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

With 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.):

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

For the full report, please visit WalletHub.