Dallas Ranks as Least Affordable Housing Market in North Texas, While Garland Most Affordable in DFW

Dallas is the least affordable city for housing in North Texas and 2nd least affordable in the state according to a RealtyHop study.
The median asking price in Dallas is $374,000 and families earning the average income spend 40% on mortgage/property tax.
Garland is the most affordable market in DFW metro with a median asking price of $310,000.
Plano and Fort Worth became less affordable this month with median prices rising 2.9% and 3.4% respectively.
Austin is the 19th least affordable market nationally with median home price of $549,900 and families spending 43% of income on payments.

wfaa.com

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8/24/2023

The 15 best U.S. cities for first-time homebuyers—the top 3 are in Texas

Texas is a favorable location for first-time homebuyers, with five cities, including Killeen, ranking among the top 15 due to affordability, growth potential, and a higher percentage of young residents.