Looking to relocate somewhere in D-FW where you can afford to buy a home? Well, a recent ranking of more than 40 suburbs in the Metroplex is giving prospective homebuyers a sense of how things are stacking up in the North Texas market. At a glance, it looks like Collin County is running away with it.
The real estate listing website Zoocasa used several metrics to analyze 42 cities (excluding Dallas and Fort Worth) in area, seeing how they measure up when it comes to average home price; 10-year price growth; median household income; year-over-year population growth; and “walk score,” which is a rating based on walkability and proximity to amenities. The metrics were weighted from most important to least in that order.
Collin County had a very strong showing, with half of the top 10-ranked cities located there. More to the point, the top three were Melissa, Celina, and Princeton — all Collin County cities that managed to strike the right balance between home prices and incomes.
No. 1 Melissa’s average home price of $476,813 is not insurmountable with the city’s median income of $137,875, though lower interest rates wouldn’t hurt. Home prices doubled over the course of the last 10 years, and the population still appears to be growing, clocking a 10% increase year over year…