Lewisville Named One of the “Most Affordable” Cities with Homes Under $500K
Lewisville has earned a spot on GoBankingRates. com's list of the “Most Affordable” cities in the nation, showcasing homes valued at under $500,000. The study analyzed population changes and housing prices across U. S. cities with populations between 25,000 and 200,000, identifying those that saw a population increase of at least nine percent from 2020 to 2022.
Lewisville ranked 11th overall, with an average home price of $410,904 as of July 2024. This suburban city, located between Dallas and Fort Worth, experienced a significant population growth of 16. 05 percent, jumping from 107,740 to 125,028 residents from 2020 to 2022. This growth not only reflects the city's desirability but also indicates a trend of ongoing development in the area. The recognition underscores the affordability of housing in Lewisville at a time when many other markets are becoming increasingly expensive.
The full report detailing the study's methodology and findings can be found on GoBankingRates. com. This accolade positions Lewisville as an attractive option for homebuyers looking for affordable housing near major metropolitan areas.