Recent reports show that Texas home prices have remained high, even after the pandemic peaks. That has folks worrying, "Can I afford a home in Texas these days?" Yes! You just have to know where to look.
Austin and Dallas top the list as the two “least affordable” cities in Texas. In fact, Austin is #19 on the list of top 20 least affordable cities across the U.S. But that doesn’t mean buying a home in the Lone Star State is impossible!
If you’re looking for a more affordable metro area, Garland, TX, is considered the most affordable option. Plano is also growing in popularity as an affordable housing market, and Irving has seen prices dip, as well.
But you may be surprised to learn that Texas boasts a city with the best housing market for first-time buyers in the country! Killeen, just 70 miles north of Austin, has earned this distinction and is sure to be the next big market in Texas. Additionally, Texas is also home to the #2 and #3 best places in the U.S. for first-time homebuyers: Wichita Falls and McAllen round out the top three.
So it isn’t all bad news! If you’re on the hunt for a new home, there are still affordable gems out there - you just have to know where to look. And working with a local lender who knows the Texas market can prepare you to move quickly when the right home becomes available. Get pre-approved with Texas United Mortgage today to get started!
