Home affordability continues to drop in the Dallas-Fort Worth area, making North Texas an increasingly difficult market for most people to own a home.
The RealtyHop September Affordability Index shows Dallas is 33rd in the 100 most expensive cities. That means it takes 42% of an average family's household income to pay homeownership costs.
Irving is a little better at 39%, good for 41st place. Fort Worth and Arlington are both at 37%.
To no one's surprise, Austin is just about the most expensive. It takes nearly half (about 48%) of a family income to own and maintain a home.
On the other hand, Lubbock is very affordable at 22%.
Nationally, Miami is the most expensive city of all. A typical family looking to own in Miami would need to allocate 86% of its annual income toward homeownership costs.
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