Solid financial foundation
Bummed out about rising home prices in Dallas-Fort Worth? Then you might want to check out the Tarrant County suburb of Everman. Realtor.com just named Everman among the 11 most affordable suburbs in the country’s 11 largest metro areas.
“Everman feels a lot more like a small town than a traditional suburb in sprawling subdivisions,” Realtor.com says. “With just over 6,300 residents, it’s the type of place where you might run into a couple of people you know while filling your gas tank or picking up groceries.”
Realtor.com pegs the median home price in Everman at $183,500. By comparison, the median home price across DFW stood at $265,000 at the end of 2018, according to Texas Realtors.
Buyers in Everman “can get a three-bedroom brick home on a cul-de-sac here for just $150,000,” Realtor.com says. “There are a few destination-stop restaurants, but for entertainment options most folks decamp to nearby Fort Worth, under 20 minutes away, or to Dallas.”
To find the top affordable suburbs, Realtor.com started by looking at suburban ZIP codes in the 11 largest metro areas. Next, it filtered out places with violent crime rates above 50 on an index of 100 from Sperling’s Best Places. Realtor.com also eliminated places where rush-hour commutes to the city centers surpassed one hour. Finally, the website ranked the remaining ZIP codes by median list prices between April 2018 and March 2019.
In the Houston area, Realtor.com gave the suburban nod to Galena Park, where the median home price is listed as $119,300. By contrast, the median price in the Houston area was $235,000 at the end of 2018, according to Texas Realtors.
“Galena Park’s draw is its prime location. It’s just 25 minutes from downtown Houston and a short drive from all of those oil business gigs along the Gulf of Mexico,” Realtor.com says.
“Known for its good school system and family-friendly community, Galena Park offers lots of 1,000- to 2,000-square-foot ranches built in the ’40s and ’50s. That’s a lot smaller than many of the new homes going up around Houston. But with price tags under $130,000, it’s hard to complain.”