Dallas Fort Worth 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 2013 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 average campus accountability ratings. Violent and property crime rates indicate which Dallas Fort Worth 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 nicest 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.

2013 top ten cities/towns to buy a home in DFW metroplex
rank city/town median home price % scores at/above STAAR achievement standards violent crimes 1 property crimes 1 owner occupied homes population density 2 annual home value appreciation property taxes
1 Southlake $550,000 95.9 0.3 17.0 95.8% 1,236 5.3% 2.50%
2 Highland Village $298,000 94.4 0.5 7.3 96.2% 2,425 5.6% 2.31%
3 Flower Mound $280,000 93.5 0.8 9.6 92.0% 1,525 5.5% 2.19%
4 Colleyville $450,000 91.8 0.4 8.2 97.2% 1,811 3.9% 2.32%
5 Double Oak $436,500 91.3 0.0 2.7 n/a 1,256 11.0% 1.96%
6 University Park $1,218,900 97.0 0.3 14.1 77.2% 6,449 6.3% 2.06%
7 Fairview $350,000 95.2 n/a n/a 95.5% 948 6.6% 2.22%
8 Keller $307,500 91.3 0.6 12.4 87.6% 2,270 4.1% 2.62%
9 Trophy Club $305,000 90.9 0.7 15.5 90.4% 2,228 3.1% 2.41%
10 Frisco $275,000 92.2 1.0 20.6 80.0% 2,081 6.7% 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 "2013 where to buy a DFW home" analysis
rank city/town median home price % scores at/above STAAR achievement standards violent crimes 1 property crimes 1 owner occupied homes population density 2 annual home value appreciation property taxes
71 Addison $298,400 73.3 5.9 67.4 24.0% 3,481 3.2% 2.51%
11 Allen $230,000 93.3 0.8 17.7 80.7% 3,401 6.0% 2.55%
39 Anna $130,000 80.4 1.2 15.3 83.9% 638 7.7% 2.52%
16 Argyle $317,500 88.7 0.6 9.0 93.6% 660 4.6% 2.16%
65 Arlington $131,500 77.2 5.0 46.1 58.0% 3,810 5.7% 2.59%
54 Azle $141,000 77.1 2.1 34.5 70.1% 1,264 1.7% 2.48%
70 Balch Springs $70,000 70.6 7.9 62.9 60.7% 2,754 10.4% 2.87%
43 Bedford $167,500 88.7 3.5 31.8 55.7% 4,829 3.1% 2.55%
53 Benbrook $141,300 74.9 0.8 24.6 67.6% 1,804 5.0% 2.62%
34 Burleson $139,700 83.7 2.1 30.1 79.2% 1,598 4.3% 2.87%
46 Carrollton $182,300 81.8 1.7 27.3 66.3% 3,382 6.3% 2.59%
50 Cedar Hill $120,000 74.8 2.3 35.1 77.7% 1,294 8.6% 2.78%
23 Celina $199,000 88.2 0.3 13.6 83.4% 574 6.0% 2.61%
68 Cockrell Hill $69,000 70.3 0.4 8.2 n/a 7,436 18.4% 2.76%
4 Colleyville $450,000 91.8 0.4 8.2 97.2% 1,811 3.9% 2.32%
24 Coppell $306,900 90.8 0.8 16.3 75.0% 2,721 5.4% 2.73%
30 Corinth $185,600 85.7 0.9 11.9 84.5% 2,623 6.3% 2.56%
52 Crowley $125,000 74.7 2.7 28.6 71.7% 1,813 4.4% 2.98%
69 Dallas $250,000 73.5 6.8 50.6 45.8% 3,216 5.1% 2.73%
33 Dalworthington Gardens $503,300 83.4 0.0 2.7 n/a 1,334 10.7% 2.20%
51 Denton $159,900 82.4 2.7 28.6 47.3% 1,482 3.6% 2.50%
64 DeSoto $126,400 68.0 3.0 33.0 69.6% 2,366 7.5% 2.84%
5 Double Oak $436,500 91.3 0.0 2.7 n/a 1,256 11.0% 1.96%
66 Duncanville $109,500 70.1 3.2 40.5 71.1% 3,521 6.7% 2.81%
48 Euless $160,000 88.2 2.4 33.4 46.3% 3,266 2.4% 2.52%
7 Fairview $350,000 95.2 n/a n/a 95.5% 948 6.6% 2.22%
57 Farmers Branch $149,900 74.7 1.3 35.1 66.0% 2,433 3.9% 2.50%
3 Flower Mound $280,000 93.5 0.8 9.6 92.0% 1,525 5.5% 2.19%
63 Fort Worth $140,000 76.7 6.0 46.4 60.3% 2,257 4.1% 2.82%
10 Frisco $275,000 92.2 1.0 20.6 80.0% 2,081 6.7% 2.25%
55 Garland $120,000 79.8 2.3 37.5 65.5% 4,086 4.5% 2.60%
56 Glenn Heights $104,000 72.0 3.9 19.4 72.9% 1,796 13.2% 2.88%
59 Grand Prairie $136,000 75.2 3.3 38.8 63.3% 2,278 8.6% 2.78%
27 Grapevine $255,500 90.0 1.9 31.5 61.3% 1,350 8.2% 2.31%
62 Haltom City $84,900 75.8 2.7 39.7 58.5% 3,487 5.6% 2.73%
20 Heath $425,000 88.6 0.7 10.2 96.9% 735 1.0% 2.20%
45 Hickory Creek $246,500 84.1 3.9 21.4 n/a 849 9.7% 2.38%
14 Highland Park $1,390,500 93.5 0.0 23.0 83.4% 3,920 0.2% 2.00%
2 Highland Village $298,000 94.4 0.5 7.3 96.2% 2,425 5.6% 2.31%
41 Hurst $148,000 90.2 4.6 50.0 68.6% 3,823 5.3% 2.66%
67 Irving $172,000 73.0 2.3 30.8 39.6% 3,321 5.7% 2.71%
8 Keller $307,500 91.3 0.6 12.4 87.6% 2,270 4.1% 2.62%
40 Lake Dallas $147,800 84.1 1.2 23.3 70.0% 3,815 3.4% 2.66%
60 Lancaster $89,000 66.7 3.0 34.2 67.1% 1,313 9.4% 2.93%
42 Lewisville $176,900 86.2 1.9 31.8 45.9% 2,330 4.4% 2.18%
21 Little Elm $172,500 84.9 0.5 8.5 84.6% 1,578 8.9% 2.49%
19 Lucas $477,000 91.6 n/a n/a 92.3% 492 5.3% 2.07%
28 Mansfield $188,000 84.3 1.1 16.6 81.8% 1,619 5.6% 2.89%
18 McKinney $210,500 90.8 1.8 21.1 74.0% 2,276 7.0% 2.45%
32 Melissa $168,000 84.7 0.0 10.2 n/a 559 10.8% 2.48%
61 Mesquite $104,000 77.3 2.8 45.8 63.7% 3,018 6.8% 2.70%
12 Murphy $279,900 89.0 0.6 6.6 96.4% 3,356 4.6% 2.27%
44 North Richland Hills $169,000 85.2 2.9 29.4 65.8% 3,581 3.5% 2.69%
26 Parker $500,000 89.9 0.3 3.6 n/a 535 1.6% 2.08%
31 Plano $241,000 90.6 1.6 25.5 66.5% 3,766 4.9% 2.19%
17 Prosper $344,000 91.5 1.4 17.5 88.2% 694 3.8% 2.52%
38 Richardson $189,000 87.2 1.7 27.7 63.1% 3,607 5.5% 2.62%
49 Richland Hills $90,500 81.7 1.4 37.5 71.1% 2,552 2.5% 2.60%
58 River Oaks $69,000 73.5 1.1 26.9 74.5% 3,750 5.1% 2.95%
29 Roanoke $184,000 90.1 1.3 24.5 54.2% 1,272 7.7% 2.03%
25 Rockwall $196,800 88.5 1.2 26.7 77.4% 1,605 5.1% 2.36%
36 Rowlett $157,000 80.6 1.1 17.0 89.6% 2,859 6.4% 2.64%
22 Sachse $180,000 84.0 0.7 10.4 90.4% 2,179 8.2% 2.67%
37 Saginaw $120,000 82.4 2.1 24.2 84.8% 2,687 8.4% 2.67%
1 Southlake $550,000 95.9 0.3 17.0 95.8% 1,236 5.3% 2.50%
15 Sunnyvale $300,100 90.9 n/a n/a 94.5% 329 9.3% 2.46%
35 The Colony $146,500 81.8 1.4 15.4 71.0% 2,458 6.8% 2.42%
9 Trophy Club $305,000 90.9 0.7 15.5 90.4% 2,228 3.1% 2.41%
6 University Park $1,218,900 97.0 0.3 14.1 77.2% 6,449 6.3% 2.06%
47 Watauga $99,500 81.3 3.9 27.7 80.7% 5,766 6.6% 2.67%
13 Wylie $164,000 88.3 0.9 16.2 84.5% 1,218 8.1% 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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