Amazon HQ2: Dallas Ranked No. 11 For Housing, Quality Of Life

DALLAS, TX — Dallas has the 11th best real estate market among 20 finalists for Amazon's second headquarters.

ATTOM Data Solutions, which analyzes numbers about the housing market, ranked Dallas' real estate market No. 11 among the finalists, beating out Washington D.C., New York and Boston in the rankings.

Dallas had the tenth cheapest housing prices but the overall highest five-year home price appreciation percentage, the study found. The city also ranked eighth best when it comes to affordability, calculated using price to income ratio.

The ATTOM study said the Amazon project could be a "game changer" for the local economy and housing market, especially if the online retail giant decided to settle in the Washington D.C. or Virginia area. It could bring as many as 50,000 jobs to the area, as well as a higher demand for more housing.

Here's a full breakdown of Dallas' scores:

• Overall real estate rank: 11
• Q4 2017 median home price: $284,619
  • Rank: 10th lowest
• 5-Year home price appreciation: 246 percent
  • Rank: Highest
• Price to income ratio: 5.21
  • Rank: 8th lowest
• Average school score: 0.93
  • Rank: 10th highest
• Crime rate to national average: 194
  • Rank: 12th lowest
• Effective property tax rate: 2.23 percent
  • Rank: 2nd highest (Texas property taxes are high in lieu of income tax, which the state lacks)
• Environmental hazard risk index: 3.55
• Rank: 11th highest

Amazon considered more than 200 proposals from various countries before announcing the Triangle as a finalist in February. Arlington tried to woo Amazon but failed to make the cut.

Click here to see how other cities ranked on the chart.

Photo credit: David Ryder/Getty Images