The best places in America to buy a home have something major in common: most are in Dallas-Fort Worth, according to a new study.
WalletHub names plenty of names on its list of best places to buy a home in 2019, but five — Frisco, Denton, McKinney, Carrollton, and Allen — stand above almost 300 other U.S. cities. The personal finance site reviewed the average number of days a home stays on the market, share of newer homes (built between 2010 and 2017), building-permit activity, affordability, population growth, and others metrics for each city.
Frisco is the nation's No. 2 place to buy a home, behind only Boise, Idaho. The bustling suburb earns high marks for its share of newer homes (20.7 percent), building-permit activity (31 unit permits pulled per 1,000 residents), and job (29.8 percent) and population (32.9 percent) growth.
Not far behind are Denton at No. 5, McKinney at No. 6, Carrollton at No. 7, and Allen at No. 9. Their booming populations, share of newer homes, and building-permit activity make each attractive real estate markets. Carrollton and Denton offer a bonus: home values in both cities are projected to increase 3.1 percent and 5 percent, respectively, in the next year, according to the study.
Fort Worth barely misses the top 10, coming in at No. 13 overall and an even more impressive No. 2 among large cities. Fort Worth shines with its high share of newer homes, building-permit activity, and population growth. Meanwhile, Dallas takes the No. 24 spot on the large cities list, much better than its 112th overall ranking.
The rest of the top 10 cities are No. 3 Overland Park, Kansas; No. 4 Cary, North Carolina; No. 8 Durham, North Carolina; and No. 10 Fort Wayne, Indiana.