Houston tenth-best metro to be a first-time homebuyerHouston tenth-best metro to be a first-time homebuyerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=252122020-11-19T06:00:00Z2020-11-19T20:00:00Z

​​​​​​​WASHINGTON – Houston has ranked tenth on the American Enterprise Institute (AEI) Housing Center's list of the best metro areas for first-time homebuyers (FTB) in 2019. 

AEI ranked the 50 largest metros using the ratio of home prices to income for each individual FTB.

Last year, Houston had a median FTB home price of $238,000. Its FTB​​ gross annual income was $78,000. This gives the metro a 3.0 affordability ratio.

No. 13 San Antonio, No. 19 Dallas, and No. 25 Austin had FTB affordability ratios of 3.1, 3.3, and 3.4​, respectively.

Pittsburgh ranked first with an FTB affordability ratio of 2.5. 

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American Enterprise Institute
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