Salary needed for $249,000 median-price homeSalary needed for $249,000 median-price homehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=184672017-11-30T06:00:00Z2017-11-30T21:55:00Z

​​​DALLAS-FORT WORTH – A DFW household has to have more than $59,500 in annual income to qualify to purchase a median-price home in the area, according to a new report by HSH.com.

The study is based on buying a median-price house of $249,000 and making a 20 percent down payment.

HSH.com estimates that a monthly payment for a mid-priced DFW home will be about $1,388, based on a 20 percent down payment.

While Dallas-Fort Worth home price gains are no longer in double-digit territory, North Texas still has some of the fastest-growing housing costs in the nation.

Home purchase prices are up about 9 percent in 2017 compared with a year earlier.​Image of top 25 MSA's Minimum income needed to get a medium prices home

Dallas Morning News
Dallas-Fort Worth-Arlington

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