Frisco Neighborhoods: How Far Will $500,000 Get You?

Are you thinking about moving to Frisco? You must be wondering how much it will cost to buy a home there? Perhaps, you want to buy a Frisco home for $500,000. Look no further. In this blog, we’ll cover the best Frisco neighborhoods with Frisco home prices in the $500,000 range. You’ll get to know each Frisco neighborhood’s various educational and recreational facilities.

Best Frisco neighborhoods

Frisco is a well-established community located in Collin and Denton Counties. It is only 25 minutes from DFW and Dallas Lovefield airport. Frisco is also a part of the Metroplex Dallas Fort Worth area.

According to Niche, it ranks #8 as the best suburb to raise a family in Texas. The key statistics put it at #9 as the city with the best public schools in Texas state.

Part of Frisco’s popularity is its also higher median income and fantastic job growth compared to its relatively low cost of living.

The cost of living here is 20% higher than the national average, with Frisco real estate ranking among the most expensive cities.

But the median household income is also $128,761, more than $64,994, the average median income in the US.

With Texas being a zero-income tax state, it’s not surprising why Frisco stands as a highly desirable area compared to the metropolitan cities.

It offers a dense suburban feel, with 70% of residents in Frisco owning their homes. The median home value in Frisco is around $420,700.

While living in a Frisco neighborhood, you’ll be able to enjoy a variety of beautiful experiences.

This city offers plenty, from shopping to cuisines, sports, outdoor activities, parks, trails, arts, and history.

Hillcrest Estates:

Hillcrest Estates is an established neighborhood located on both sides of Hillcrest road. The Lebanon Road is towards its north, and Sam Rayburn Tollway is situated towards its South.

The home construction in Hillcrest began between 1993-2000. A typical home here built in the late 90s with three beds and two baths covers an 1800-2000 square feet of area and can be around $485,000.

The main attractions of Hillcrest include nearby parks, walking trails, and a greenbelt. Frisco ISD schools Smith Elementary, Clark Middle, and Lebanon Trail High serve this neighborhood.

Plantation Resort

Built between 1988 and 2003, Plantation Resort is a well-established neighborhood in Collin County. It offers many amenities such as ponds, parks, pools, trails, and tennis.

Home construction in Plantation Resort is also around the late 90s. But houses tend to be smaller here by 100 or 200 square feet than in Hillcrest Estates. An average home in Plantation Resort is around 1750 square feet.

A typical house having three beds and two baths with 1757 square feet of area will stand at $490,000.

Probably the best part about Plantation Resort is its golf course located right in the middle of the neighborhood.

All the house surrounds this golf course, which is at least half a mile of new development. Homes nearer to the golf course are much more expensive than those farther away.

Nearby attractions include Stonebriar Mall, Superdome, Frisco Athletic Center, and Collin College.

Preston Vineyards

Preston Vineyards is to the southeast of Frisco, TX, east of Hillcrest Road, and north of College Parkway. It offers amenities such as a community pool and a playground.

The Shawnee Trail Elementary, Wester Middle School, and Centennial High School in Frisco ISD serve Preston Vineyards.

The houses here are built in the early 90s with three beds and two bathrooms covering 1800-2000 square feet of area.

A typical house of 2200 square feet with three beds and two baths in Preston Vineyards will be around $500,000.

Frisco Springs

Frisco Springs Lakeside is one of the great neighborhoods in Frisco, with a complete collection of newer homes built only a few years ago. The new construction is still ongoing.

It provides a laidback suburban ambiance with access to a community pool, greenbelt, hiking, and biking trails.

Frisco Springs is also near the Dallas Fort Worth area. So, you can find plenty of retail, restaurants, and much more.

The Frisco homes here are part of a townhome community. Most of the houses are new single-family homes. If you are particularly looking for a new place, this neighborhood is the one for you.

Unlike most single-family homes in other places, the houses in Frisco Springs lean towards being larger.

A typical house in Frisco Springs of 2035 square feet with three beds and two baths stands at $500,000. In addition, the places connect by sharing the wall space. These homes have no yards, and garages are at the back.

The schools here offer exemplary education with tons of extracurricular activities.

The Trails

The Trails are consistently known as one of the elite neighborhoods in Frisco. In fact, it consists of multiple neighborhoods in one area with different housing prices even above $1 million. But you can easily find a $500,00 home here.

One of the best parts about The Trails is its public golf course, whose access is available at just $70. Home construction along the golf course offers a country club feel. But you don’t have to be a part of a country club to access the golf amenities.

Besides the golf course, you’ll find ample utilities in the form of pools, parks, hiking, and biking trails.

Sunset Springs at The Trails is another area with a range of new home construction. Housing here is built in the early 2000s.

A typical home with three beds and two baths covers a 2000 square feet or less area. It will stand at around $435,000. But remember that the houses here can sell way above the listing prices.

The Trails hosts Fisher Elementary, Corbell Elementary, Cobb Middle, and Wakeland High Schools.

Phillips Creek Ranch

Philips Creek Ranch is a master-planned community located at the west side of Stonebrook and Teel Parkways intersection.

Most residences here are from around the 2000s; some developed between 1979 and 1999.

You’ll find a variety of larger four to five beds to medium-sized two to three beds single-family homes and apartments.

The median home price in this neighborhood ranges from $325,000 for a 2,181 square feet to $1.7 million for a 6,817 square feet house.

Premium advantages of Philips Creek Ranch include substantial green space with lakes, parks, creeks, and trails.

There’s also a children’s beach entry pool, movie theatre, and a community lawn for open-air events. Moreover, you’ll find Frisco Lakes Golf Club on the west side of Phillips Creek Ranch.

The Sparks Elementary, Nichols Elementary, Pearson Middle, Reedy High Schools, Pioneer Middle, and Bledsoe Elementary in Frisco, ID, serves this neighborhood.

Newman Village

Newman Village is also a master-planned community spread over 400 acres. It is a gated community located in West Frisco near Eldorado Parkway and north of Panther Creek Parkway.

Newman Village is an artistic enclave offering picturesque amenities. Due to its close proximity to Dallas, North Tollway provides excellent accessibility to many dine-in and upscale shopping options.

Primary amenities include pocket parks, a theater, art sculptures, Discovery Center, playgrounds, jogging trails, swim and racquet clubs, and a pool house.

Most of the home construction in Newman Village began in 2007-2008, with the architecture reflecting Mediterranean, Spanish, Modern, Plantation, and Tuscan designs.

The housing here surrounds an Italian-inspired plaza with fountains, a community pool, and manicured gardens.

Houses are bigger in Newman Village, with a typical house of 0.15 to 0.4 acres selling at $500,000 to $1.4 million.

Frisco ISD schools J.R. Newman Elementary, Stafford Middle, and Lone Star High serve this neighborhood.

Starwood Neighborhood

Starwood Neighborhood is another master-planned community offering a variety of luxury homes.

It offers 550 acres of lush woodlands, creeks, and stunning landscapes. The community has a gate with 24/7 security.

Starwood has close proximity to Frisco’s Stonebriar Centre, IKEA, and historic Frisco Square. It brims with social activity, especially on festive holidays, campouts, and a Fourth of July Parade.

Various amenities include walking trails, fitness & community centers, tennis courts, swimming pools, and a playground.

Premier homes here vary between 3,000 to 10,000 square feet of area. A typical home constructed in 2015 is 0.15 to 0.2 acres and priced between $500,000 to $2 million.

Starwood Neighborhood shares the zone with Frisco ISD, making it a premium living choice.

FAQs: Frisco Neighborhoods

What are the best neighborhoods to live in Frisco?

Chapel Creek Estates is a luxury community in Frisco that puts the residents within reach of a plethora of facilities.

The housing is more extensive, ranging between 4000 to 6000 square feet, and the pricing starts from $800,000 and can go above $1 million.

Shaddock Creek Estates is another premium neighborhood near the Stonebriar Country Club in Frisco. People highly regard this neighborhood because it is close to a million facilities plus Frisco ISD schools.

The housing size here averages between 4,000 to 6,000 square feet, with pricing starting from $400,000, which can go above $1 million.

Is Frisco a safe place to live?

According to the SmartAsset study, Frisco tops the list of the safest cities in the Us. In fact, it has the fifth-lowest violent crime rate, with only 86 crimes reported per 100,000 residents.

Frisco has the sixth-lowest property crime rate, with 972 crimes reported per 100,000 residents.

Does Frisco offer affordable living?

On average, the housing costs are only 19.16% of the median household income in Frisco. Plus, there is no income tax to pay as Texas is a zero-income tax state.

So, we say yes, living in Frisco is pretty affordable, even if the cost of living here is 20% higher than the national average. But compared to other metropolitan cities, Frisco has a low cost of living.

Why do people prefer to relocate to Frisco?

Frisco may give a small-town vibe, but it has ample to offer in terms of big city convenience and facilities. Dallas is only 30 miles away, while DFW Airport is only at a 25 miles distance from this city.

Frisco is also home to the primary corporate headquarters in the middle of the city. So, there’s no reason to commute to another place for your job.

Furthermore, if you move to Frisco, you’ll get plenty of opportunities to enroll your kids in a highly-rated Frisco ISD public school.

Do you want to buy a house within $500,000 in Frisco neighborhoods? Contact us

Frisco is a trendy city in the Dallas Fort Worth area due to its classic architecture, green spaces, trails, lakes, parks, theatres, arts, and recreational facilities. It is also known as the best neighborhood to raise a family.

Frisco is renowned as a city with a higher median household income compared to its relatively low cost of living.

People flock to this city due to its higher employment rate and Frisco ISD public schools. So, the housing here is always in demand.

If you are moving to Frisco and wish to buy a home within $500,000, this city offers plenty. You’ll find lots of Frisco neighborhoods offering homes within this budget.

So, reach out to us, and we’ll find the most suitable neighborhood house for $500,000. We are a team of licensed realtors based in Dallas, Texas, covering all the surrounding areas.

Our team assists people worldwide in finding the perfect home and neighborhood in Dallas neighborhoods that fit their lifestyle.

If you want more information about Frisco, Plano, Allen, and other DFW areas, check our YouTube channel. You’ll find plenty of detailed explanations about the cost of living, new construction, schools, and the pros and cons of living in a specific area.

Call us directly at 214-310-0757 for a free estimate. Our experts are available 24/7 a day. You can also email us at [email protected].

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