Everyone from Boomers to Zoomers, Buying a Home in Dallas Is Pretty Much Impossible for Most People
No matter their age, aspiring homebuyers in Dallas County have some tough numbers to face.Home prices in the area swelled by more than 25% last year alone, the biggest jump of any market in the country.
A new study from Point2, a prominent real estate research company, bears more grim news for people of almost any age looking to buy a house.the vast majority of baby boomer, millennial and Gen Z buyers can’t afford a home listed at the Dallas-Fort Worth metro area’s median price point of $372,535. Gen Z’s prospects look the worst of any generation: Point2 researchers found that the typical zoomer can’t afford the average-priced home in any of the country’s 100 largest counties. The most this youngest generation can spend on a house on average in Dallas County is about $168,000 - about $200,000 short of the average area home price.
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