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Most affordable housing list includes Texas citiesMost affordable housing list includes Texas citieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=79052013-03-20T12:37:00Z2013-03-20T08:20:00Z

TEXAS - ZipRealty has released a list of the ten most affordable housing markets of 2013.

The evaluation compared median home sale prices in 30 metropolitan areas to median household income levels in those same cities. Those metropolitan areas with the lowest ratios of home price to household income were deemed to be the most affordable areas for purposes of the study.

Most Affordable Housing Markets 2013
Metro Area Median Household
Income
Median Home
Price Feb. 2012*
Home
Price/Median
Income Ratio
Median Home
Price Feb. 2013**
Home
Price/Median
Income Ratio
Dallas-Fort Worth $47,418 $240,000 5.06 $249,950 5.27
Houston $44,761 $234,275 5.23 $243,000 5.43
Minneapolis, Minn. $54,304 $272,000 5.01 $298,642 5.50
Orlando, Fla. $41,871 $241,100 5.76 $246,503 5.89
Las Vegas, Nev. $42,468 $225,000 5.30 $254,000 5.98
Raleigh, N.C. $48,845 $279,945 5.73 $294,500 6.03
Austin $48,950 $285,000 5.82 $300,000 6.13
Denver, Colo. $51,088 $311,000 6.09 $322,616 6.31
Nashville, Tenn. $44,223 $275,000 6.22 $286,000 6.47
Phoenix, Ariz. $44,752 $265,000 5.92 $295,000 6.59

*Three months ending February 1, 2012, year over year
**Three months ending February 1, 2013, year over year

Source: ZipRealty

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