The good news is that Dallas doesn't have anywhere close to the most expensive housing in the country. The bad news is our home prices are still far from cheap — and costs are rising, a new report from mortgage trend researchers at HSH.com found. According to the report, you need to earn $54,764 a year to afford a median-priced home in Dallas-Fort Worth, up $2,938 from last quarter. That increase stems from rapidly rising housing prices: The median home cost $232,000 during the most recent financial quarter, which is a 10.5 percent increase from last quarter and a 7.9 percent increase since the same time last year. D-FW ranked near the middle of the pack for affordability, compared with 26 other metro areas around the country. Affordability here came in just above Baltimore and just below Philadelphia.
- Dallas Morning News, August 24, 2016