.571.1%3,5216.7%2.81%
48Euless$160,00088.22.433.446.3%3,2662.4%2.52%
7Fairview$350,00095.2n/an/a95.5%9486.6%2.22%
57Farmers Branch$149,90074.71.335.166.0%2,4333.9%2.50%
3Flower Mound$280,00093.50.89.692.0%1,5255.5%2.19%
63Fort Worth$140,00076.76.046.460.3%2,2574.1%2.82%
10Frisco$275,00092.21.020.680.0%2,0816.7%2.25%
55Garland$120,00079.82.337.565.5%4,0864.5%2.60%
56Glenn Heights$104,00072.03.919.472.9%1,79613.2%2.88%
59Grand Prairie$136,00075.23.338.863.3%2,2788.6%2.78%
27Grapevine$255,50090.01.931.561.3%1,3508.2%2.31%
62Haltom City$84,90075.82.739.758.5%3,4875.6%2.73%
20Heath$425,00088.60.710.296.9%7351.0%2.20%
45Hickory Creek$246,50084.13.921.4n/a8499.7%2.38%
14Highland Park$1,390,50093.50.023.083.4%3,9200.2%2.00%
2Highland Village$298,00094.40.57.396.2%2,4255.6%2.31%
41Hurst$148,00090.24.650.068.6%3,8235.3%2.66%
67Irving$172,00073.02.330.839.6%3,3215.7%2.71%
8Keller$307,50091.30.612.487.6%2,2704.1%2.62%
40Lake Dallas$147,80084.11.223.370.0%3,8153.4%2.66%
60Lancaster$89,00066.73.034.267.1%1,3139.4%2.93%
42Lewisville$176,90086.21.931.845.9%2,3304.4%2.18%
21Little Elm$172,50084.90.58.584.6%1,5788.9%2.49%
19Lucas$477,00091.6n/an/a92.3%4925.3%2.07%
28Mansfield$188,00084.31.116.681.8%1,6195.6%2.89%
18McKinney$210,50090.81.821.174.0%2,2767.0%2.45%
32Melissa$168,00084.70.010.2n/a55910.8%2.48%
61Mesquite$104,00077.32.845.863.7%3,0186.8%2.70%
12Murphy$279,90089.00.66.696.4%3,3564.6%2.27%
44North Richland Hills$169,00085.22.929.465.8%3,5813.5%2.69%
26Parker$500,00089.90.33.6n/a5351.6%2.08%
31Plano$241,00090.61.625.566.5%3,7664.9%2.19%
17Prosper$344,00091.51.417.588.2%6943.8%2.52%
38Richardson$189,00087.21.727.763.1%3,6075.5%2.62%
49Richland Hills$90,50081.71.437.571.1%2,5522.5%2.60%
58River Oaks$69,00073.51.126.974.5%3,7505.1%2.95%
29Roanoke$184,00090.11.324.554.2%1,2727.7%2.03%
25Rockwall$196,80088.51.226.777.4%1,6055.1%2.36%
36Rowlett$157,00080.61.117.089.6%2,8596.4%2.64%
22Sachse$180,00084.00.710.490.4%2,1798.2%2.67%
37Saginaw$120,00082.42.124.284.8%2,6878.4%2.67%
1Southlake$550,00095.90.317.095.8%1,2365.3%2.50%
15Sunnyvale$300,10090.9n/an/a94.5%3299.3%2.46%
35The Colony$146,50081.81.415.471.0%2,4586.8%2.42%
9Trophy Club$305,00090.90.715.590.4%2,2283.1%2.41%
6University Park$1,218,90097.00.314.177.2%6,4496.3%2.06%
47Watauga$99,50081.33.927.780.7%5,7666.6%2.67%
13Wylie$164,00088.30.916.284.5%1,2188.1%2.87%
1 Offenses reported per 1,000 residents.
2 Residents per square mile.

If you want to venture even deeper into the detail, additional 2013 home price information and home age information for MLS-listed homes sold in the DFW cities and towns listed above is available on the DFW cities/towns home prices distribution and DFW cities/towns home ages distribution pages.

Methodology

Five factors were considered for determining which DFW metroplex cities and towns are the best places to buy a home: education, safety, desirability, property appreciation and property taxes.

Each city/town included in this analysis was measured against seven evaluation criteria that were selected to reflect these five factors. Within each evaluation category, the top rated city/town was awarded the maximum points allocated to that category and bottom rated city/town received zero points. All other cities/towns were awarded a proportional number of points based on how their individual scores compared to the score of the top rated city/town. Scores from all seven evaluation categories were then added together for each city/town and then divided by the total possible points to arrive at an overall total score.

Crime statistics were not available or only partially available for Fairview, Lucas and Sunnyvale. Similarly, percentage ownership statistics were unavailable for Cockrell Hill, Dalworthington Gardens, Double Oak, Hickory Creek, Melissa and Parker. While these cities/towns were credited with no points in the applicable categories, total possible points for each of these cities/towns also were reduced accordingly.

Education: 100 points

Based on the percentage of students attending schools serving in the city/town meeting the TEA's State of Texas Assessments of Academic Readiness (STAAR) achievement standards on reading, writing, mathematics, science, and social studies subject assessments. Sources: Texas Education Agency and North Texas Real Estate Information Systems.

Safety: 50 points

Based on Federal Bureau of Investigation 2012 statistics for eight types of offenses: murder and negligent homicide, forcible rape, robbery and aggravated assault (violent crimes), and burglary, larceny-theft, motor vehicle theft, and larceny (property crimes). The crime statistics shown above for each city/town are the number of incidents reported per 1,000 residents living there. Thirty points were allocated to violent crimes category and twenty points were allocated to property crimes category. Source: 2012 Annual Uniform Crime Report.

Desirability: 60 points

Based on percentage of owner occupied homes and population density. The city/town with the highest percentage of owner occupied homes was awarded fifty points. Cities/towns with a population density of more than than 1,000 residents per square mile and less than 2,500 residents per square mile received ten points. The logic employed in awarding points in the population density category was that cities/towns with less than 1,000 residents per square mile are less likely than more densely populated cities/towns to have the neighborly feel or the shopping and other similar amenities desired by most home buyers. Cities/towns with population density in excess of 2,500, on the other hand, are often perceived to have significant traffic and other similar problems and feel somewhat crowded. Sources: U.S. Census Bureau 2010 and 2012.

Property Appreciation: 20 points

Based on the difference between the weighted average price per square foot of MLS-listed existing single family homes sold in 2012 and 2013. Source: North Texas Real Estate Information Systems.

Property Taxes: 20 points

Based on the prevailing 2013 property tax rate, not including any personal exemptions, for each city/town. For additional information about the taxing jurisdictions and school, city and county property rates that result in the above combined tax rates, click on this DFW property tax rates link. Source: Collin, Dallas, Denton,Rockwall and Tarrant central appraisal districts.

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If you are looking for an experienced local agent who works personally with each of his clients, please call 972 355-3511 or send me an e-mail and let's talk about how I can assist you. If you will be coming from outside the DFW area and would like for me to show you homes while you are here, please call me before finalizing your travel plans.