The Texas housing market is heating up, and cities like Frisco, McKinney, and Killeen are grabbing attention. With August already here, more buyers are flocking to these areas for the perfect mix of affordability, growth, and a solid lifestyle.
But here’s the real question: where can you find a house that doesn’t drain your bank account? Let’s break it down—what each city has to offer.
#1 McKinney: A Sweet Spot for Homebuyers Seeking Growth and Value
Located just north of Dallas, McKinney offers easy access to the city’s amenities without the steep price tag. The median sale price of single-family homes for sale in McKinney is approximately $547,000, a 5.8% increase compared to the previous year, as per Houzeo’s analysis of the Texas housing market. Homes in this area are generally on the market for 43 days, indicating that demand is steady but not overwhelmingly competitive.
McKinney strikes a balance between small-town charm and big-city convenience. It’s got a historical downtown, beautiful parks, and a family-friendly vibe that makes it an ideal place to settle. Interestingly, McKinney is experiencing a unique trend when it comes to mobility. 74% of McKinney homebuyers are opting to stay within the McKinney metropolitan area, reflecting a strong local demand, as per Redfin.
When it comes to those moving into McKinney, there’s a notable shift. About 2% of homebuyers searching for homes in McKinney are coming from outside metro areas, with the largest group coming from Los Angeles, followed by Seattle and San Francisco. This shows that McKinney’s affordability, combined with its proximity to Dallas, is attracting people from high-cost coastal cities looking to get more for their money.
Best for: Families seeking affordable growth opportunities and family-friendly amenities with easy access to Dallas.
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#2 Frisco: A Thriving Market for Homebuyers Seeking Luxury and Growth
Frisco has seen rapid development in recent years, offering a mix of upscale living, sports and entertainment venues, and excellent schools. This has made it a prime spot for families and professionals alike.
The median sale price of a single-family home for sale in Frisco is approximately $685,000, representing a 7.3% increase from the previous year. Homes in this area tend to sell after an average of 36 days, indicating a competitive market but with relatively quick turnover compared to other high-demand areas. The area continues to experience steady growth, with new developments and luxury homes popping up, maintaining its reputation as a sought-after area for homebuyers in the Dallas-Fort Worth metroplex.
Interestingly, 57% of Frisco homebuyers are opting to stay within the Frisco metropolitan area, a reflection of the strong local demand and the city’s attractive amenities. Among buyers looking to leave Frisco, Phoenix is the most popular destination, followed by Houston and Austin.
Best for: Professionals seeking luxury living and a growing community with access to Dallas amenities.
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#3 Killeen: The Budget-Friendly Choice for Homebuyers Looking for Value and Potential
Killeen, located in Central Texas, is quickly becoming a hotspot for homebuyers who want affordable options without sacrificing convenience or potential. Killeen offers a unique blend of affordable housing, a strong military presence, and community-oriented amenities. Besides, the median sale price of single-family homes in Killeen is approximately $235,000, which makes it one of the most affordable cities in the Texas housing market.
An 8% decrease in home prices YoY indicates a significant cooling trend in the local housing market. Homes for sale in Killeen typically sell after 45 days on the market, signaling steady demand. Killeen’s affordability, paired with the economic stability provided by jobs in Fort Hood, makes it an attractive choice for first-time homebuyers and military families. In fact, military homebuyers account for a substantial share of the local market.
Interestingly, about 48% of Killeen homebuyers are looking to stay within the Killeen metropolitan area, indicating strong local demand. For those moving to Killeen from other areas, the most common destinations are Houston, Phoenix, and Corpus Christi, underscoring the growing appeal of Killeen’s affordable housing market.
Best for: First-time homebuyers, military families, and individuals seeking affordable housing with room for growth and easy access to Central Texas amenities.
