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Dallas Real Estate Market Flourishes with Surge in Million-Dollar Neighborhoods; North Texas MPCs Shine on National Stage

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Published on January 20, 2026
Dallas Real Estate Market Flourishes with Surge in Million-Dollar Neighborhoods; North Texas MPCs Shine on National StageSource: Google Street View

In the evolving landscape of Dallas real estate, the list of million-dollar neighborhoods is on the rise. Before the pandemic, only two neighborhoods in North Texas were part of this exclusive price bracket, but now that number has bumped to five. A standout on the market is 6618 Belmead Drive, an opulent residence priced at $8.5 million located in North Dallas' 75230 ZIP code, an area acclaimed for its seven-figure median home values. This trend towards luxury living is indicative of the area's growing affluence, as reported by Alexa Reed and Joanne Drilling of the Dallas Business Journal.

Complementing this surge in upscale neighborhoods, master-planned communities (MPCs) in Texas are holding their own on the national stage. Despite a slight dip in sales compared to the previous year, these developments demonstrate resilience — with some North Texas communities landing spots on RCLCO's 2025 Top-Selling Master-Planned Communities list. These neighborhoods offer more than just a home; they provide a full-fledged lifestyle with amenities designed to entice potential homeowners. In fact, the Dallas-Fort Worth region shows significant representation amidst a slight 3% drop in sales from last year’s numbers, a testament to the buyer demand for these well-appointed communities, as noted by CandysDirt.com.

Among the top MPCs in the state is McKinney's Painted Tree, which clinched the 15th spot nationally, selling 643 homes in 2025, a 23% increase from the preceding year. However, in an interesting departure from traditional MPCs, Painted Tree operates on a build-to-rent model, mixing single-family homes and townhomes. Other North Texas communities gracing the list include Eastridge in Princeton at No. 39 and Lavon's Elevon at No. 42, both of which offer a plethora of community amenities. Not to be left out, the Devonshire MPC in Forney and Lakehaven in Farmersville also made the cut, coming in at No. 44 and 47, respectively, while Pecan Square in Northlake landed at No. 49, each bringing a unique blend of home options and neighborhood features.

Statewide, Texas MPCs constituted about 32% of all sales among the top 50, outranked only by Florida's 42%. This statistic stands as a stark indicator of Texas' strong placement in the national hierarchy of desirable planned communities. By contrast, the Greater Houston area continues to exert a formidable presence in the rankings, with several communities breaking into the top echelons of the RCLCO list. Nevertheless, it was Florida's The Villages that secured the title as the nation's best-selling community, underscoring a national trend of burgeoning master-planned developments that appeal to a wide demographic, especially those seeking the allure of a thoughtfully designed suburban oasis.

Dallas-Real Estate & Development