realestate

North Texas Dominates Top 10 US Real Estate Markets, Study Reveals

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D
allas, Texas is home to a thriving real estate market, with five of the top 10 markets in the country located within North Texas. According to a recent study by Wallethub, one city stands out as having the best real estate market in the nation.

    To determine the top markets, Wallethub analyzed 300 cities across 17 key metrics, including home value forecasts and foreclosure rates. The study found that the healthiest housing markets offer a balance of affordability, growth potential, and quality job opportunities.

    McKinney, Texas was named the best real estate market in the country due to its recent growth and abundance of new homes. With nearly 38% of its houses built between 2010 and 2023, McKinney offers buyers a range of options with minimal maintenance needs. The city also boasts one of the highest numbers of building permits per capita.

    The study notes that while McKinney's median home price is relatively high at around 365% of the area's median income, it remains among the most affordable cities in the country. This ranking aligns with a previous study by RentCafe, which named McKinney one of the best cities for renters in the US.

    The top 10 real estate markets in the US, according to Wallethub, are:

    1. McKinney, Texas

    2. Cary, North Carolina

    3. Irvine, California

    4. Durham, North Carolina

    5. Richardson, Texas

    6. Frisco, Texas

    7. Gilbert, Arizona

    8. Nashville, Tennessee

    9. Denton, Texas

    10. Allen, Texas

North Texas leads top 10 US real estate markets, according to study results.