Looking for the most affordable houses in Dallas-Fort Worth area? Feel like Dallas mortgage rates are putting a hole in your pocket? It's not only you that's feeling this. According to arecent Zillow report, they calculated 12.6% of your income will be a house payment.
Lewisville, which comes in as the most costly area to live in the DFW area, comes in at 16.1% of your income. If you're willing to compromise on some things like fewer amenities, upgrades and longer commutes, then you can find affordable pockets to live in Dallas.
Overall, Zillow says that the average mortgage for the US is 14.6%, which makes DFW seem not too bad on a national level.
Grand Prairie will be a little more gentle on your bank account, if you're willing to drive a few miles out. This city is the lowest mortgage burden, coming in at 10.6% of your income.
For those thinking that Texas rates are out-of-control, try living on the West Coast (specifically LA and the Bay Area) where mortgage payments can take up to 75% of your paycheck
The other Texas cities in the study all fall below the national mortgage burden, except for Austin and its costly 20.3% of your income.
Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW.