Even With Recent Increases DFW Still Has A Slight Edge In Home Affordability

Even With Recent Increases DFW Still Has A Slight Edge In Home Affordability

While residential prices have shot higher in North Texas in recent years, Dallas-Fort Worth homes are still more affordable than the U.S. average, according to a new report by Realtor.com.  The Internet real estate marketing operation compared median home prices and annual income levels in more than a dozen major U.S. markets.  In the D-FW area, it takes just under 26 percent of median income to afford a mid-priced house, Realtor.com found.  That compares with a 27.6 percent income to home cost ratio in all the major markets included in the study.  The least affordable markets were San Francisco, where buying a home requires 72 percent of median income, and San Diego at 57 percent.  The most affordable home markets were in Detroit, 13.24 percent, and St. Louis, 18.09 percent.  “Over the last 10 years, we have seen marketplace gyrations ranging from bubble to burst to recovery to stabilization, and we are now seeing a market of extremes on the affordability front,” Jonathan Smoke, chief economist for Realtor.com, said in the report.

  • Dallas Morning News, March 24, 2015

For more information, please contact me or visit my website:

Chris Boyington, Realtor, ABR

U.S. Army Veteran

Homes For Heroes
Halo Realty Group
214-598-0221 cell



HGR LEADS Headshot
Phone: 214-239-1889
Dated: April 3rd 2015
Views: 604
About HGR: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Mar 24 2018 5156 1 - According to the National
Feb 22 2018 5156 1 - Millennials, which is the
Homes Selling At Or Above Asking Price Nearly Triples In 2017 - Home price indexes took a major
4 Steps To Save For A Mortgage Down Payment - Buying a home is one of the

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Halo Group Realty
825 Watters Creek Blvd. Suite 230
Allen, TX

Other Locations