What’s one of the biggest concerns homebuyers-to-be think about before they start house hunting? It’s usually along the lines of figuring out where they can get the best deal, and where their money can go the farthest. But there’s much more than just the price of the home to think about—when it comes to nailing down a specific neighborhood in a location you’re after, you want to make sure it has a healthy combination of factors that would make the ideal place for a first-time home buyer: affordability, safety, and convenience. After analyzing the above factors, we here at Movoto Real Estate created a ranking of the 10 best Dallas neighborhoods for first-time home buyers for your viewing convenience: 1. Farmers Market District
2. University Park
3. Near East
4. Highland Park
5. m Streets (tie)
5. Oak Lawn (tie)
7. Bluffview
8. Main Street District
9. North Dallas
10. Far North
After some serious number-crunching, we arrived at this nifty top 10 list. Of 29 Dallas neighborhoods, we ranked them in order in terms of the important home buying factors we listed above: affordability (median household income to median home value ratio), amenities within a mile, and violent crimes per person. We used Areavibes.com, the U.S. Census’ 2009-2012 American Community Survey, and the 2012 FBI Uniform Crime Report to gather our data. We’ve done neighborhood rankings before, but something awesome happened when it came to the safety part—every single Dallas neighborhood on our top 10 list tied for first place! Each and every one of them have only 265 violent crimes per 100,000 people, making all of the areas on our list safe places to be. Ready to check out the top 10?

1. Farmers Market District

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user erich petersX
Rankings Affordability: 3rd • Amenities: 2nd • Safety: 1st (tie) Located in the southeastern area of downtown Dallas sits the sunny Farmers Market District. The name sure doesn’t lie--it’s home to the famous Dallas Farmers Market, a large public market with four sheds all brimming with locally-sourced produce. Though the market is the main attraction, there are often other events going on. From live performances in the summer to a large pumpkin patch in the fall, the friendly bustle of this area makes it great for families. Though most of the homes are apartments and condos, they’re great spaces for starter homes. Coming in third in terms of affordability and second in terms of amenities within a one-mile radius, Farmers Market District rounds out well to take this list’s crown for first overall.

2. University Park

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Google Maps
Rankings Affordability: 2nd • Amenities: 6th • Safety: 1st (tie) An inner suburb of Dallas, University Park is a predominantly residential, family-friendly neighborhood. Coming in second place overall in terms of affordability, it makes for a great place to buy your first home. Known for homes with beautiful architecture, a handful of churches, and green space galore, it’s easy to fall in love with this area. The schools in University Park consistently rank among the highest in the state. Curtis Park, Snider Plaza, and Preston Center all offer top-notch convenience for outdoor activities, shopping, and eateries.

3. Near East

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Steven Martin
Rankings Affordability: 1st • Amenities: 9th • Safety: 1st (tie) If you’re looking for an area even more affordable than University Park, look no further than Near East. Taking the cake for the number one most affordable neighborhood in Dallas, it’s an up-and-coming area filled with haute gastropubs and unique shopping options. While the area is newly residential, with scarce opportunities for single-family homes, the loft-style apartments add a classy touch. While ranking on the lower end of the top 10 list in terms of amenities, the avant-garde galleries, designer shopping, and chic bars aren’t to be overlooked. For the nature enthusiast, Trinity River Greenbelt Park is just a stone’s throw away.

4. Highland Park

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Google Maps
Rankings Affordability: 4th • Amenities: 8th • Safety: 1st (tie) Located just three miles north from the center of downtown Dallas, Highland Park is a thriving residential neighborhood with an array of parks. Highland Park and University Park make up the “Park Cities” and are incorporated municipalities that, while considered suburbs, can technically use Dallas as their address. Home styles here are grandiose, with many boasting Old World character. While this neighborhood didn’t rank highly out of the top 10 in terms of amenities, it still scored 8th overall, and the Highland Park Village Shopping Center boasts luxury stores, theatres, and a handful of dining options.

5. M Streets (tie)

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Google Maps
Rankings Affordability: 9th • Amenities: 5th • Safety: 1st (tie) Sitting pretty in East Dallas, The M Streets neighborhood gets its name from the two main streets that surround the area, McCommas and Monticello. With many homes in the area dating back to the 1920s, most of them represent the Tudor architectural style with steeply pitched roofs and tall, narrow windows. This area was in the middle of the pack in terms of amenities, with nearby Greenville Avenue filled with convenient restaurants and shops.

5. Oak Lawn (tie)

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Google Maps
Rankings Affordability: 10th • Amenities: 4th • Safety: 1st (tie) An area composed mostly of urban professionals, Oak Lawn is a very diverse neighborhood. From brand new high-rises and condos to rows of townhomes, single-families, and duplexes, it has an array of housing types. Oak Lawn is home to an array of parks, good public transportation with trolleys and buses, and delicious high-rated restaurants. If you’re into the nightlife scene, this is a great place to be.

7. Bluffview

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Google Maps
Rankings Affordability: 6th • Amenities: 10th • Safety: 1st (tie) Jumping straight to seventh after the fifth-place tie are the hilly, winding streets of Bluffview. A very desirable area, Bluffview is largely residential and makes a great places for families. There are all kinds of homes here, from traditional to midcentury to modern. Many of the properties sit on large lots with impressive backyards, some with creeks and ravines. Bluffview’s location makes it a great place for commuters—close enough to the amenities of downtown but far out enough to avoid the hustle and bustle.

8. Main Street District

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user CameliaTWU
Rankings Affordability: 16th • Amenities: 1st • Safety: 1st (tie) Home buyers-to-be probably won’t be too surprised to hear that Main Street District ranked the least affordable of the top 10, but ranked highest in terms of amenities, taking the number one spot in the category. But for such an amazing downtown location, ranking in the middle of the pack overall (16th out of 29 neighborhoods) isn’t so shabby. With retailers, restaurants, and attractions galore, there’s always something to do in the Main Street District. The residential buildings here are in the form of apartments and condos, and new housing is on the rise with new constructions planned.

9. North Dallas

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Google Maps
Rankings Affordability: 5th • Amenities: 13th • Safety: 1st (tie) If you’re looking for a bigger house on a sizeable plot of land, the North Dallas area is a great option. A suburban paradise, North Dallas boasts beautiful homes on tree-lined streets and an upscale feel. While ranking on the lower end of our list in terms of amenities, 289 is a short drive away, and its filled with dining and shopping options and bus lines to downtown. It is set back a bit from the main heart of Dallas, so keep a note about it if you’re planning to commute to work.

10. Far North

These Are The 10 Best Dallas Neighborhoods For First-Time Home Buyers
Source: Flickr user Google Maps
Rankings Affordability: 11th • Amenities: 11th • Safety: 1st (tie) Squeezing into the tenth spot on our list is Far North. Even a bit more north than North Dallas, this neighborhood is perfect for first-time home buyers and families. While it’s set almost 20 minutes north of the city center and naturally has less amenities, Preston Road is home to shopping malls, restaurants, and outlet stores. From hiking the trails of Katie Jackson Park, to hanging out at Prestonwood or Bent Tree Country Club, to playing with Fido at Wagging Tail Dog Park, there’s always something to do outdoors for every member of the family.

Dallas Is The Place To Buy

With the job market in Dallas continuously expanding, rent prices are being driven up. This, and the sheer fact that there are so many homes on the market, make it the perfect time to buy a home here rather than rent. The median home price in Dallas is around $129,000. If you take out 30-year fixed loan of $100,000 at a 4.5 percent interest rate, you can expect your average monthly mortgage payment to be somewhere around $800. Although this estimation doesn’t include taxes or any mortgage insurance you might need, it still appears to be a better move than paying the median rent price of $822 that could keep increasing as the years pass. Ready to look at homes in Dallas? We’ve got you covered. Just get in touch with a Movoto Certified Agent, and they’ll answer every burning buying question you can think of.