Dallas Homes Under $400,000

Affordable Homes & First-Time Buyer Opportunities

Find affordable homes under $400,000 in Dallas. First-time buyer friendly properties, starter homes, and investment opportunities in Dallas's most value-rich neighborhoods.

Under $400K
Price Range
4+
Neighborhoods
Dallas
Metro Area

Dallas Homes Under $400,000

Browse neighborhoods and properties in your budget

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Best Neighborhoods Under $400,000

Top Dallas neighborhoods matching your Under $400K budget

Allen

$300K-$400K

Allen ISD schools, The Village at Allen retail, and family-friendly neighborhoods.

McKinney

$320K-$400K

Historic downtown, McKinney ISD, and new master-planned communities.

Arlington

$250K-$400K

Entertainment hub near AT&T Stadium and Globe Life Field with affordable family homes.

Mansfield

$300K-$400K

Top-rated Mansfield ISD with growing community amenities and new construction.

Frequently Asked Questions

Common questions about Dallas homes under $400k

In Dallas, homes under $400k typically include starter homes, townhomes, and properties in growing suburban areas with good schools. Contact Dwellverse for current inventory.

Top neighborhoods for homes under $400k in Dallas include: Allen, McKinney, Arlington, Mansfield. Each offers distinct character, amenities, and school district options.

Dallas offers some of Texas's best value, with affordable homes in growing communities with excellent schools and amenities. Texas has no state income tax, adding to the overall value.

Other Price Ranges in Dallas

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Key Insight: Dallas-Fort Worth represents Texas's largest real estate market with over 7 million residents. Median home prices hover around $400,000, offering strong value compared to coastal cities. Top neighborhoods include Highland Park, University Park, Southlake, and rapidly growing suburbs like Frisco, McKinney, and Prosper.

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Last updated: January 27, 2026 | Content reviewed and verified by licensed Texas REALTORS®