Allen Makes Top Ten List Of Best Cities For Homeownership In Texas

Allen Makes Top Ten List Of Best Cities For Homeownership In Texas

Allen, Texas was chosen as a top ten city for homeownership in Texas by NerdWallet in a recent analysis that they completed. The findings were generated from information that NerdWallet compiled from the U.S. Census data. Allen was ranked in the top ten in Texas based on the results of the analysis of three (3) key questions. Those questions were as follows:

Are Homes Available? Cities with higher ownership rates tended to score higher overall. Allen had a score of 79.2 percent.

Can You Afford To Live There? The cities with higher median incomes and lower cost of living scored higher in the final analysis. Allen came in with the second highest monthly household median income of $8,497 and the median monthly homeowner costs were $1,915. These numbers resulted in homeowner monthly costs of 22.5 percent as a percentage of their monthly income.

Is The Area Growing? The data from the U.S. Census indicated a growth in population for Allen of 8.4 percent between 2010-2012.

With an overall score of 80.8 percent, Allen was ranked as number 10 in the final results. Residents of Allen can certainly agree and understand why Allen is a great choice when choosing to move your family to the DFW area. It is centrally located for those that work in Dallas, Frisco, Plano and surrounding areas. Great restaurants and shopping are a short drive away with The Villages of Allen and Fairview as well as Watters Creek. State and nationally recognized Allen ISD schools and Friday Night Lights don't shine any brighter than the 18,000 seat Allen Eagle Stadium which is home to the three-time and defending Texas State 5A Football Champion Allen Eagles! Source: NerdWallet http://www.nerdwallet.com/blog/2014/best-cities-homeownership-texas/

Steve Lester is a REALTOR with JP & Associates living in Allen, Texas.
stevelesterhomes@gmail.com
http://stevelesterhomes.net/


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Phone: 940-337-1821
Dated: February 7th 2014
Views: 1,770
About Seana: Seana is a native Texan and has lived all over the Lone Star State. She & her family now call Frisco...

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