Gay and lesbian neighbourhoods play a pivotal role as places of safety, empowerment and visibility for gay and lesbian individuals. Using over 9000 real estate listings from the gay- and lesbian-oriented Dallas Voice newspaper, our paper uses spatial statistical methods to explore the location of gay and lesbian neighbourhoods in the Dallas-Fort Worth Metropolitan Statistical Area (MSA). With data spanning the years 1986 to 2012, we examine how gay and lesbian real estate hot spots have changed over time. Advertisers consistently listed rental properties in the primary gay neighbourhood of Oak Lawn in central Dallas. However, for-sale property listings tell another story; hot spots expanded considerably from the traditional gay neighbourhoods of Oak Lawn and Oak Cliff to include a number of adjacent neighbourhoods through the mid-2000s, then contracted during the late 2000s. We conclude that while adjacent neighbourhoods have become hot spots in recent years, the gay- and lesbian-oriented real estate market continues to focus on traditional gay and lesbian enclaves in central Dallas.