Median Salary
$62,088
Above National Avg
Hourly Wage
$29.85
Dollars / Hr
Workforce
N/A
Total Jobs
Growth
+3%
10-Year Outlook
Of course. Here is a comprehensive career guide for Real Estate Agents considering a move to Lewisville, TX.
A Real Estate Agent's Guide to Building a Career in Lewisville, TX
Lewisville isn't just another Dallas suburb; it's a strategic hub. With the Denton County Transit Center, a booming job market anchored by major employers, and a direct line into Dallas via I-35E, itโs a prime location for real estate professionals. This guide cuts through the promotional fluff and provides a data-driven look at what it really takes to thrive as a Real Estate Agent in Lewisville.
The Salary Picture: Where Lewisville Stands
Let's start with the numbers. Real estate income is famously variable, but we can establish a solid baseline using regional data. The median salary for Real Estate Agents in the Lewisville metro area is $62,088/year, which translates to an hourly rate of $29.85/hour. This figure sits slightly above the national average of $61,480/year, a positive sign for the local market's health.
However, this median masks the wide spectrum of earnings based on experience, specialization, and hustle. New agents often start with a lower base, while seasoned professionals with a strong network can significantly outpace the average.
Experience-Level Breakdown (Lewisville Metro Area)
| Experience Level | Typical Years in Career | Estimated Annual Income Range | Key Focus Areas |
|---|---|---|---|
| Entry-Level | 0 - 2 years | $35,000 - $55,000 | Lead generation, learning local markets, building a client base. |
| Mid-Career | 2 - 5 years | $55,000 - $85,000 | Referral business, specialized niches (e.g., first-time buyers), efficiency. |
| Senior-Level | 5 - 10 years | $85,000 - $120,000+ | High-value listings, investor networks, team leadership. |
| Expert/Top Producer | 10+ years | $120,000 - $200,000+ | Luxury market, commercial real estate, brokerage ownership. |
Comparison to Other Texas Cities
Lewisville's position is competitive, especially when factoring in cost of living. While Austin and Dallas command higher median salaries, their living expenses are also steeper. Lewisville offers a balance.
| City | Median Salary (Real Estate Agent) | Cost of Living Index (US Avg=100) |
|---|---|---|
| Lewisville, TX | $62,088 | 103.3 |
| Dallas, TX | $65,200 | 104.5 |
| Austin, TX | $68,500 | 118.0 |
| Houston, TX | $63,900 | 102.0 |
Insider Tip: Don't just chase the highest median salary. A Dallas-based agent might earn more on paper but spend more on gas, time in traffic, and higher office rent. Lewisville's central location allows you to serve clients in Denton, Collin, and Dallas counties from a more affordable home base.
๐ Compensation Analysis
๐ Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
Income is one thing; disposable income is another. Let's break down the monthly budget for a Real Estate Agent earning the median salary of $62,088. As an independent contractor, you're responsible for all taxes (self-employment tax, federal, state), health insurance, and business expenses.
- Gross Annual Income: $62,088
- Estimated Taxes (25-30%): ~$15,500 - $18,600 (This includes a rough estimate for self-employment tax, federal, and state. Consult a CPA for your specific situation.)
- Estimated Net Annual Income (after taxes): ~$43,500 - $46,600
- Monthly Net Income: ~$3,625 - $3,880
Monthly Budget Breakdown (Single Agent, No Dependents)
| Expense Category | Estimated Monthly Cost | Notes |
|---|---|---|
| Rent (1BR Average) | $1,291 | Lewisville's average. Varies by neighborhood. |
| Utilities (Avg.) | $150 | Electricity, water, internet, trash. |
| Groceries | $350 | For one person. |
| Health Insurance | $450 | A major expense for self-employed individuals. |
| Car Payment & Insurance | $500 | Essential for covering the metro area. |
| Gas & Vehicle Maintenance | $250 | High mileage is expected. |
| Business Expenses (MLS, E&O, Marketing, etc.) | $400 | Averages to ~$4,800/year. |
| Total Estimated Expenses | $3,391 | |
| Remaining (Savings/Discretionary) | $234 - $489 |
Can they afford to buy a home?
With a net monthly income of $3,625 - $3,880 and estimated expenses of $3,391, the margin for savings is tight. After setting aside for business expenses and life, a down payment for a home will take disciplined saving. The median home price in Lewisville is approximately $350,000. A 20% down payment is $70,000. While possible, it's a significant hurdle for an agent in their first few years. Many agents choose to rent initially to maintain liquidity for business expenses and savings.
๐ฐ Monthly Budget
๐ Snapshot
Where the Jobs Are: Lewisville's Major Employers
While most Real Estate Agents are independent, understanding the local employment landscape is crucial. Home buyers and sellers are tied to these employers. Stable jobs mean a stable housing market.
- Medical City Lewisville: A major hospital and healthcare complex. This is a consistent source of relocations, as medical professionals are often highly mobile and seek housing close to work.
- Lewisville Independent School District (LeISD): One of the largest employers in the area. Teachers, administrators, and staff form a significant portion of the local workforce looking for affordable housing within the district.
- Fluor Corporation: A global engineering and construction firm with a large campus in Irving, but a significant number of employees live in Lewisville due to the commute along I-35E. This brings in high-income professionals.
- Republic National Distributing Company (RNDC): A major beverage distributor with a large distribution center in the Lewisville area, providing numerous logistics and management jobs.
- AT&T (Dallas proximity): While not in Lewisville proper, AT&T's massive campus in nearby Plano/Dallas is a primary employer for Lewisville residents. The DART Orange Line connects Lewisville to this job hub.
- Lewisville Economic Development Corporation (LEDC): Focused on attracting new businesses. Watch for announcements from companies expanding or moving into the Lewisville 121 Business Park or the Castle Hills development.
Hiring Trends: The Lewisville area is seeing growth in logistics, healthcare, and professional services. The 10-Year Job Growth in the metro is projected at 3%. While not explosive, it's steady and supports a healthy real estate market. The presence of 267 major employers in the metro provides a diverse, stable foundation.
Getting Licensed in TX
Texas has specific requirements for real estate licensure. The process is straightforward but requires an investment of time and money.
Steps to Licensure:
- Education: Complete 180 hours of pre-licensing education from a TREC-approved school. This includes:
- Real Estate Principles (60 hours)
- Real Estate Law (30 hours)
- Real Estate Finance (30 hours)
- Real Estate Appraisal (30 hours)
- Real Estate Brokerage (30 hours)
- Background Check: Submit fingerprints for a background check through the Texas Department of Public Safety (DPS) and the FBI.
- Exam: Pass the Texas Real Estate Salesperson Exam, administered by Pearson VUE.
- Application: Submit your application for licensure to the Texas Real Estate Commission (TREC) along with your exam results, background check, and fees.
Estimated Costs:
- Pre-Licensing Education: $400 - $700 (online schools are often cheaper).
- Exam Fee: $43 (paid to Pearson VUE upon scheduling).
- Background Check: ~$50 (paid to DPS/FBI).
- License Application Fee: $205 (paid to TREC).
- Total Estimated Upfront Cost: $698 - $998
Timeline: From starting your coursework to receiving your license can take as little as 3-4 months if you are dedicated. The biggest variable is how quickly you schedule and pass your exam.
Best Neighborhoods for Real Estate Agents
Where you live affects your commute, your networking opportunities, and the type of clients you'll naturally attract.
Old Town Lewisville: The historic heart of the city. You'll find walkable streets, local cafes, and a strong community feel. It's great for agents who want to be involved in local events and serve the established, older-home market.
- Rent Estimate: $1,100 - $1,450/month (for older 1BR/2BR apartments or small homes).
- Commute: Central to everything in Lewisville.
Castle Hills: A master-planned community in the southwest corner of Lewisville. Highly desirable for families, with top-rated schools, parks, and amenities. As an agent, living here immediately connects you with a premium market.
- Rent Estimate: $1,400 - $1,800/month (modern apartments and townhomes).
- Commute: Easy access to I-35E and Sam Rayburn Tollway (SH-121).
The Vineyards: A quieter, established neighborhood with larger homes and mature trees. It's located near Lewisville Lake, offering a more suburban, nature-focused lifestyle. Good for agents targeting move-up buyers.
- Rent Estimate: $1,300 - $1,600/month (for rental houses).
- Commute: A bit further from the main highways but peaceful.
South Lewisville (near FM 3040): This area is seeing new apartment complexes and is more affordable. It's a great starting point for new agents who need to keep costs low while being close to the action.
- Rent Estimate: $1,150 - $1,350/month.
- Commute: Direct access to I-35E for commuting to Dallas or Fort Worth.
The Long Game: Career Growth
Your first sale is just the beginning. Long-term success in Lewisville requires strategy.
Specialty Premiums:
- Luxury Market: The Castle Hills, Valley Ranch, and lakefront properties offer significant commission potential. This requires high-end marketing and a polished network.
- Investment Properties: With Lewisville's growing rental market (driven by the average 1BR rent of $1,291/month), there's demand for agents who understand cash flow, cap rates, and the local investor community.
- Relocation Specialist: Partnering with corporate HR departments (like Fluor or Medical City) can provide a steady stream of clients.
Advancement Paths:
- Team Leader: After building a strong personal brand, you can build a team, taking a percentage of your agents' commissions while providing training and leads.
- Brokerage Owner: With experience (typically 3-5 years) and additional education, you can obtain a broker's license and open your own firm. This offers the highest ceiling but also the most responsibility.
- Property Management: Leveraging your real estate license to manage rental properties can provide a stable, recurring income stream.
10-Year Outlook:
With a 10-Year Job Growth of 3%, Lewisville isn't a boomtown, but it's a stable, growing market. The continued expansion of DFW and its suburbs will keep demand steady. Agents who adapt to technology, build a strong local network, and specialize will continue to thrive.
The Verdict: Is Lewisville Right for You?
Pros and Cons for a Real Estate Agent
| Pros | Cons |
|---|---|
| Central Location: Easy access to Dallas, Fort Worth, and the major employment hubs of Plano/Frisco. | High Competition: The Dallas-Fort Worth metro is one of the most competitive real estate markets in the country. |
| Affordable Cost of Living: More affordable than Dallas, Austin, or Frisco, allowing for a better quality of life. | Traffic: I-35E is notoriously congested during peak hours. Your commute and client showings can be unpredictable. |
| Diverse Housing Stock: From affordable apartments to luxury estates in Castle Hills, there's a market for every agent. | Saturation: You'll need a strong niche or marketing strategy to stand out from the crowd of agents. |
| Stable Employment Base: Major employers in healthcare, education, and logistics provide a steady stream of potential clients. | Suburban Feel: If you're looking for a dense, urban environment, Lewisville's sprawling, suburban layout might not appeal. |
Final Recommendation:
Lewisville is an excellent choice for a Real Estate Agent who is strategic, self-motivated, and values a balanced lifestyle. It's ideal for:
- New agents who can start with a lower cost of living while learning the DFW market.
- Experienced agents looking to escape the intense competition or high costs of Dallas/Austin proper without sacrificing access to clients.
- Agents who specialize in family-oriented neighborhoods, investment properties, or the lakefront market.
If you're willing to hustle, build genuine local connections, and navigate the traffic, Lewisville offers a solid foundation for a sustainable and profitable real estate career.
FAQs
1. Do I need a car to be a Real Estate Agent in Lewisville?
Absolutely. Lewisville is a car-dependent city. While DART has a station, covering client showings across Denton, Collin, and Dallas counties requires a reliable vehicle. Expect to drive significant mileage.
2. How competitive is the Lewisville market for new agents?
It's competitive, but not impenetrable. The key is to hyper-localize your focus. Instead of being a "Lewisville agent," become the go-to expert for a specific neighborhood or community (e.g., "The Castle Hills Specialist"). Join the MetroTex Association of Realtors to access the MLS and network.
3. What's the best way to generate leads in Lewisville?
While Zillow and other portals are useful, local networking is more effective long-term. Build relationships with local lenders, title companies, and inspectors. Attend Lewisville Chamber of Commerce events. Sponsor a local youth sports team. Community involvement builds trust that online ads can't match.
4. Is it better to join a large franchise brokerage or a local boutique in Lewisville?
Both have merits. Large brokerages (e.g., Keller Williams, RE/MAX) offer extensive training, brand recognition, and resources. Local boutiques often provide more hands-on mentorship and a tighter-knit culture. Interview with several to see which culture fits your personality and goals.
5. How do property taxes impact my clients in Lewisville?
Property taxes are a major consideration for buyers. Lewisville is in Denton County, and tax rates can vary. In 2022, the average property tax rate in Denton County was around 2.15%. For a $350,000 home, that's approximately $7,525 per year, or $627 per month. This must be factored into the monthly housing payment (PITI). Always advise your clients to consult with a tax professional for specific calculations.
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