# 8 North Dallas Suburbs Worth Considering as a First-Time Homebuyer

By Melissa Condensa (@melissacondensa) · Published 2026-11-04

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North Dallas offers more first-time buyer entry points than most metro markets, and right now the timing is unusual: after several years of rapid appreciation, home values across Collin County are moderating, giving buyers more negotiating room. That shift matters if you are just starting to look, because a market that cooled is a market where your dollar goes further.

Here is the short version before the details. These eight suburbs are listed roughly by price — starting with the most approachable entry points and moving toward pricier, more established communities:

1.  **Lewisville** — A Denton County suburb with a typical home value near $384,000, below most of the other picks.
    
2.  **The Colony** — Lake-adjacent Denton County city with homes around $395,000 and a practical Legacy commute.
    
3.  **Carrollton** — A Dallas County suburb near $396,000 with DART light rail into downtown.
    
4.  **Richardson** — Established inner-ring suburb anchored by the Telecom Corridor.
    
5.  **Allen** — Mature Collin County community with strong schools and homes in the mid-$400,000s.
    
6.  **McKinney** — Fast-growing suburb with a nationally recognized historic downtown and strong schools.
    
7.  **Plano** — Large, established city with major employers, strong schools, and a slightly cooling market.
    
8.  **Frisco** — The priciest of the group, with newer housing and top-tier amenities.
    

## How these picks were made

I weighed four factors for each area: current median prices from 2026 market data, school district reputation, commute time to major employment hubs like Plano's Legacy corridor, and the mix of housing stock. I favored areas where entry-level buyers can realistically find homes within budget, which is why affordable central options like Lewisville, The Colony, and Carrollton sit alongside better-known names like Plano and Frisco. Areas were excluded when their median prices put first-time entry out of reach for most buyers. All prices and figures reflect publicly reported 2026 data and can change with market conditions.

#### Key Takeaways

-   North Dallas home values are moderating in 2026, which gives first-time buyers more negotiating room than in recent years
-   Lewisville, The Colony, and Carrollton are the most approachable entry points in this list, with typical values around $384,000–$396,000
-   Established suburbs like Plano, Allen, and McKinney pair strong schools with median prices in the $475,000–$520,000 range
-   Frisco is the priciest of the group, with median sales around $625,000–$679,000, but offers newer housing and broad amenities
-   Work with a lender early to know your budget before you shop neighborhoods — pre-approval makes every area decision easier

## 1\. Lewisville

**What it is:** A Denton County suburb on the southwest shore of Lake Lewisville, straddling I-35E and US-121 for direct access to both Dallas and the northern job corridor. **Who it's best for:** Buyers who want a lower price point than Frisco or Plano while staying close to both the lake and the highway network. **Market notes:** The typical home value in Lewisville sits near **$384,345**, down 2.4% over the past year, and homes go to pending in about 31 days ([Zillow](https://www.zillow.com/home-values/39420/lewisville-tx)). That puts it below Carrollton and The Colony in this list, with a solid mix of older established neighborhoods and newer construction near the lake. The tradeoff is that some resale homes are older, so a buyer may factor renovation into the budget.

## 2\. The Colony

**What it is:** A Denton County city, about 25 miles north of downtown Dallas, that sits at the southern end of Lake Lewisville and has grown into a family-oriented suburb with its own employment base. **Who it's best for:** Buyers who want lake proximity and a shorter commute to Plano's Legacy corridor than the far-north frontier suburbs, without a high entry price. **Market notes:** The typical home value in The Colony sits near **$395,343**, down 2.5% over the past year, with a median sale price of about $437,667 as of August 2026 ([Zillow](https://www.zillow.com/home-values/27398/the-colony-tx)). The city is built out with established neighborhoods and close to the Dallas North Tollway, which makes the drive into the Legacy West employment hub practical for first-time buyers. Homes go to pending in around 38 days, so it moves at a steady but not frantic pace.

## 3\. Carrollton

**What it is:** A Dallas County suburb (parts in Denton and Collin counties) straddling the intersection of the George Bush Turnpike and I-35E, with the DART light rail running through it. **Who it's best for:** Buyers who want a shorter commute to Dallas proper, transit options, and a price well below Plano or Frisco. **Market notes:** The typical home value in Carrollton sits near **$396,178**, down 1.4% over the past year, and homes go to pending in about 31 days ([Zillow](https://www.zillow.com/home-values/17321/carrollton-tx)). Among the three new additions here it offers the most transit access, with the DART rail providing a commute alternative into downtown Dallas. The housing mix spans mid-century resale homes and newer developments, so entry-level buyers can find options across a range of neighborhoods.

## 4\. Richardson

**What it is:** An established inner-ring suburb anchored by the Telecom Corridor and home to the University of Texas at Dallas, with a mix of mid-century homes and strong resale value. **Who it's best for:** Buyers who want a shorter commute to Dallas, mature neighborhoods, and schools, in exchange for older housing stock. **Market notes:** The typical home value in Richardson sits near **$437,000** as of September 2026, up slightly from a year earlier, based on Zillow data (Pony Up Properties). Its central position along US-75 means a faster commute into Dallas than the northern suburbs, and the strong job base around the Telecom Corridor keeps resale demand steady.

## 5\. Allen

**What it is:** A mature Collin County suburb positioned between Plano and McKinney, known for its strong school district, family-oriented communities, and built-out infrastructure. **Who it's best for:** Buyers who want established neighborhoods, tight resale inventory, and a reliable school reputation. **Market notes:** Allen's median home price sits near **$475,000** as of early 2026, with well-maintained homes in established neighborhoods like Ridgeview and Beacon Hill offering value in the $350,000–$450,000 range ([DFW Realtor](https://dfwrealtor.ai/allen-home-values)). Because Allen is largely built out, limited new development keeps resale inventory tight, which can mean less to choose from but steadier value. Its central Collin County location puts it within easy reach of employers in Plano's Legacy corridor.

![A street in a Plano, Texas residential neighborhood](https://convex.voce.com/api/storage/3ed0bc6d-a0dc-47a2-99ff-7794a65ff11d)

## 6\. McKinney

**What it is:** A fast-growing suburb about an hour north of Dallas that blends small-town charm with an active, modern lifestyle, anchored by a well-known historic downtown. **Who it's best for:** Buyers who want a lively community feel, strong schools, and abundant outdoor space. **Market notes:** McKinney is known for its strong schools and offers numerous parks, trails, and community spaces, with housing spanning traditional brick homes, Craftsman-style houses, and new builds ([Zillow](https://www.zillow.com/learn/what-are-the-best-neighborhoods-in-dallas)). Historic Downtown McKinney, centered on the Downtown Square, hosts locally owned boutiques, restaurants, and weekly farmers markets. Homes range from townhomes and modern new builds to historic properties near downtown, giving first-time buyers a range of styles to consider.

## 7\. Plano

**What it is:** A large, established Dallas suburb and a major North Texas employment hub, with strong schools, extensive retail, and a slightly cooling market that has created more room for buyers. **Who it's best for:** Buyers who want big-city amenities, a deep job base, and the convenience of a well-developed suburb. **Market notes:** Plano's average home value sits near **$497,714**, down 3.3% over the past year, with homes going to pending in around 33 days ([Zillow](https://www.zillow.com/home-values/53915/plano-tx)). Median sales in March 2026 were $490,000, down from $550,000 a year earlier ([Dallas Express](https://dallasexpress.com/metroplex/plano-home-values-drop-5-1-in-past-year-ranking-among-largest-declines-nationwide)). That cooling means more negotiating power, but inventory can still move quickly in sought-after neighborhoods near Legacy West and the corporate campuses.

## 8\. Frisco

**What it is:** A fast-growing North Dallas suburb known for newer housing, extensive family amenities, and a booming commercial district — and the priciest market in this list. **Who it's best for:** Buyers who want the newest construction and a wide amenity package, and who can stretch their budget. **Market notes:** The median sold price in Frisco ran near **$679,000** across 1,255 closings tracked over the last six months, with the middle half closing between $515,000 and $899,900 ([Resideline](https://resideline.com/blog/frisco-housing-market-2026)). Entry-level options exist in the city's more moderate ZIP codes, where some homes have listed in the $450,000–$499,999 range ([Grey Square](https://www.greysq.com/blog/frisco-texas-75034-75035-price-split-guide-2026)) — but the city overall sits above the other suburbs here. Frisco pairs that price with newer housing stock and an extensive recreation and entertainment scene, from parks to the growing Fields development.

![A green park and community space in Frisco, Texas](https://convex.voce.com/api/storage/e4bdb891-e617-4f2a-8801-ac57e71a879e)

## North Dallas suburbs at a glance

Suburb

Typical entry price

Who it suits

Tradeoff to weigh

Lewisville

Typical value near $384,000

Buyers wanting a lower price than Frisco or Plano, close to the lake

Some resale homes are older, renovation may factor in

The Colony

Typical value near $395,000

Buyers who want lake access and a practical Legacy commute

Built-out inventory, less new construction

Carrollton

Typical value near $396,000

Buyers who want transit access and a shorter drive to Dallas

Housing mix varies widely by neighborhood

Richardson

Typical value near $437,000

Shorter commute to Dallas and steady resale

Older, mid-century housing stock

Allen

Median near $475,000

Established neighborhoods and strong schools

Tight inventory, less to choose from

McKinney

Wide range, townhomes to historic homes

Lively downtown, strong schools, outdoor space

Prices climb with proximity to the square

Plano

Average value near $497,714

Big-city amenities and a deep job base

Homes still move quickly in top neighborhoods

Frisco

Median sold near $679,000

Newest construction and extensive amenities

Highest price point in this list

## How to choose the right suburb

Start with your budget and your commute, not the neighborhood name. **If a lower entry price matters most**, Lewisville offers a more approachable price point than the rest of this list, with a typical home value near $384,000 — just be ready to weigh older resale homes against newer construction. **If you want a practical Legacy West commute at a moderate price**, The Colony pairs lake access with a position on the Dallas North Tollway. **If you want transit access and a shorter drive into Dallas**, Carrollton's DART rail is a differentiator. **If you want a shorter commute to Dallas with steady resale**, Richardson sits along US-75 with the Telecom Corridor job base. **If schools and a strong community feel drive your decision**, Allen and McKinney pair well-regarded districts with family-oriented neighborhoods. **If you value big-city amenities and don't mind a slightly softer market**, Plano gives you a mature city with a deep employment base. And **if you want the newest housing stock and a broad amenity package**, Frisco delivers — at the top of the price range.

Whichever area fits, get pre-approved before you start touring. Knowing your budget turns a broad list of suburbs into a short list you can act on. As a mortgage professional in Plano, I work with first-time buyers across this whole corridor, and the one step that saves considerable time is locking down affordability first.

## Getting started

A few practical steps for first-time buyers:

1.  **Get pre-approved** so you know your price range and monthly payment before you shop neighborhoods.
    
2.  **Ask about first-time buyer programs** — down payment assistance options may help reduce your upfront costs.
    
3.  **Budget for the full payment**, not just the mortgage, including property taxes, insurance, and closing costs.
    
4.  **Compare the commute** from each candidate suburb to your workplace during actual rush hour, not off-peak.
    

Working with a local lender who understands each suburb's market can help you weigh the tradeoffs with real numbers. If you would like a clearer picture of what your budget could support — the price range to target, the down payment to plan for, and the monthly payment you can expect — I'm happy to walk through it with you. **Start the conversation with Melissa Condensa about your home-buying budget**, and bring the neighborhoods on this list that fit your commute. A personalized look at your numbers can turn this list into a short list you can act on.

_Melissa Condensa, Branch Manager | Mortgage Loan Officer | NMLS# 1149324, Guild Mortgage._

_This information is for educational purposes only and does not reflect the opinions of Guild Mortgage._

![A historic brick building and downtown square in McKinney, Texas](https://convex.voce.com/api/storage/053f0a2c-c8cf-42f5-9dce-8bd95eb91731)

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