Moving to another state is challenging no matter where you come from. While a new job or potential opportunities may motivate you to buy a home in the Lone Star state, narrowing down the best place to live in may be intimidating due to the size of this state. However, you can find the right neighborhood for your lifestyle and needs if you work hard.
While you may think focusing on major metro areas such as Austin, Dallas, San Antonio, and Houston is the best approach, it isn’t as simple as it seems. Each metro area has many neighborhoods that may or may not meet your needs and budget.
You may also find the right neighborhood outside these areas. However, the first step to finding the perfect neighborhood is learning as much as you can about the best areas in Texas to make an informed decision.
Don’t know what places to consider? Here are the top five neighborhoods you should consider when home buying in Texas.
Plano is one of the most popular suburbs in the Dallas-Fort Worth metroplex. It’s a popular and diverse community with many amenities.
According to Zillow data, the median listing price for Plano homes is $389,000 while the median rent price is $1,950. This market is leaning toward the buyer’s side which makes it a great place to find the best deal on a home. The Plano housing market experienced a 3.4% rise in value during the past year and is expected to rise in value another 3.0% within the next year.
Plano is home to a wide variety of restaurants, coffee shops, parks, malls, and corporate headquarters. This diverse neighborhood is perfect for young professionals and families alike.
Allandale is one of the most central neighborhoods located only minutes away from Downtown Austin. It’s a convenient location with a family-friendly vibe.
The median listing price for homes in this neighborhood is $585,000 while the median rent price is around $2,531 which is higher than the state median of $1,550. Allandale homes have appreciated at a 6.8% rate during the past year and experts forecast a 2.1% appreciation rate during the next year. The stable home value appreciation rates make Allandale ideal for home buyers looking to settle down in the Austin area.
This neighborhood is home to various local independent shops and dining options. Many of Old Austin’s historic parks surround the area providing a variety of outdoor activities for its residents. Allandale’s big lots and gorgeous homes remind us of Austin’s distinctive charm.
3. The Woodlands
The Woodlands is one of the most popular suburbs in the Houston area. It has a great reputation as one of the best cities to raise a family and having a low crime rate.
The median listing price for homes in The Woodlands is $450,000 while the median rent price is $1,950. This housing market experienced a 5.5% appreciation rate during the last year and is expected to rise in value by 1.4% within the next year. Buying a home in The Woodlands can help you secure a great deal since the market is leaning toward the buyer’s side.
Amenities such as impressive wooded areas, upscale restaurants, shops, golf courses, and entertainment venues separate this neighborhood from other more suburban neighborhoods. Its community-centered vibe, low crime rate, and highly rated schools make it a great option for families considering settling down in the Houston area.
4. Trophy Club
Trophy Club is a popular suburb located in the Fort Worth area. Its small-town charm, family friendliness, and safety appeal to many home buyers. This neighborhood is conveniently located right between Dallas and Fort Worth.
The median listing price for Trophy Club homes is $539,900 while the median rent price is $2,150 which is over the state median. Last year, this housing market experienced a rise in home value of 6.8% while experts forecast a 3.3% appreciation rate within this year. Currently, the Trophy Club market is a cool market providing great opportunities for home buyers.
This neighborhood features a community atmosphere and great schools. While Trophy Club doesn’t offer a wide variety of shopping and dining options, its residents can satisfy their palates and shopping needs only minutes away at Southlake, Roanoke, and Westlake. Homes in this neighborhood aren’t as affordable as others on our list but its safety and small-town vibe make it a great option for home buyers looking to put down roots in the Fort Worth area.
5. Terrell Hills
While Terrell Hills may not be one of the cheaper options, we had to feature it for its reputation as one of the best neighborhoods to live in the Lone Star State. This upscale charming neighborhood is only five minutes away from Downtown San Antonio.
The median listing price for homes in Terrell Hills is $675,000 while the median rent price is $2,295. The Terrell Hills housing market experienced a 2.4% home value appreciation rate within the past year while it’s expected to rise 1.1% in value within the next year. While the low home value appreciation rates in this market might make you think twice about buying a home, you should consider it if you’re planning on living in the San Antonio area.
The neighborhood features a wide array of bars, restaurants, coffee shops, and parks. Terrell Hills is only minutes away from historic and cultural landmarks such as the Alamo, the Witte Museum, and the River Walk. While living in this neighborhood may come at a hefty price tag, you should consider Terrell Hills for its great amenities, and central location in the San Antonio area.
While finding the right neighborhood in the Lone Star State may not be as easy as you thought, you can find the best place that fits your lifestyle and budget. We recommend you consider consulting with a real estate agent.
A realtor such as one of our Clever Partner Agents can provide insight into the best areas that fit your home buying needs and even help you save through our Home Buyer Rebate program. When you work with a Partner Agent, you can buy the perfect home in the best neighborhood in the Lone Star State while getting the best deal.