One day I was getting my hair cut when I was asked where I lived. When I said Lucas, she replied "Oh, I heard you have to be a millionaire to live in Lucas". Of course, I laughed because I know that's not true, but when she said it I thought that might be a perception people have. First I'll talk about why Lucas residents love living here and then I'll set the record straight on home prices further down on this page.
As a resident of Lucas, Tx for 25 years we've loved every minute of living in this town of about 8,000 residents. People all move out here for the same reasons, open spaces, great schools, close to shopping and highways, and big, two acre lots.
People get tired of the traffic and congestion of the city. They've had enough of living one home on top of another. They want to feel like they can breathe.
However, those same people eventually come to the conclusion moving "further out" means a long drive to and from work, shopping, and all the things the larger cities have to offer. What they really want is a little bit country and a little bit city and that's exactly what Lucas has to offer.
Drive around Lucas and you'll see horses, sheep or longhorn cattle grazing but you'll also see new developments with multi-million dollar homes on 2 acre lots coming out of the ground. You'll find older, ranch style homes, some of which are being updated and some are being taken down for new homes. Lucas is in a slow transition as more and more people see the advantages of living here.
But the one thing you won't see in Lucas is apartments and Lucas wants to keep it that way. None of Lucas is zoned for apartments nor is there public sewer to support it. Lucas residents are extremely committed to preventing public sewer within the city except for the commercial area on the far west side.
The townspeople of Lucas are fully committed to preserving the quality of life they enjoy there. Below are just a few pictures of homes people might think of when they drive through Lucas from ranchettes to luxury homes.
The main reason homes are so expensive in Lucas is most are situated on two acre plus lots. If you could pick up these homes and move them onto a smaller, more affordable city lot in Allen or Plano, the prices would drop dramatically.
Available lots are few and far between in Lucas and most are controlled by the high end custom home builders. You won't find a two acre lot in Lucas under $600K unless it has some issues and they go into the $800's.
In all of 2023 ...
That's it. Everything else sold above that.
There are no "steals" left in Lucas. Lucas homeowners are aware how expensive this town has become and taking advantage of it.
If you can find a home in Lucas for under $500K, you should give it a hard look. In fact, there has only been one home sale in all of lucas under $500K in the past 3 and a half years (this article was written on 5-18-24). That home is shown below and sold in the high $400's. This home is 1,312 SF on a one acre lot.
Can you find a home in Lucas for under $600K? Yes, but here's my suggestion.
Can you find a nice home in Lucas between $600K and $700K?
There will definitely be more opportunities in this price point but the best homes sell quickly and some never hit the MLS. The agents know about them and they're already working with buyers who might be good candidates for them.
I'd keep my eyes on Seis Lagos (Lucas ETJ). Most of the homes are older and might require updating but they're only on .5 acre lots. That will help to bring the price down. Camden Estates, right next door to Seis Lagos, is basically city sized lots and might be your best bet for a more affordable home. The way that happened is they tie in to the Seis Lagos sewer system.
Lucas has become very expensive especially first time home buyers. That's become a real problem for our schools because those are the families with younger children. We don't have apartments in Lovejoy School District, it's all single family homes, so it's really impacted our elementary school enrollment. This is the reason Lovejoy ISD had to close one of their elementary schools. There just weren't enough young children to keep three elementary schools full.
It's almost impossible to find any home in Lucas for under $500K and it's now becoming more difficult to find a home in Lucas under $600K. There have only been four homes to sell in Lucas under $600K since January 1 of 2003, almost a year and a half ago. With the exception of the one trailer home, these homes are all 30-40 years old. If they haven't been updated it's going to cost quite a bit of money to do it and a buyer could very well be into the $700's before all the dust settles.
I'll update this section of our website at the end of 2024 and we'll all find out together if the prices in Lucas are holding or softening.
We don't have to just tell you about Lucas, we'll show this wonderful town to you. It's easy to get turned around on these winding country roads out here, but give us a couple of hours in the car and we'll give you a great idea of what Lucas has to offer. We'll explain where the six different school district lines are located along with the developments that feed into them. We'll explain the general price points of the homes and where we think you might find your best values. We love what we do and it would be our pleasure to share Lucas with you.
