7 Best Dallas Suburbs for Millennials to Buy
It's no secret that the DFW Real Estate Market has been and continues to be one of the best real estate markets in the US. Which explains why over the past few years so many Fortune 500 companies have chosen to relocate or open additional offices here in the Metroplex. DFW may not be the first place Millennials think of when choosing a "groovy" urban city to live in, but it offers neighborhoods that are great whether you're looking for that urban feel or a more settled suburban environment.
We've done lots of our own research and polled our past Millennial clients to fill you in on what we believe are the best SUBURBAN neighborhoods in DFW to millennials to buy a home in.
Garland is extremely popular among first-time homebuyers - probably largely due to its close proximity to Dallas. So you get the affordability of living in a suburb while still close enough to enjoy all the social aspects a big city like Dallas offers. Garland is also a great area for those homebuyers looking for a more "outdoorsy" lifestyle. The Spring Creek Forest Preserve offers year-round hiking opportunities, and just nine miles to the east is Lake Ray Hubbard where you can enjoy activities like fishing, boating, and water skiing.
If you want to avoid driving into Dallas, taking a DART train will get you there in about 25 minutes. But it's also convenient to get to other suburbs like Plano, Richardson and Addison.
Garland offers a variety of home styles from Traditional to Ranch to Mid-Century Modern. There are lots of opportunities to take these historic homes and make them your own.
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If you really still want to enjoy the Dallas scene, your best bet is probably to buy in Richardson which is just a 20-minute drive into Dallas on 75.
Foodies will LOVE living in Richardson. Its home to a robust Asian food district offering Korean Barbecue, pho restaurants, dim sum and Indian and Mediterranean options as well.
Richardson is also home to the University of Texas - Dallas, so for those who are continuing their education, it's also a fantastic place to buy.
Homes under $300k in Richardson are typically traditional or ranch style homes that were built anywhere from the mid 1950's to the 1970's, so there are lots of charming historic homes to put your own spin on!
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Once thought of as the DFW suburb with only high-priced homes and families, Plano has recently started to emerge as a hot spot for young professionals to purchase a home.
There are lots of excellent spots in Plano for food and shopping, probably most notably the Shops at Legacy and Legacy West where you'll find one of our favorite places, Legacy Hall.
Plano is also a great location for many of the companies who have recently opened offices here in DFW like Toyota and Frito Lay.
If you're looking for a home under $300k in Plano, you can find anything from a traditional home built in the 90's to a ranch-style home built in the 60's.
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Just next-door to Plano is Frisco which has completely exploded with development over the last decade. Frisco is home to tons of major shopping and entertainment districts and is now home to the Cowboys' indoor practice facility, the Star in Frisco.
For millennials who are looking to start a family in the coming years, Frisco is frequently recognized as one of the top places in Texas to raise a family. So, forward-thinking, young adults!
Under $300k in Frisco, you'll find lots of traditional homes, most built in the late 90's-early 00's.
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We've seen a huge housing boom happening in Irving over the last couple of years - new construction homes can be found EVERYWHERE! So now is a great time to get into this Dallas suburb.
Even though we first mentioned the burst of new construction, Irving is also a well-established DFW suburb so you can find many older neighborhoods with mature trees as well.
It's a great location for young professionals because the north end of town, known as Las Colinas, is a major business district and is also home to a major new entertainment venue, the Toyota Music Factory.
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While Denton may still be considered a "college town" to many since it's home to the University of North Texas, it's actually a fantastic place for first-time Millennial homebuyers probably for that very reason.
Denton has a fantastic nightlife, food and music scene - especially along Denton Square, the heart of Denton.
For commuters, there's convenient access to I-35 from Denton and at the end of the day, you get to escape to this northern suburb while still getting to enjoy a fantastic lifestyle.
You can get a lot of home for your money in Denton - so for $300k and under you could get anything from a new construction home to a fixer-upper near the Square.
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This one may surprise you because Flower Mound is so well-known as an established family community, but in the past couple of years it's come a long way in offering urban opportunities in a suburban setting. Take its new development Lakeside DFW for example. Home to restaurants, shopping and live music on the weekends, it's a great place to grab a few drinks with friends after work. But Flower Mound is also located right next to both Lewisville and Grapevine which both have historic main streets with additional restaurants, shopping, etc. to enjoy.
But for those who are looking for a more "family-friendly" environment, you really can't beat what Flower Mound has to offer between its excellent schools, community features and all-around family feel.
If you like the outdoors, you can take advantage of all the activities on Lake Grapevine like trails, boating, fishing, etc.
And believe it or not, you CAN get into Flower Mound for under $300k!
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