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In a new real estate report looking at the most and least expensive cities to buy a house, Austin crumbled, falling near the bottom of the list and below every other Texas city mentioned.


Of the country's 50 biggest cities, Austin fell to 36th place on SmartAsset's "Where the Average Household Can Afford the Most and Least Home–2020 Edition."

Using a home buying calculator, the financial website took the median household income and average non-mortgage debt per city and used it to estimate how much home an average household could afford. From there, cities were ranked based on the area's median home value.

Though fortunately Austin did not top the list of least affordable cities, the city is not doing residents any financial favors. With a median income of $75,413 and $27,193 worth of non-mortgage debt, the average Austinite can afford a home priced at $317,000.

The median house value in Austin is $378,300, making it only 83.8% affordable. Last year, Austin came in 36th place again, though at a 77.4% affordability rate.

With Detroit ranking first and 191.85% affordable and New York City coming in 50th and most expensive at 42.45% affordable, the other Texas cities on the list had a wide range to work with.

In ninth place, El Paso has a 133.23% affordability rate. Fort Worth came in 13th place with a 122.73% affordability rate, followed immediately by San Antonio in 14th place with a 121.57% affordability rate, Arlington in 20th place with 112.25% affordability rate and Houston came in 28th place with a 101.63% affordability rate.

Dallas came in 30th, the only other city not above 100% affordable, with a 92.91% affordability rate.

Austin is not alone though, as 22 of the 50 cities could not afford a house at the median value.

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