Wednesday, March 10, 2010
 
What It Measures Minimize

This indicator measures the proportion of single-family homes that fall within a “middle class” price range. The lower end of the range is the value of a home obtainable by a household earning 50% of the area median income (AMI). The upper end of the range is the value of a home obtainable by a household earning 120% of the AMI. For 2006, the middle-class price range for the City of Dallas was $138,446 to $332,271. It is worth noting that in much of the Southern Sector, most homes were valued at less than $138,446, and were therefore not designated as middle-class housing.


Why It's Important Minimize

Neighborhoods need homes that are desirable to middleclass families and the businesses that employ them. Without such housing, both new arrivals and families that move up the income ladder are forced to leave the city to find housing that is simultaneously desirable and affordable.


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