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People in the News

Monday, July 7, 2025

People in the News

Monday, July 7, 2025

Dallas ranked one of the worst cities for 1st time homebuyers

minority homeownershipWith July being one of the top months for home sales and a third of all home buyers also being first-timers, the leading personal finance website WalletHub took an in-depth look at 2015’s Best & Worst Cities for First-Time Home Buyers.

To determine the most favorable housing markets for first-time buyers, WalletHub assessed the real-estate landscape within the 300 U.S. cities. Our data set includes such metrics as housing costs, real-estate tax rates, median home-price appreciation and property crime rates.

Buying a Home for the First Time in Dallas (1=Best; 150=Avg.):

  • 169th – Median Household Annual Income Adjusted for Cost of Living
  • 207th – Housing Affordability
  • 262nd – Real-Estate Tax Rate
  • 27th – Rent-to-Price Ratio
  • 5th – Median Home-Price Appreciation
  • 67th – Average Home Square Footage
  • 210th – Violent Crime Rate
  • 193rd – Property Crime Rate
  • 160th – Total Home-Energy Cost

For the full report, please visit WalletHub.