Dallas, Texas is more than big hats, award-winning brisket, and the Cowboys’ infamous “next year” promises—it’s also the fastest-growing U.S. metroplex, making it a hotspot for real estate investors who know a good thing when they see it. From young professionals chasing career dreams to families wanting room to grow, people are flocking to suburbs away from the city.
Dallas suburbs offer more affordable homes, thriving economies, and amenities that renters love. Spacious homes and lower costs make the Dallas suburbs a prime location for seasoned landlords and first-time real estate investors alike. If you’re looking for an opportunity in real estate, it’s right here in the heart of Texas.
Why Should a Landlord Invest in Dallas Suburbs?
The Dallas suburbs are a dream for a real estate investor. With a median home price of $396,300 and an appreciation rate 35% higher than the national average, many residents are priced out of buying homes. This leads them to rent instead, driving demand for rental properties.
While still below the U.S. median, the average rent in Dallas has risen to $2,025, making the real estate market competitive for renters and profitable for landlords. Properties in Dallas suburbs are typically less expensive for an investor compared to those in the city, allowing for a lower upfront investment and better ROI.
Highly rated schools, safe neighborhoods, and proximity to major employers make the Dallas suburbs particularly attractive. Add in renter-friendly amenities and it’s clear why tenants gravitate toward these areas. With rising rental rates and affordable property options, the Dallas suburbs offer real estate investors consistent returns and strong portfolio growth potential.
5 Best Dallas Suburbs for Rental Property Investors
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Frisco
Frisco is one of the fastest-growing suburbs in North Dallas, sitting about 30 miles north of the city center. Adding to its appeal are upcoming plans for a 97-acre Universal Kids Resort, which Universal Studios will open in 2026. This huge addition will attract even more people to the area, not just for the fun, but for the jobs.
Frisco is also home to The Star District, a 91-acre campus featuring the Dallas Cowboys headquarters, luxury dining, boutique shopping, and the Ford Center, a state-of-the-art indoor stadium. Major employers like Oracle, T-Mobile, and AmerisourceBergen drive job growth, making it appealing to professionals. Frisco also has a top-rated school district and master-planned neighborhoods like Stonebriar, making it a favorite among families.
It’s one of the pricier areas in Dallas, with an average home price sitting at $672,503. Here’s a quick look at the average rental prices in Frisco:
All property types: $2,900
Single-family homes: $3,000
Townhomes: $2,900
Apartments/condos: $1,957
With its population growth, economic opportunities, and rental demand, Frisco offers landlords a prime market for long-term returns.
Plano
Another suburb just 20 miles from Dallas, Plano is home to the headquarters of major companies like PepsiCo, Boeing, FedEx, and Capital One, among many others. These employers bring in a steady stream of professionals who tend to enjoy renting close to work, making it one of the most desirable suburbs for a rental property investor.
Plano’s median home price is $512,377, making investments in the area worth it. Here are the average rental prices in Plano:
All property types: $2,600
Single-family homes: $2,800
Townhomes: $2,700
Apartments/condos: $1,840
Legacy West, Plano’s premier mixed-use development, is a key attraction, offering upscale apartments, fine dining, and luxury retail. The Historic Downtown area regularly hosts community events, making residents feel at home.
Plano also caters to families, with highly rated schools and outdoor spaces like the Arbor Hills Nature Preserve. The mix of career opportunities and family-friendly amenities makes it a versatile market for a rental property investor.
McKinney
A historic town with lots of charm, McKinney is experiencing rapid growth, making it one of the most attractive Dallas suburbs for an investor. Just 35 miles from Dallas, the average price of a house here is around $506,158, a number that keeps growing by the year.
Here’s what you can expect for average rental prices in McKinney:
All property types: $2,474
Single-family homes: $2,550
Townhomes: $2,495
Apartments/condos: $1,653
The Historic Downtown area is a favorite among renters, with its cobblestone streets, boutique shops, and frequent community events. The area also appeals to families with top-rated schools and attractions like the Heard Natural Science Museum & Wildlife Sanctuary, while employers like Raytheon keep the job market strong.
As the population pushes further north from Dallas’s city center, McKinney’s rental demand continues to grow, making it a standout choice for those wanting returns they can count on.
Allen
Only 25 miles north of Dallas, Allen is one of the more affordable suburbs, with an average home price sitting around $493k. Although that’s higher than the national median ($404,500), it’s low compared to other Dallas suburbs like Frisco.
Here’s a breakdown of the average rental prices in Allen:
All property types: $2,600
Single-family homes: $2,695
Townhomes: $2,800
Apartments/condos: $1,933
Allen Premium Outlets is one of the suburb’s most popular attractions, drawing in visitors and creating jobs that boost the local economy. It’s also home to the Credit Union of Texas Event Center, which hosts events for the community.
Families are drawn to Allen for its top-rated schools and recreational options, while neighborhoods like Twin Creeks offer parks, golf courses, and walking trails. With affordable home prices and a strong tenant pool, Allen offers real estate investors reliable returns and excellent growth potential.
Coppell
Coppell is a smaller, quieter suburb only 22 miles northwest of Dallas. With high rental demand and a close-knit community, it can be easy to overlook. Coppell’s proximity to DFW International Airport makes it a top choice for professionals who commute frequently, while its highly-rated schools and peaceful neighborhoods make it popular among families.
The average home in Coppell costs $622,448, up 3.2% in the last year. Homes don’t stay on the market long, showing the appeal of the area. Here’s a closer look at the average rental prices in Coppell:
All property types: $2,600
Single-family homes: $2,800
Townhomes: $2,759
Apartments/condos: $1,975
Coppell’s stable market and easy access to major hubs make it a solid choice if you’re a landlord seeking long-term value for your investments.
Make Your Move in Dallas
These five Dallas suburbs offer a unique mix of affordability, rising rental rates, and tenant-friendly amenities. With strong job markets, attractive home prices, and a wide range of community perks, these suburbs give real estate investors the opportunity for consistent returns and portfolio growth.
Navigating the real estate market can be challenging without the right guidance, which is where a property management company like Evernest comes in. Whether you’re an experienced landlord or just starting out, Evernest has the tools and expertise to help you succeed. With a team that knows Dallas real estate inside and out, you’ll be able to turn opportunities into passive income in no time.
