Rent vs Buy in Texas
Compare 54 cities across Texas. Find out whether renting or buying makes more financial sense in your area.
54cities analyzed
Avg Home:$311,920
Avg Rent:$1,530/mo
Avg Price/Rent:16.8
Texas Housing Market Summary
54
Cities Analyzed
0
Favor Buying
53
Favor Renting
1
Toss-Up
Across Texas's 54 analyzed cities, the majority (53 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Texas.
The average home price in Texas is $311,920, with average rents at $1,530/month. This gives an average price-to-rent ratio of 16.8.
$Most Affordable Cities
$$Most Expensive Cities
All Texas Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Houston | $277,739.66 | $1,583.64 | 14.6 | N/A | Rent |
| San Antonio | $252,852.54 | $1,362.1 | 15.5 | N/A | Rent |
| Dallas | $303,489.84 | $1,635.42 | 15.5 | N/A | Rent |
| Austin | $467,178.32 | $1,595.22 | 24.4 | N/A | Rent |
| Fort Worth | $316,863.36 | $1,616.41 | 16.3 | N/A | Rent |
| Arlington | $316,863.36 | $1,616.41 | 16.3 | N/A | Rent |
| Corpus Christi | $220,430.59 | $1,427.89 | 12.9 | N/A | Rent |
| Plano | $489,436.57 | $1,731.54 | 23.6 | N/A | Rent |
| Laredo | $211,662.4 | $1,286.43 | 13.7 | N/A | Rent |
| Lubbock | $208,878.83 | $1,307.7 | 13.3 | N/A | Rent |
| Garland | $303,489.84 | $1,635.42 | 15.5 | N/A | Rent |
| Irving | $303,489.84 | $1,635.42 | 15.5 | N/A | Rent |
| Amarillo | $142,946.88 | $1,001.76 | 11.9 | N/A | Rent |
| Brownsville | $200,348.74 | $1,446.17 | 11.5 | N/A | Rent |
| McKinney | $489,436.57 | $1,731.54 | 23.6 | N/A | Rent |
| Pasadena | $277,739.66 | $1,583.64 | 14.6 | N/A | Rent |
| McAllen | $189,061.28 | $1,124.02 | 14.0 | N/A | Rent |
| Carrollton | $303,489.84 | $1,635.42 | 15.5 | N/A | Rent |
| Midland | $324,570.49 | $1,577.53 | 17.1 | N/A | Rent |
| Waco | $253,965.49 | $1,483.97 | 14.3 | N/A | Rent |
| Denton | $439,640.96 | $1,679.7 | 21.8 | N/A | Rent |
| Abilene | $203,463.16 | $1,651.36 | 10.3 | N/A | Toss-up |
| Round Rock | $402,355.72 | $1,550.31 | 21.6 | N/A | Rent |
| Richardson | $303,489.84 | $1,635.42 | 15.5 | N/A | Rent |
| Odessa | $244,505.87 | $1,549.58 | 13.1 | N/A | Rent |
| Lewisville | $439,640.96 | $1,679.7 | 21.8 | N/A | Rent |
| League City | $313,374.51 | $1,566.89 | 16.7 | N/A | Rent |
| El Paso | $225,562.43 | $1,503.81 | 12.5 | N/A | Rent |
| Wichita Falls | $163,787.22 | $1,182.85 | 11.5 | N/A | Rent |
| Allen | $489,436.57 | $1,731.54 | 23.6 | N/A | Rent |
| Tyler | $266,235.67 | $1,401.53 | 15.8 | N/A | Rent |
| Edinburg | $189,061.28 | $1,124.02 | 14.0 | N/A | Rent |
| San Angelo | $242,153.93 | $1,404.39 | 14.4 | N/A | Rent |
| Frisco | $489,436.57 | $1,731.54 | 23.6 | N/A | Rent |
| Mesquite | $303,489.84 | $1,635.42 | 15.5 | N/A | Rent |
| Killeen | $249,732.27 | $1,313.52 | 15.8 | N/A | Rent |
| Beaumont | $168,527.71 | $1,265.38 | 11.1 | N/A | Rent |
| Sugar Land | $379,030.86 | $1,915.84 | 16.5 | N/A | Rent |
| Pearland | $315,716.16 | $1,807.67 | 14.6 | N/A | Rent |
| College Station | $307,212.08 | $1,965.78 | 13.0 | N/A | Rent |
| The Woodlands | $345,418.42 | $1,695.57 | 17.0 | N/A | Rent |
| Leander | $402,355.72 | $1,550.31 | 21.6 | N/A | Rent |
| New Braunfels | $430,128.92 | $1,535.76 | 23.3 | N/A | Rent |
| Conroe | $345,418.42 | $1,695.57 | 17.0 | N/A | Rent |
| Pflugerville | $467,178.32 | $1,595.22 | 24.4 | N/A | Rent |
| Georgetown | $402,355.72 | $1,550.31 | 21.6 | N/A | Rent |
| San Marcos | $370,346.81 | $1,591.22 | 19.4 | N/A | Rent |
| Flower Mound | $439,640.96 | $1,679.7 | 21.8 | N/A | Rent |
| North Richland Hills | $316,863.36 | $1,616.41 | 16.3 | N/A | Rent |
| Temple | $249,732.27 | $1,313.52 | 15.8 | N/A | Rent |
| Longview | $215,293.58 | $1,233.5 | 14.5 | N/A | Rent |
| Cedar Park | $402,355.72 | $1,550.31 | 21.6 | N/A | Rent |
| Baytown | $277,739.66 | $1,583.64 | 14.6 | N/A | Rent |
| Pharr | $189,061.28 | $1,124.02 | 14.0 | N/A | Rent |
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