3 Texas metros among the best middle-class housing markets – Beaumont Enterprise

The Austin, Dallas and Houston areas were all ranked in the top five of the best housing markets for middle-class earners. 
Between 2010 and 2020, there were 6.3 million new homeowners in the U.S. Of those homeowners, almost 900,000 were middle-class earners, according to a report from the National Association of Realtors. The report found three of the top five metropolitan areas for middle-income earners were in Texas.
Overall, the Austin-Round Rock metro area came in as the second-best market, with the addition of more than 63,000 middle-class homeowners. Dallas-Fort Worth-Arlington was fourth with more than 53,000 homeowners added, with Houston-The Woodlands-Sugar Land right behind with the addition of more than 52,000 homeowners.
The added homeowners led to tens of billions of dollars added to the aggregate housing wealth in each market as well as increases in the median property value and median income. The Dallas area saw the largest increase of housing wealth at $75 billion and median home value, increasing 59.1% or an added $93,920. 
The San Antonio-New Braunfels and El Paso metro areas also saw middle-class housing market gains, though not as significant as the other Texas cities. The two metros came in as the 32nd- and 39th-ranked markets, respectively. 
The top market for middle-class homeowners was Phoenix-Scottsdale-Mesa. The Arizona metro area added 103,690 middle-class homeowners from 2010 to 2020. 
Many markets saw declines in middle-class homeownership, as well. The New York-Newark-New Jersey City metro saw the largest decrease in homeowners from the middle class, losing more than 100,000. 
The percentage of homeowners who are middle class, making 80% to 200% of the median area income, according to the NAR, declined from 45.5% in 2010 to 43% in 2020. The homeownership rate of middle-class earners also declined over the decade from 78.1% to 69.7%.

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