The median sale price in Frisco, TX sits around $687,500, but if you’re shopping for a gated luxury community, you’ve already moved well past that number. Among the best neighborhoods in Frisco, TX, two of the most frequently compared options in this price range are Starwood and Newman Village.

Both offer custom estates and easy access to the Dallas North Tollway. Where they diverge is in architectural character, lot sizes, and what your HOA dues actually buy you – and those differences matter more than most buyers expect going in.

A Look at Frisco’s Gated Communities

Frisco’s housing inventory currently sits at roughly 1,036 available homes, with properties spending an average of 43 days on the market. Inside that broader picture, master-planned developments with controlled access and unified design standards operate almost like their own submarkets – pricing, pace, and buyer expectations are different from the general inventory.

Starwood and Newman Village represent two distinct chapters of Frisco’s growth. Both have gated entries and community-maintained facilities, but they differ in age by more than a decade, and you’ll feel that difference the moment you drive through.

Development History of Starwood

Starwood is the older of the two. Construction began in the late 1980s and ran through the early 2000s, with the community officially established in 1996.

That longer development window, timed to Frisco’s initial suburban expansion, is why you see mature trees and established streetscapes here. The neighborhood has had time to settle into itself.

Development History of Newman Village

Newman Village came later. The community was established in 2008, with the first homes constructed between 2008 and 2009.

That timing shows in the infrastructure – more recent planning trends, a centralized community plaza, and construction that has continued into recent years with the addition of townhomes. It’s a younger neighborhood and looks like one.

Home Styles and Current Market Prices

Homes in Frisco generally sell for about 97.5% of their list price, so aggressive list pricing isn’t common here. In both Starwood and Newman Village, expect to be well above the city’s overall median from the start – these are luxury communities, priced accordingly.

That said, the two neighborhoods don’t look alike. The architectural guidelines pull in different directions, and the physical footprint of the properties varies enough that buyers with strong preferences on either count usually find one community fits better than the other.

Architecture and Builders in Starwood

Starwood has a broader stylistic range. Traditional Texas brick sits alongside Mediterranean and stucco-influenced estates, and the variation in scale is real – living spaces run from 3,010 to 12,124 square feet on oversized estate lots. Custom builders like Steve Roberts and Mike Kirlin have work here, and the difference between a modest brick layout and a towering custom build on the same street isn’t unusual.

Architecture and Builders in Newman Village

Newman Village has a tighter aesthetic. European and Mediterranean influences dominate, with both traditional and transitional design elements. Builders in the estate section include Darling Homes, Booth Brothers, Ron Davis, and Northstar Luxury Homes. The newer Newman Village Townhomes, built by Centre Living Homes with architect John Lively & Associates, bring a Brownstone-inspired exterior to the mix.

Single-family living spaces range from about 2,800 to 7,575 square feet on lots typically measuring 0.15 to 0.4 acres – noticeably smaller land footprints than what you’ll find in Starwood.

How Prices and Lot Sizes Compare

In Starwood, the median home price clears $1 million, with custom estates generally running from the $600,000s up to more than $2.3 million.

Newman Village carried a median listing price of $1.5 million based on 2024 data – a 12.4% year-over-year increase at that time. If you want a lower entry point into Newman Village, the townhomes start around $599,900 to $619,079.

HOA Dues and Neighborhood Amenities

Monthly HOA dues are nearly identical between the two communities, so that’s not a differentiator. What differs is how each neighborhood distributes its shared amenity space, and that’s worth thinking through based on how you actually live.

Both are gated. But one leans toward indoor athletic facilities; the other organizes itself around outdoor, centralized common areas. Most buyers have a clear preference once they see both.

What the Starwood HOA Includes

Homeowners in Starwood pay approximately $300 per month in HOA fees, though some older estimates cite $660 per quarter. That covers a gated and guarded community with 24/7 security – staffed entry, not just a keypad.

Amenities include a clubhouse, community pool, fitness center, indoor sports court, outdoor tennis courts, playground, and walking trails.

What the Newman Village HOA Includes

Newman Village also runs about $300 per month. The community is designed around a central plaza with fountains, and the amenity package includes a resort-style pool, a splash pad, a multi-use recreation center, tennis courts, and walking and biking trails.

Commutes and Local Retail Access

Both communities are positioned near the Dallas North Tollway, which is the main artery for anyone commuting south into Dallas. The specific on-ramp situation and surrounding retail are a little different depending on which neighborhood you’re in.

Driving from Starwood

Starwood sits at the northwest corner of the Dallas North Tollway and Lebanon Road. That direct adjacency to the Tollway puts Downtown Dallas about 30 minutes away for commuters, and the Shops at Starwood is right there for everyday errands – dining and retail without touching the highway.

Driving from Newman Village

Newman Village is just off Eldorado Parkway, sitting slightly further north along the Tollway. A short drive south brings you to the North Platinum Corridor and The Star in Frisco. The Eldorado and Tollway intersection puts you minutes from Costco, Target, Home Depot, and Market Street. Stonebriar Centre is also a short drive away.

Frequently Asked Questions

How do the HOA fees and property taxes compare between Starwood and Newman Village in Frisco, TX?

HOA fees are roughly equal – both communities charge approximately $300 per month. Property tax rates aren’t specified in the available neighborhood data, so you’ll want to pull current county tax assessments for any specific home you’re considering.

What is the difference in home age and architectural styles when choosing between Newman Village and Starwood?

Starwood is older, with development starting in the late 1980s, and features traditional Texas brick and Mediterranean estates. Newman Village was established in 2008 and focuses on European and Mediterranean designs, including newer Brownstone-inspired townhomes.

Do homes in Starwood and Newman Village zone to the same Frisco ISD schools?

The available data doesn’t specify the exact Frisco Independent School District zoning boundaries for these two neighborhoods. Check the current Frisco ISD boundary maps directly to confirm which schools serve each community.

If I want a larger lot with mature trees in Frisco, should I look in Starwood or Newman Village?

Starwood. It’s the older community, established in 1996, with oversized estate lots. Newman Village’s typical lot sizes run 0.15 to 0.4 acres – considerably smaller.

Which of these two gated communities offers better neighborhood amenities and security features?

That depends on what you’re prioritizing. Starwood has 24/7 staffed gate security and an indoor sports court. Newman Village has a centralized community plaza with fountains, a resort-style pool, and a splash pad. Both have solid amenity packages; they’re just oriented differently.

How strict are the HOA architectural committees in Newman Village versus Starwood if I want to remodel the exterior?

The available neighborhood data doesn’t detail the specific architectural review processes for either HOA. Before you buy with exterior changes in mind, get the governing documents for both Starwood and Newman Village and read them carefully.

Newman Village is a gated residential community sitting at the northwest corner of Legacy Drive and Eldorado Parkway in Frisco, TX, stretching north to Panther Creek Parkway – which puts residents close to the Dallas North Tollway. Many buyers consider it to be one of the best neighborhoods in Frisco, TX.

The broader Frisco market carries a median sale price of around $687,500. Newman Village is a different conversation entirely. Homes here routinely list well above $1 million, and you’ll find a mix of large single-family houses and newer luxury townhomes built around a central plaza.

Housing Stock and Home Prices in Newman Village

The single-family homes in Newman Village run from 2,800 to 7,575 square feet and lean on European and Mediterranean architectural styles. The community was established in 2008 and covers three to six bedrooms and two to six bathrooms across that range. All of it sits behind a manned guardhouse entrance.

Median listing prices here have been hovering between $1.3 million and $1.5 million – well above the Frisco median, and that gap isn’t closing anytime soon.

The Newman Village Townhomes

If you want the address without the footprint, the Newman Village Townhomes development by Centre Living Homes offers 121 units with Brownstone-inspired exteriors. Floor plans run from 2,277 to 2,644 square feet with two to four bedrooms.

Townhome owners pay HOA fees of $300 per month covering lawn and ground maintenance, and these properties are not subject to a Municipal Utility District tax – worth noting when you’re running the numbers.

Neighborhood Amenities and Daily Life

The Newman Village HOA maintains a central Italian-inspired plaza with fountains, walking and biking trails, and parks. Inside the gates you also get a resort-style community pool, a splash pad, four tennis courts, and a multi-use recreation center.

For everyday errands, the intersection of Eldorado Parkway and the Dallas North Tollway is just minutes out. Costco, Home Depot, Target, and the Market Street grocery store are all right there along that corridor.

Restaurants in Newman Village Frisco

Dining sits just outside the gates along Eldorado Parkway. Christina’s Mexican, Vitality Bowls, and Chili’s are popular nearby options.

For something locally owned, Scotty P’s is right by the tollway intersection. And if you want more variety, the Dallas North Tollway takes you straight to Frisco Square, Stonebriar Centre mall, and the restaurant lineups at The Shops at Legacy and Legacy West.

Schools and Local Area Attractions

Students here fall under the Frisco Independent School District. The typical attendance zone puts kids at James R. Newman Elementary School and Trent Middle School, then either Lone Star High School or Memorial High School for ninth grade onward – your specific address determines which high school.

Toyota Stadium is a short drive away via the Dallas North Tollway, hosting both sporting events and concerts throughout the year.

Weather and Recreation

Hot Texas summers, mild winters – that’s what you’re signing up for, same as the rest of the region. The community pool and splash pad tend to get heavy use from May through September.

When the weather cools down, there’s no shortage of golf. The Golf Club at Frisco Lakes, The Trails of Frisco, and PGA Frisco are all within a short distance from the neighborhood.

Finding a Home in the Current Market

Across Frisco, homes are averaging roughly 43 days on the market and selling at about 97.5% of list price. With around 4.1 months of housing supply citywide, buyers do have some room to breathe – though Newman Village’s gated, limited-footprint nature means the available inventory here is noticeably smaller than the broader market.

Come prepared for luxury price points, and read the HOA guidelines before you fall in love with anything. A local agent who knows this specific community will save you time sorting out exact property boundaries and getting a heads-up on listings before they hit the open market.

Frequently Asked Questions

What are the current HOA dues for Newman Village in Frisco, and what neighborhood amenities do they actually cover?

Townhome residents in the Centre Living Homes section pay $300 per month, which covers lawn and ground maintenance. Community-wide amenities include a resort-style pool, splash pad, four tennis courts, a recreation center, and the central Italian-inspired plaza.

Which Frisco ISD schools are children living in Newman Village currently zoned to attend?

Students attend the Frisco Independent School District. The typical assignment runs through James R. Newman Elementary School, Trent Middle School, and then either Lone Star High School or Memorial High School depending on your exact address.

Can I still buy an empty lot to build a custom home in Newman Village, or is the neighborhood completely built out?

The single-family portion was established in 2008, and a newer section of 121 townhomes was added more recently. If you’re hunting for a vacant lot inside the gates, talk to a local agent – available land there is limited.

How does Newman Village compare to other luxury gated communities in Frisco, like Starwood or Hills of Kingswood?

Newman Village carries European and Mediterranean architectural influences and anchors the community around an Italian-style plaza. Pricing routinely exceeds $1.3 million, which puts it squarely in Frisco’s luxury market alongside other gated communities.

Are there strict architectural restrictions I need to know about before renovating an exterior or adding a pool in Newman Village?

The community holds to a consistent look – European, Mediterranean, and Brownstone-inspired exteriors throughout. Before you touch anything on the outside of the home, renovation plans need to go to the Newman Village HOA or CMA Management for approval.

How quickly do resale homes in Newman Village typically go under contract in the current Frisco real estate market?

Across Frisco broadly, homes average roughly 43 days on the market. For luxury properties inside Newman Village specifically, that timeline can shift depending on the home’s size and price point.

Phillips Creek Ranch is a large master-planned community in West Frisco, TX, built on land that was once owned by a prominent quarter-horse ranch. It covers hundreds of acres and weaves natural features into the residential streetscapes in a way that sets it apart from a standard subdivision grid. Buyers comparing the best neighborhoods in Frisco, TX will mostly be evaluating a structured suburban environment built around outdoor amenities – trails, water features, green space – managed by a homeowners association that keeps everything looking the part.

That HOA piece matters more here than in a lot of other neighborhoods. Buyers who prioritize built-in community elements alongside proximity to the Dallas North Tollway corridor tend to find it worth the trade-off. Buyers who don’t like being told what color to paint their fence tend to find it a friction point. Worth knowing before you fall in love with a listing.

Real Estate and Home Prices in Phillips Creek Ranch

The citywide median for Frisco, TX runs around $687,500 – but Phillips Creek Ranch isn’t a citywide-median kind of neighborhood. Recent data puts the median sale price here between $1.16 million and $1.175 million. You’re paying a real premium over the Frisco average, and the homes reflect it.

The broader Frisco market is carrying about 1,036 homes in inventory right now, which works out to a 4.1-month supply. Within Phillips Creek Ranch specifically, the listings are almost entirely larger, single-family properties built over the last decade. Brick and stone exteriors are the norm. The price floor generally starts around $980,000, and anything larger or more customized pushes well past the $1 million mark without much resistance.

Home Types and Community Layout

The neighborhood is divided into distinct subdivisions, each with its own street design and housing scale – so “Phillips Creek Ranch” isn’t monolithic. Single-family detached homes make up the overwhelming majority of available listings.

Because the entire area operates under HOA governance, property exteriors and landscaping have to meet specific community standards. Before you submit an offer anywhere in here, review the association’s rules on exterior modifications, fencing, and maintenance obligations. Not a step to save for after the inspection.

Daily Life, Dining, and Getting Around

More than 100 acres of green space and over 18 miles of hike-and-bike trails sit inside the community’s borders. The centerpiece is Vista Park and Lake, which gives residents water views and paved walking paths. The trail network connects the different sections of the neighborhood to each other and to the shared amenities, so you can genuinely get around on foot or by bike without touching a road.

For commuters, West Frisco puts you in a good spot. The Dallas North Tollway and State Highway 121 are both accessible from the neighborhood, and those two roads will get you to major employment centers in Plano or downtown Dallas without much drama.

Restaurants and Everyday Shopping

Phillips Creek Ranch is residential – don’t expect much retail inside the gates. Grocery stores, pharmacies, and everyday services are positioned just outside the community entrances along the main arterial roads.

For dining, residents typically drive a few minutes east toward the tollway corridor, where there’s a wider mix of casual spots and sit-down restaurants. It’s not far, but it’s a drive.

Schools, Healthcare, and Local Climate

Students here are zoned into Frisco Independent School District – Frisco ISD – which operates multiple campuses either on-site or directly adjacent to the neighborhood. Elementary students are assigned to Bledsoe, Sparks, Nichols, or Hosp Elementary Schools, depending on where in the community you live. Middle schoolers go to Pioneer Heritage or Pearson, and high schoolers attend Rick Reedy High School.

That said, your specific street address determines your campus assignment, and attendance zones can shift based on district enrollment policies. Use the district’s official boundary map to confirm before you make any assumptions about which school a particular address feeds into.

Nearby Hospitals and Medical Centers

Medical City Frisco is the closest major facility – a 98-bed acute care hospital with a Level III Trauma Center. Texas Health Frisco, a joint venture with UT Southwestern, covers emergency needs around the clock and also has a NICU. Baylor Scott & White Medical Center–Frisco and its secondary location at PGA Parkway round out the options within a short drive.

Weather and Climate Considerations

Frisco summers are serious. July and August routinely run past 90 degrees, and that heat is sustained, not occasional. The community’s shaded parks and water features at Vista Park get heavy use during those months for good reason.

Spring and fall are when the 18 miles of trails actually get comfortable. On the practical side, make sure any home you’re buying has an HVAC system that’s been recently serviced and is up to the load – this isn’t a climate where deferred maintenance on the AC is a small problem.

Buying a Home in the Current Frisco Market

Right now, homes across Frisco are sitting on the market a median of 43 days before selling. The average sale-to-list ratio is around 97.5%, which means there’s some negotiating room – but properties priced correctly are still moving. About 10.7% of homes in the broader Frisco area sell above list price.

Phillips Creek Ranch operates somewhat differently than the citywide picture given its $1.16 million to $1.175 million price range. Monitoring new listings closely matters here, because the pool of buyers at that price point is smaller and inventory moves on its own timeline. A local agent who knows which subdivisions within the ranch fit your budget and timeline is worth having in your corner – someone who can also surface upcoming inventory before it hits the open market.

Frequently Asked Questions

How much are the HOA fees in Phillips Creek Ranch, and what specific community amenities do they cover?

The HOA charges regular dues to maintain the neighborhood’s shared spaces – specifically the 100 acres of green space, Vista Park and Lake, and the 18 miles of hike-and-bike trails. The exact amount depends on which subdivision you’re buying in, so ask the seller for the current fee schedule. Don’t assume one subdivision’s rate applies to another.

Which Frisco ISD schools are currently zoned for students living in the Phillips Creek Ranch neighborhood?

Elementary students are assigned to Bledsoe, Sparks, Nichols, or Hosp Elementary Schools. Middle schoolers attend Pioneer Heritage or Pearson, and high school students go to Rick Reedy High School. Your exact assignment comes down to your specific street address, so confirm it against the district’s boundary map.

Is Phillips Creek Ranch fully built out, or are there still new construction homes available to purchase?

Most of the community is established homes built over the past decade. New construction is limited compared to the resale market. If a new build is what you’re after, talk to a local agent – available lots are out there, but you’ll need to track them down.

What is the average property tax rate for homes located inside the Phillips Creek Ranch community?

Taxes here are assessed by the local county authorities along with the city of Frisco and Frisco ISD. The rate applied to a specific address can fluctuate based on annual assessments, so check the local county tax assessor’s website for the exact figure on any property you’re seriously considering.

How does buying a home in Phillips Creek Ranch compare to other West Frisco master-planned communities like Edgestone or Newman Village?

Phillips Creek Ranch’s identity is built around its outdoor amenities – Vista Park and Lake and over 18 miles of trails. The median price of roughly $1.16 million to $1.175 million reflects the scale and housing stock here. Other nearby communities have their own amenity centers and architectural character. The only way to know which one fits you is to walk all of them and compare lot sizes and finishes in person.

Are there any strict HOA architectural restrictions or special assessments buyers should know about before closing on a home in Phillips Creek Ranch?

Yes – the community enforces specific standards on exterior paint colors, landscaping, and fencing. Before you close, review the HOA’s resale certificate and governing documents. That’s where you’ll find any upcoming special assessments or outstanding property violations. It’s not optional reading.

As of late July 2026, first-time home buyers in Frisco are seeing average 30-year fixed mortgage rates hovering between 6.5% and 6.9%. With the median home price sitting around $687,500, how those rates translate into actual monthly payments isn’t an abstract question – it’s the number that determines what you can afford to offer.

Frisco spans both Collin and Denton counties, with a mix of established neighborhoods and new developments. Right now there are over 1,000 homes available, which gives you real options – but options still require a clear budget. Securing financing early means you can move when the right property shows up instead of scrambling.

Current Averages for Frisco Buyers

Rates shift daily, driven by Federal Reserve policy and whatever the broader economy decides to do that week. In late July 2026, Texas buyers are landing in a range that reflects a national market that’s been gradually settling down.

Your credit profile is the biggest lever you personally control. Lenders will price your loan based on how much risk they think you carry, so the spread between the best and worst rates on any given day is real.

30-Year Fixed-Rate Mortgages

The 30-year fixed is still the loan most Frisco buyers reach for first. Current rates are clustering between 6.5% and 6.9% across major lenders – a range that reflects genuine variation depending on your credit, your lender, and the day you lock.

The appeal is straightforward: spreading repayment over 30 years keeps your monthly obligation lower, and the rate never changes on you. If you’re planning to stay put long-term, that predictability matters.

15-Year Fixed-Rate Mortgages

If building equity faster is the priority, the 15-year fixed offers rates currently ranging from 5.8% to 6.1% in Texas. The rate is lower, but the condensed timeline pushes your monthly payment significantly higher than a 30-year loan.

Before committing to that accelerated schedule, be honest about your monthly cash flow.

Adjustable-Rate Mortgages (ARMs)

An ARM gives you a fixed rate for an initial period – typically five to ten years – then resets annually based on market conditions. Those introductory rates generally come in slightly below the 30-year fixed average.

Buyers who already know they’ll move or refinance within a few years sometimes use ARMs to keep payments lower in the short run. Just understand what happens when that introductory period ends: the rate adjusts, and so does your payment.

How Interest Rates Shape Your Buying Power

A half-percent difference in your rate isn’t a rounding error – it’s hundreds of dollars a month. That gap compounds over 30 years into a number worth paying attention to.

Frisco homes are currently spending a median of 43 days on the market. Knowing your exact budget before you start touring means you can make a confident offer without doing math in a parking lot.

Estimated Monthly Payments for a Median-Priced Home

Work from the actual numbers. The median sale price in Frisco is roughly $687,500. Put 20% down and your loan amount is $550,000.

At a 6.7% rate on a 30-year fixed, principal and interest comes to about $3,549 per month. That figure doesn’t include property taxes or homeowners insurance – you’ll need to add both to get to your real monthly housing cost.

FHA vs. Conventional Loans in Frisco

Conventional loans are the standard route for borrowers with solid credit and at least 3% down. For 2026, the conforming loan limit for a single-family home in Collin and Denton counties is $832,750 – which covers a lot of Frisco purchases, though not all of them.

FHA loans are worth a look if your credit score is lower or your down payment is thin; they require just 3.5% down. The trade-off is mandatory mortgage insurance premiums, which add to your monthly costs even when FHA rates come in slightly lower than conventional. Run the full comparison, not just the rate.

Ways to Secure a Lower Interest Rate

The advertised rate is the best-case rate. What you actually get depends on what your file looks like when the underwriter opens it.

The good news is you have real influence here. Getting your finances in order before you apply – and shopping more than one lender – can produce measurable savings over the life of your loan.

Improving Your Credit Score and DTI

Two numbers drive your rate more than anything else: your credit score and your debt-to-income ratio (DTI). Paying down credit card balances and avoiding new debt in the months before you apply improves both.

Most lenders want your DTI below 43%, though certain loan programs allow higher. A clean credit report tells underwriters what they most want to see – that you handle your existing obligations without drama.

Comparing Local Frisco Lenders vs. National Banks

National banks have polished online portals and standardized products. Local Frisco mortgage brokers often have more flexibility and access to wholesale rates – and they know the Collin and Denton County markets specifically, including local property tax rates and how long appraisals actually take here.

Get estimates from both. The difference in fees and APRs can be surprising.

Exploring Texas First-Time Homebuyer Programs

The Texas Department of Housing and Community Affairs (TDHCA) and the Texas State Affordable Housing Corporation (TSAHC) both run programs worth knowing about. My First Texas Home and Home Sweet Texas offer down payment assistance and mortgage tax credits to qualifying buyers.

At the local level, NDBT’s HomeStart Program serves buyers in Collin and Denton counties with closing cost help. One thing to check before you count on any program: funding runs out. The City of Denton’s Homebuyer Assistance Program is currently exhausted and not accepting applications – a good reminder that availability can change quickly.

Frequently Asked Questions About Frisco Mortgages

Should I use a local Frisco mortgage broker or a national bank to get the lowest rate?

It depends on your financial profile. Local brokers can sometimes access wholesale rates and tend to have deeper knowledge of the Collin and Denton county markets. Request loan estimates from both and compare the final APRs and closing costs before you decide.

How do jumbo mortgage rates compare to conventional loan rates for luxury homes in Frisco?

Jumbo loans cover properties that exceed the 2026 conforming loan limit of $832,750. They carry more risk for the lender, so jumbo rates typically run slightly higher than conventional rates – and the credit and down payment requirements are stricter.

What happens if interest rates drop while I am under contract for a house in Frisco?

If your rate is already locked, you generally can’t switch to a lower rate unless your lender offers a float-down option. Ask your loan officer about their float-down policy before you sign the rate lock agreement – not after.

Do new construction builders in Frisco actually offer better mortgage rate buy-downs than standard lenders?

Yes, builders often provide aggressive rate buy-downs when you use their in-house financing. That said, compare the total cost of the builder’s loan against an outside lender. A lower rate doesn’t mean much if it comes with inflated closing fees.

How long can I lock in my mortgage rate while searching for a home in the competitive Frisco market?

Most lenders offer rate locks for 30 to 60 days once you’re under contract. Some institutions have programs that hold a rate for up to 90 days while you’re still searching, though those typically come with an upfront fee.

Does buying a condo or townhome in Frisco mean I will get a higher interest rate than a single-family home?

Yes. Lenders generally charge a slightly higher rate on condominiums than on single-family homes – underwriters treat them as slightly higher risk. You’ll also need to include monthly homeowners association dues in your debt-to-income ratio calculation.