What Can I Buy for $500K in Dallas Fort Worth?

If you’ve got a $500,000 budget and you’re house hunting in the Dallas-Fort Worth metroplex — good news: you have options. Great options. Whether you're after a modern home near the action, a family-friendly suburb, or space to breathe just outside the city, $500K goes a long way in DFW.

In this guide, we’ll break down exactly what you can buy for $500,000 in neighborhoods within a 30-mile radius of Fort Worth and Dallas, so you can get a realistic picture of your buying power.

🏙️ What Can You Get for $500K Near Fort Worth?

1. Aledo

A top choice for families and anyone craving small-town charm with top-rated schools.

• New construction 3–4 bed homes with upgraded finishes
  
• Oversized lots or homes backing to greenbelts
  
• Neighborhoods: Walsh, Morningstar
  
• Keywords: homes for sale Aledo TX, new homes in Walsh, Fort Worth suburbs
  
  

2. North Fort Worth / Alliance Corridor

Perfect for professionals or first-time buyers wanting newer homes in booming areas.

• 4 bed, 2.5 bath homes built after 2020
  
• Community amenities like pools, trails, and parks
  
• Neighborhoods: Sendera Ranch, Harriet Creek, Ridgeview Farms
  
• Keywords: homes under 500k Fort Worth TX, Alliance area homes for sale
  
  

3. Benbrook & Southwest Fort Worth

Ideal for those who want to be close to the city but value mature neighborhoods.

• Updated homes with character, big backyards, and no HOA
  
• Easy access to Chisholm Trail Parkway and downtown
  
• Keywords: homes for sale Benbrook TX, Fort Worth homes near Chisholm Trail
  
  

🌆 What Can You Buy for $500K Near Dallas?

4. Rowlett / Rockwall

If lake views and top schools are on your list, these eastern suburbs are worth a look.

• Brick homes with 3–4 bedrooms, large yards
  
• Close to Lake Ray Hubbard with boating, parks, and shopping nearby
  
• Neighborhoods: Waterview, Castle Ridge, The Shores
  
• Keywords: homes near Lake Ray Hubbard, Rockwall homes under 500k
  
  

5. North Dallas Suburbs: Wylie, Sachse, and Murphy

Tucked-away suburbs with newer homes, strong community vibes, and great schools.

• Open-concept layouts, 2,000–2,400 sq ft homes built post-2015
  
• Quick drive to Dallas via George Bush Turnpike
  
• Keywords: homes for sale Wylie TX, Murphy TX homes, affordable suburbs Dallas
  
  

6. Grand Prairie & Cedar Hill

Southwest of Dallas and full of value — especially for first-time buyers or move-up buyers.

• 3–4 bed homes with recent updates, some with pools
  
• Proximity to Joe Pool Lake, trails, and nature reserves
  
• Keywords: homes near Joe Pool Lake, Grand Prairie homes under 500k
  
  

🏘️ Bonus Picks: Hidden Gems Between Dallas & Fort Worth

7. Mansfield

Split between Dallas and Fort Worth, Mansfield offers solid schools and a “best of both worlds” vibe.

• 2,500+ sq ft homes, quiet neighborhoods, and family appeal
  
• Keywords: Mansfield TX real estate, homes for sale Mansfield under 500k
  
  

8. Burleson

Just south of Fort Worth, this fast-growing suburb has plenty of charm (and Chick-fil-A).

• New builds and renovated homes with big lots
  
• Keywords: Burleson homes for sale, affordable homes Fort Worth area
  
  

9. Denton & Argyle

For buyers who want space, community, and character — without giving up amenities.

• Historic homes or master-planned communities
  
• Excellent for families and buyers wanting more land
  
• Keywords: homes for sale Argyle TX, Denton real estate 500k
  
  

💡 Final Thoughts: Is $500K Enough in DFW?

Yes — $500,000 can buy you a beautiful, functional home in Dallas Fort Worth. Whether you're craving space, style, or proximity to the action, this price point opens the door to a wide range of possibilities. The key is working with a local expert who knows how to stretch that budget the right way.

📲 Let’s Find Your Perfect Home in DFW

At On The Move DFW, we specialize in helping buyers like you find the home (and lifestyle) you’ve been dreaming of. If you're ready to tour homes, want help narrowing down neighborhoods, or need a custom home search — we've got you.

👉 Schedule a call with our team or start browsing our curated listings today.
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