homes on a budget

4 affordable North Texas cities are booming with homes under $500,000

1360 Winnipeg Drive, Lewisville home for sale

This two-story home in Lewisville is on the market for $480,000.

Dallas-Fort Worth suburbs have been soaring in popularity in 2024 as more residents escape the bigger cities. Now four more North Texas neighbors – Lewisville, Waxahachie, Midlothian, and Wylie – are earning accolades on a new list of the top 50 most affordable housing markets for homes under $500,000.

The study by personal finance website GoBankingRates.com evaluated the two-year numerical and percent change in total population for all U.S. cities with a population between 25,000 and 200,000. Cities were ranked based on two defining characteristics: A nine percent (or more) change in population from 2020 to 2022; and cities whose home values fell below $500,000 as of July 2024.

Lewisville ranked No. 11 out of all 50 cities in the report, with homes valued at $410,904 as of July 2024. The suburb is situated between Dallas and Fort Worth, and is conveniently north of Dallas-Fort Worth International Airport.

The city's population grew 16.05 percent from 2020 to 2022, from 107,740 to 125,028 residents. The city's steady growth rate has simultaneously brought more development to the area, including a new coffee shop, discount bin store, and even eight new dining options at The Realm at Castle Hills.

Located 60 miles south in the opposite direction of Lewisville is Waxahachie, which landed at No. 20 on the list. With home values in the city adding up to $363,709, Waxahachie is the most affordable North Texas suburb in the report. The city's population grew 13.79 percent from 2020 to 41,801 residents in 2022, the report found.

Waxahachie's nickname as the "Crepe Myrtle Capital of Texas" was earned thanks to the city's beautiful scenery and its annual Crape Myrtle Festival, where tourists and residents from all over North Texas flock to see the fully bloomed trees in the summer.

"The charm of the historic homes and buildings brings thousands of visitors to the city each year," the Waxahachie Convention and Visitor's Bureau website says. "While here, visitors enjoy numerous unique shopping opportunities, including antiques, specialty shops and boutiques."

Waxahachie’s legendary Ellis County Courthouse is the most photographed courthouse in the state of Texas. Photo courtesy of Visit Waxahachie

Midlothian ranked just seven spots behind Waxahachie, with home values reaching $454,929 in July. This far-flung suburb is 26 miles southwest of downtown Dallas, and is a next door neighbor to Waxahachie.

From 2020 to 2022, Midlothian's population grew by nearly 4,000 people to 35,460 total residents. Locals should expect that number to continue growing over the next few years (along with the city's home values) as Google invests over $1 billion into its Midlothian data center campus.

In a statement, Google Cloud VP Yolande Piazza said that "expanding [Google's] cloud and data center infrastructure in Midlothian and Red Oak reflects [the company's] confidence in the state's ability to lead in the digital economy."

Meanwhile, Wylie (No. 34) rounds out the list of North Texas suburbs with the most affordable housing markets for under $500,000. According to the report, home values in Wylie amounted to $441,105 in July 2024.

Wylie had the smallest growth by percentage out of the four DFW cities, at just 11.40 percent. But that resulted in 5,812 new residents moving to the city from 2020 to 2022, bringing the total population to 57,063 residents.

In 2022, Fortune Magazine rated Wylie the No. 2 best place in the U.S. for families to live, hailing the city "a fast-growing, modern community that doesn’t skimp on the amenities."

Wylie, Texas Wylie is one hot 'burb. Wylie Facebook

"With its start as a stop on the Santa Fe Railway in the 1880s, Wylie has always been a gathering place," the magazine wrote at the time. "In fact, because shops stayed open late to accommodate the railway visitors and business, one of the town’s nicknames became 'Wide-Awake Wylie.' The historic downtown continues that tradition of community today..."

Other affordable suburbs in Texas
Only eight total Texas suburbs earned spots on GoBankingRates list of fastest-growing suburbs with home values under $500,000. Two San Antonio suburbs, Canyon Lake and New Braunfels, ranked No. 5 and No. 44 nationwide. Baytown, which is located 26 miles east of Houston, ranked No. 36. The Austin suburb of Hutto fell towards the bottom of the list as No. 42.

The top 10 fastest-growing American suburbs with home values under $500,000 are:

No. 1 – Mooresville, North Carolina
No. 2 – Hamtramck, Michigan
No. 3 – Buckeye, Arizona
No. 4 – Union City, Georgia
No. 5 – Canyon Lake, Texas
No. 6 – Olive Branch, Mississippi
No. 7 – Maricopa, Arizona
No. 8 – Clermont, Florida
No. 9 – Leesburg, Florida
No. 10 – Goodyear, Arizona

For the purpose of the study, GoBankingRates analysts focused on U.S. cities that are part of a metropolitan statistical area (MSA) with more than one million in total population.

The full report and its methodology can be found on gobankingrates.com.

real estate housing markets dallas fort worth suburbs

safe suburbs

Dallas neighbor is proclaimed the second safest city in the U.S.

City of Frisco TX - City Hall/Facebook

Frisco residents feel right at home in the second-safest city in America.

One of Dallas' buzziest suburbs is also one of the safest in the U.S.: It's none other than Frisco, which was declared the No. 2 safest city in America for 2025 in a new study by personal finance advisors MoneyGeek.

The website's experts used an unusual metric: They looked at FBI crime statistics from 2023 to determine the cost of crime in 292 U.S. cities with populations over 100,000 residents.

The estimated cost of crime — otherwise known as the "societal cost of crime per resident" – was a mere $287 in 2023 in Frisco. That cost per capita is far lower than the national crime cost, which was $2,178 per resident.

The report also analyzed the city's violent crime and property crime rates per 100,000 residents, and Frisco again came through with flying colors, logging the third-lowest rate of violent crime in 2023, or only 86 crimes committed for every 100,000 residents.

The city didn't fare as well on property crime rate: There were 1,357 property crimes committed in 2023, the 40th lowest rate out of all 292 U.S. cities. It's still better than most places in the country, and way better than Oakland, California, which had the highest property crime rate in the nation with 10,117 crimes committed per 100,000 residents.

Finally, MoneyGeek determined each city's total cost of crime, which the study defines as the "economic losses attributed to crime and its cost to society (individuals, community and nationally) in millions."

In this metric, Frisco had the 11th lowest total crime cost, which came out to more than $65.5 million in 2023.

While some of these statistics may seem damning, Tulane University associate professor of political science Geoffrey T. Dancy warns it is unwise to make assumptions about a city based solely on its crime rates.

"We live in an unequal society," said Dancy in the report. "One often overlooked indicator of that inequality is who gets to engage in the politics of safety. Those who are objectively safe often fear crime and act on it in the counterproductive policies they support. Those who are actually victimized by crime and terrorized by gun violence pay the price and are rarely heard."

Other safe Texas cities in the report include Houston (No. 13), Plano (No. 18), Sugar Land (No. 20), McKinney (No. 22), Round Rock (No. 26), Grand Prairie (No. 42), and League City (No. 48).

In a comparison of just large U.S. cities, Arlington ranked as the No. 12 safest nationally with crime costs amounting to $1,515 per capita.

The top 10 safest American cities for 2025 are:

No. 1 – Ramapo Town, New York
No. 2 – Frisco, Texas
No. 3 – Irvine, California
No. 4 – Fishers, Indiana
No. 5 – Lakewood Township, New Jersey
No. 6 – Cary, North Carolina
No. 7 – Pembroke Pines, Florida
No. 8 – Elk Grove, California
No. 9 – Surprise, Arizona
No. 10 – Sterling Heights, Michigan

In a separate MoneyGeek analysis of the safest small cities in each state, Sachse (located 26 miles northeast of downtown Dallas) came out on top over all other tiny Texas towns with populations between 30,000 and 100,000 residents. In the national comparison, Sachse is the 40th safest small city in America.

For the purpose of the study, violent crime rates were determined based on the number of murders and non-negligent manslaughters, rapes, robberies and aggravated assaults per 100,000 residents; and property crimes were defined as the rates of burglary, larceny-theft and motor vehicle theft offenses per 100,000 residents.

dallas frisco suburbs reports rankings