Little Elm has an overall rating of A and ranks as the 69th best place to live in Greater Dallas / Fort Worth. Little Elm ISD has a grade of A-. Texas Education Agency rating for Little Elm.
Little Elm is just west of Frisco and it is difficult to tell where one town ends and the other begins except for in their historic downtown districts.
Some neighborhoods of Little Elm are on the shoreline of Lake Lewisville to the west and have direct access to the lake and the lake's parks, beaches and marinas. Little Elm is one of the rare residential areas where lake-style recreation is right in town.

In some older neighborhoods of Little Elm, it is still possible to pick up a ranch-style home under $180,000, but, these homes are being snapped up for remodeling or flipping at a rapid pace.
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