DFW’s home affordability gap

​​​​​​​DFW – All Dallas-area counties fall below the midpoint line for affordability in the state, according to the Dallas Business Journal‘s analysis of the Real Estate Center’s affordability index. 

Not all ZIP codes are created equally when it comes to affordability.

Most neighborhoods that require a household to make more than $100,000 a year to afford a home lay in the north central part of Dallas County. 

The houses that require the smallest salaries to own a home lie in southern Dallas and Fort Worth.

Fast-growing suburbs like Little Elm, Anna, and Princeton all fall within the middle range of salaries required to own a home. 

To find the minimum salary required to live in each neighborhood, the Business Journal used prevailing mortgage rates and assumed a homebuyer would have a monthly mortgage payment of up to 30 percent of their income. 

​It was also assumed the homebuyer would pay 10 percent of the home’s value as a down payment.