It goes without saying that the coronavirus pandemic sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic became a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. Since then, increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the fastest-growing home prices in the Dallas-Fort Worth-Arlington, TX metro area using data from . Cities are ranked by 1-year price change as of May 2023. The typical home value in the United States increased over the last year by 0.9% to $346,856. Data was available for 179 cities and towns in Dallas.
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#30. Wills Point, TX
- 1-year price change: +$6,096 (+2.7%)
- 5-year price change: +$97,551 (+74.6%)
- Typical home value: $228,330 (#166 most expensive city in metro)
#29. Lakeside, TX
- 1-year price change: +$6,740 (+1.8%)
- 5-year price change: +$119,356 (+46.9%)
- Typical home value: $373,815 (#84 most expensive city in metro)
#28. Midlothian, TX
- 1-year price change: +$6,812 (+1.5%)
- 5-year price change: +$160,142 (+53.9%)
- Typical home value: $457,047 (#44 most expensive city in metro)
#27. Hutchins, TX
- 1-year price change: +$6,820 (+2.9%)
- 5-year price change: +$118,333 (+92.9%)
- Typical home value: $245,656 (#156 most expensive city in metro)
#25. Cockrell Hill, TX
- 1-year price change: +$7,584 (+3.5%)
- 5-year price change: +$75,661 (+51.3%)
- Typical home value: $223,105 (#169 most expensive city in metro)
#24. Italy, TX
- 1-year price change: +$8,154 (+3.6%)
- 5-year price change: +$87,289 (+59.2%)
- Typical home value: $234,813 (#162 most expensive city in metro)
#23. Ferris, TX
- 1-year price change: +$8,224 (+3.2%)
- 5-year price change: +$101,927 (+63.8%)
- Typical home value: $261,732 (#151 most expensive city in metro)
#22. Keene, TX
- 1-year price change: +$8,329 (+3.3%)
- 5-year price change: +$95,681 (+59.3%)
- Typical home value: $257,013 (#154 most expensive city in metro)
#20. Grapevine, TX
- 1-year price change: +$8,783 (+1.7%)
- 5-year price change: +$136,279 (+34.5%)
- Typical home value: $531,217 (#29 most expensive city in metro)
#19. Springtown, TX
- 1-year price change: +$8,952 (+2.4%)
- 5-year price change: +$149,475 (+63.2%)
- Typical home value: $386,118 (#77 most expensive city in metro)
#18. Coppell, TX
- 1-year price change: +$9,259 (+1.5%)
- 5-year price change: +$131,985 (+27.2%)
- Typical home value: $618,080 (#21 most expensive city in metro)
#17. Bridgeport, TX
- 1-year price change: +$9,375 (+4.4%)
- 5-year price change: +$92,261 (+70.5%)
- Typical home value: $223,041 (#170 most expensive city in metro)
#16. Grandview, TX
- 1-year price change: +$10,735 (+3.1%)
- 5-year price change: +$175,876 (+94.7%)
- Typical home value: $361,533 (#97 most expensive city in metro)
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#15. Briaroaks, TX
- 1-year price change: +$12,396 (+3.0%)
- 5-year price change: +$112,774 (+36.7%)
- Typical home value: $420,265 (#62 most expensive city in metro)
#14. Sunnyvale, TX
- 1-year price change: +$12,798 (+2.0%)
- 5-year price change: +$193,355 (+42.6%)
- Typical home value: $647,316 (#19 most expensive city in metro)
#13. Ovilla, TX
- 1-year price change: +$13,073 (+2.8%)
- 5-year price change: +$161,877 (+51.6%)
- Typical home value: $475,887 (#40 most expensive city in metro)
#12. Annetta, TX
- 1-year price change: +$13,161 (+2.6%)
- 5-year price change: +$163,322 (+45.8%)
- Typical home value: $519,642 (#33 most expensive city in metro)
#10. Rio Vista, TX
- 1-year price change: +$17,447 (+6.4%)
- 5-year price change: +$124,950 (+74.8%)
- Typical home value: $291,926 (#137 most expensive city in metro)
#9. Godley, TX
- 1-year price change: +$18,440 (+4.4%)
- 5-year price change: +$188,948 (+75.0%)
- Typical home value: $440,760 (#52 most expensive city in metro)
#8. Poolville, TX
- 1-year price change: +$19,500 (+4.8%)
- 5-year price change: +$173,569 (+68.5%)
- Typical home value: $426,891 (#58 most expensive city in metro)
#7. Oak Leaf, TX
- 1-year price change: +$21,038 (+5.2%)
- 5-year price change: +$149,272 (+53.7%)
- Typical home value: $426,991 (#57 most expensive city in metro)
#6. Maypearl, TX
- 1-year price change: +$28,879 (+9.1%)
- 5-year price change: +$130,214 (+59.8%)
- Typical home value: $347,794 (#104 most expensive city in metro)
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#5. Perrin, TX
- 1-year price change: +$44,269 (+22.7%)
- 5-year price change: +$130,214 (data not available)
- Typical home value: $239,031 (#159 most expensive city in metro)
#4. University Park, TX
- 1-year price change: +$44,307 (+2.3%)
- 5-year price change: +$663,117 (+50.1%)
- Typical home value: $1,986,083 (#3 most expensive city in metro)
#3. Westover Hills, TX
- 1-year price change: +$45,324 (+2.2%)
- 5-year price change: +$455,833 (+27.4%)
- Typical home value: $2,118,680 (#2 most expensive city in metro)
#2. Highland Park, TX
- 1-year price change: +$78,357 (+3.4%)
- 5-year price change: +$880,958 (+58.6%)
- Typical home value: $2,384,944 (#1 most expensive city in metro)
