Four Texas Cities Rank On Affordability For First Time Buyers

Four Texas Cities Rank On Affordability For First Time Buyers

Buying a home for the first time is an exciting and important milestone for many Americans. As such, first-time home buyers must carefully consider a number of factors — what they want and need relative to what they can afford, for instance — before diving to the deep end of real estate. July is one of our hottest months for homes sales and more then one third of those buyers is said to be first time buyers.

A recent study by WalletHub study looked at 300 cities of varying sizes and rated them according to 23 key metrics. The metrics fell under three main categories: Affordability, The Real Estate market itself and quality of life.

Each metric was weighted evenly across all metrics to calculate the total score on a scale of one to 100. No surprise some of the best cities for homebuyers are in the south, or more specifically, Dallas. with four of the top 10 best cities for Millennials . 

7. Richardson, Texas – 66.32

Affordability rank: 179

Real-estate market rank: 5

Quality of life rank: 12

3. Allen, Texas – 68.15

Affordability rank: 151

Real-estate market rank: 6

Quality of life rank: 3

2. Frisco, Texas – 68.2

Affordability rank: 175

Real-estate market rank: 2

Quality of life rank: 5

1. McKinney, Texas – 68.32

Affordability rank: 191

Real-estate market rank: 1

Quality of life rank: 7

Annette Bruen Headshot
Phone: 972-977-3221
Dated: July 18th 2017
Views: 153

Property Search

RSS Feed

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

Search Blog

Recent Blogs

This Pergola could be yours Comes with House on 1 acre - Imagine having your morning coffee
Hot Sellers Market - All indications are that the DFW
Have You Outgrown Your Starter Home? - http://www.simplifyingthemarket/
Frisco TX Condo vs Townhouse: What’s The Difference? - Frisco TX Condo vs Townhouse: What

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

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX