Are you looking to invest in real estate near Dallas, Texas?

Cities near Dallas Fort Worth, Texas have always been a prime choice when it comes to real estate investing for many reasons. Downtown Dallas offers plenty of opportunity for those who reside in the community and surrounding area. 

If you’re considering investing in a Dallas neighborhood and owning an address, you should make a plan, set a budget and determine your target demographics. Once that’s done, you can decide which neighborhood near Dallas-Fort Worth will be most suitable for you. All of these neighborhoods offer a convenient location in old east Dallas, close to the DFW International Airport. 

In this article, we here at SGI Property Management will go over the most promising cities near Fort Worth for real estate investors. 

Keep on reading to learn about each area and find the best Dallas neighborhoods for you!

Best Areas Near Dallas to Buy Real Estate

1. Plano

There are many properties in the town of Plano, so as a real estate investor, you can find affordable neighborhood. 

There’s also a high rental demand in Plano given the many job opportunities and the numerous quality schools. 

Some of the schools in Plano independent school district include Wyatt Elementary School, Skaggs Elementary School, Anderson Elementary School, Mathews Elementary School, Renner Middle, Otto Middle, Plano West Senior High School, Plano East Sr High School, Robinson Middle and Jasper Highschool.

This makes owning a property in Plato very attractive to families. So, if you want to invest in a single-family house in an upscale neighborhood, Plano may be the neighborhood ending your search. 

2. McKinney

McKinney is an affordable city near Dallas-Fort Worthfor real estate investors compared to other cities. A real estate agent often recommends a house in this area, as it has a median home price lower than other neighborhoods. In McKinney, there are more heritage homes in the downtown center and newer communities found further from the city center.

McKinney’s tranquil atmosphere, access to quality education or restaurants and charming features makes it a popular city for those looking to move to Texas.

Schools in the city of McKinney include Glen Oaks Elementary School, Imagine International Academy of Texas, J B Wilmeth Elementary School, Scott Morgan Johnson Middle, Leonard Evans Jr Middle, McKinney North High School, McKinney Boyd High School, Serenity High and Cornerstone Christian Academy.

3. Frisco 

Frisco is great for real estate investing in the Dallas area! Its outstanding quality of life and consistent market make it a prime location to buy a house!

Corporate headquarters, such as Oracle, Randstad and Amerisource, have also found their way to Frisco. This means that there are many employment opportunities for young professionals. 

Families are attracted to Frisco for its top-quality education, restaurants, parks, museums, art galleries, live music venues, and theaters. These are amenities that people typically look for to serve their recreational needs. Best of all, Frisco has affordable property options with a lower average home price for single family homes than other areas.

Education in Frisco include Nichols Elementary School, Ashley Elementary School, Fisher Elementary School, Newman Elementary School, Pioneer Heritage Middle, Stafford Middle, Wakeland High School, Centennial High School, Heritage High School and Liberty High School.

4. Richardson

Richardson can offer investors diverse demographics. Richardson is near the University of Texas and University Park. This means you may want to target students when marketing your vacant rental house.  

Richardson also attracts many tourists due to its cultural attractions and urban neighborhood. So, as a real estate investor, you may consider running short-term rental properties. 

Some of the attractions in these Park Cities include:

• North Texas Automotive Museum
• Funasia
• Heights Family Aquatic Center
• ChinaTown
• Eisemann Center for the Performing Arts

Richardson’s excellent transportation makes it easy for residents and visitors to enjoy attractions such as University Park. Richardson offers plenty of luxury apartments and restaurants for its residents. 

Schools in Richardson include Prairie Creek Elementary School, Stinson Elementary School, Miller Elementary School, Canyon Creek Elementary School, Aldridge Elementary School, Richardson Classical Academy, Peace Academy, St. Joseph Catholic School, Pearce High School and Richardson High School.

5. Garland

Garland is a perfect neighborhood to invest in with a lower than average median home value.

There are many job opportunities in the area. As a result, most of the renters are families and young professionals. 

Garland is also rich in attractions and beautiful scenery further drawing new residents and tourists to the area.

Some of these historic attractions are:

• Historic Downtown Dallas
• Santa Fe Depot
• Tinsley-Lyles House
• Central Park
• Plaza Theater
• Travis College Hill

Schools in Garland include Spring Creek Elementary School, Luna Elementary School, Ethridge Elementary School, Big Springs Elementary School, Northlake Elementary School, Shorehaven Elementary School, Classical Center at Brandenburg Middle, Sam Houston Middle, N Garland High School and Lakeview Centennial High School.

6. Mesquite

Mesquite is ideal for first time investors as you can find low-cost properties. 

Mesquite has famous attractions like:

• Mesquite Rodeo
• Devil’s Bowl Speedway
• Mesquite Golf Club
• Florence Ranch Homestead
• Opal Lawrence Historical Park
• Mesquite Arts Center

These are delightful amenities, such as parks, that residents, especially families, can enjoy when they live here. It is within walking distance to coffee shops, cool bars and local stores. Additionally, the low crime rate makes it an ideal place to settle.

Schools in Mesquite include Motley Elementary School, Kimball Elementary School, Larry G Smith Elementary School, Florence Elementary School, Moss Elementary School, Wilkinson Middle, Berry Middle, Kimbrough Middle, McDonald Middle, Horn High School, Mesquite High School, North Mesquite Highschool and West Mesquite High School.

6. Allen

Categorized as a football town, Allen offers wonderful amenities in terms of restaurants, bars, coffee shops, shopping outlets and educational institutions. The real estate in the town is also affordable making this neighborhood highly attractive. It offers quiet streets and parks for families. 

Schools in Allen are Mary Evans Elementary School, Beverly Cheatham Elementary School, Jenny Preston Elementary School, Frances E Norton Elementary School, W E Pete Ford Middle, Walter & Lois Curtis Middle, Lowery Freshman Center, Allen High School and Pat Dillard Special Achievement Center.

In a Nutshell: Best Real Estate Markets Near Dallas

Cities near Dallas-Fort Worth have been on the map of real estate investors thanks to their solid economy, increasing employment rate, engaging attractions, great schools, quality transportation system and scenic environment.

If you are looking to purchase real estate in Texas, you may want to consider Plano, McKinney, Frisco, Richardson, Garland, Mesquite and Allen.

Do you have further questions? If so, contact SGI Property Management Dallas today!

For tips on buying investment property in Dallas, read our post here!