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Texas Ranks High in Home Affordability by Jerald Turboff

9/18/2015

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Texas is home to some of the nation’s most affordable housing, according to new real estate research. The state ranked in the top 10 in housing affordability in a recent national survey that looked at home prices across the United States. Only eight states, Nebraska, Iowa, Georgia, Kansas, North Dakota, South Dakota, Mississippi, and Oklahoma, rated ahead of the Lone Star State. The state’s average list price for a four-bedroom, two-bathroom home stands at $186,144.

Within Texas, several cities rated high in affordability, including Terrell, which ranked 17th. Six other communities—Garland, Alvarado, Kaufman, Hartland, Duncanville, and Lancaster—rated among the nation’s 100 most affordable. The large cities of Dallas and Houston ranked 585 and 613, respectively.

The national study compared the average price of four-bedroom, two-bathroom homes for sale in 2,500 markets in the United States.

About Jerald Turboff: The President of Prime Capital Corporation, Jerald Turboff has spent more than four decades in the Texas real estate industry.                             
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