"Texas has welcomed a number of residents from less affordable parts of the country looking to get more for their money - and they may be on to something. Texas is becoming more than just a temporary escape from high costs on the way to homeownership;many of its cities can actually retain residents thanks to other assets that extend beyond sheer affordability."
""Texas cities in the top 10, like McKinney, Frisco, Richardson, Denton, and Allen, stand out because they score well in both the real estate market and the affordability and economic environment dimension," WalletHub analyst Chip Lupo told Business Insider. "The rankings reflect strong performance across factors such as median home-price appreciation, job growth, and the share of newer housing, all of which contribute to long-term stability.""
WalletHub ranked 300 U.S. cities on real estate market health and affordability/economic environment using 17 metrics. The evaluation considered median home-price appreciation, job growth, unemployment rates, and the share of newer housing to assess value potential and market economics. Texas captured five of the top 10 spots, with McKinney, Frisco, Richardson, Denton, and Allen scoring well across both dimensions. Many Texas cities offer lower taxes and greater affordability compared with large coastal metros, and midsize populations appeared most likely to show strong market health and long-term stability.
Read at Business Insider
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