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Anyone surprised? Top 3 real estate cities in U.S. are in North Texas, new study says

WalletHub's newest real estate rankings are a big fan of North Texas.

DALLAS — It's no secret the real estate market has been strong in North Texas, even if that means a frustrating buying process, from booming prices to bidding wars.

But how strong, exactly, is the market? 

WalletHub, which produces studies and surveys for an array of economic issues, released its latest "Best Real Estate Markets" rankings this week. And five of the top 11 were here in North Texas, including the top three in Frisco, Allen and McKinney.

Denton checked in at No. 8, Richardson was No. 10 and Fort Worth ranked 11th.

Then, there was Carrollton at No. 17, Plano at No. 19, Grand Prairie at 23rd, Irving at 27th and Dallas at 33rd.

You get the picture. 

WalletHub's study – which measured 300 cities with 17 different indicators, from median home prices to job growth to "economic attractiveness" – is a fan of North Texas.

The study was aimed at giving a snapshot for people looking for long-term growth and equity "beyond tangible factors like square footage and style."

You can see the full list here, and here's a nationwide look:

The other nugget of good news for prospective buyers here: Among the top real estate markets, North Texas cities fared pretty well on the affordability scale.

Frisco, for example, was No. 1 on "affordability and economic environment," while Austin, which checked in at No. 4 overall, was 46th in the affordability category.

Nashville, which was 5th overall, was 77th on affordability.

The North Texas real estate market cooled slightly over the summer, at least in comparison to the sky-high values and demand we saw in 2021 and early this year.

Realtor Joe Atkins told WFAA that some home prices have actually decreased, which was unheard for the last 18 months. But prices are still historically high, so it remains a seller's market.

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