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:$383,704
Avg Rent:$1,786/mo
Avg Price/Rent:18.0
Texas Housing Market Summary
54
Cities Analyzed
22
Favor Buying
3
Favor Renting
29
Toss-Up
Across Texas's 54 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Texas is $383,704, with average rents at $1,786/month. This gives an average price-to-rent ratio of 18.0.
$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 | $495,000 | $1,950 | 21.2 | 7 yrs | Toss-up |
| San Antonio | $460,000 | $1,850 | 20.7 | 8 yrs | Toss-up |
| Dallas | $505,000 | $2,400 | 17.5 | 7 yrs | Toss-up |
| Austin | $475,000 | $1,800 | 22.0 | 8 yrs | Toss-up |
| Fort Worth | $420,000 | $1,950 | 17.9 | 8 yrs | Toss-up |
| El Paso | $480,000 | $1,800 | 22.2 | 10 yrs | Rent |
| Arlington | $450,000 | $1,950 | 19.2 | 7 yrs | Toss-up |
| Corpus Christi | $375,000 | $1,650 | 18.9 | 7 yrs | Toss-up |
| Plano | $375,000 | $1,900 | 16.4 | 4 yrs | Buy |
| Lubbock | $340,000 | $1,800 | 15.7 | 3 yrs | Buy |
| Irving | $400,000 | $1,600 | 20.8 | 7 yrs | Toss-up |
| Laredo | $425,000 | $1,600 | 22.1 | 12 yrs | Rent |
| Garland | $435,000 | $1,950 | 18.6 | 9 yrs | Toss-up |
| Frisco | $455,000 | $1,800 | 21.1 | 8 yrs | Toss-up |
| Amarillo | $395,000 | $2,000 | 16.5 | 4 yrs | Buy |
| McKinney | $405,000 | $1,900 | 17.8 | 6 yrs | Toss-up |
| Brownsville | $400,000 | $1,650 | 20.2 | 7 yrs | Toss-up |
| Killeen | $420,000 | $2,000 | 17.5 | 7 yrs | Toss-up |
| Pasadena | $410,000 | $1,650 | 20.7 | 8 yrs | Toss-up |
| Mesquite | $370,000 | $2,000 | 15.4 | 4 yrs | Buy |
| Midland | $350,000 | $1,800 | 16.2 | 4 yrs | Buy |
| McAllen | $325,000 | $1,650 | 16.4 | 3 yrs | Buy |
| Carrollton | $390,000 | $1,800 | 18.1 | 7 yrs | Toss-up |
| Denton | $335,000 | $1,900 | 14.7 | 5 yrs | Buy |
| Waco | $330,000 | $1,900 | 14.5 | 5 yrs | Buy |
| Round Rock | $335,000 | $1,650 | 16.9 | 5 yrs | Buy |
| Pearland | $360,000 | $1,850 | 16.2 | 5 yrs | Buy |
| Abilene | $325,000 | $1,600 | 16.9 | 6 yrs | Buy |
| Richardson | $385,000 | $1,850 | 17.3 | 7 yrs | Toss-up |
| College Station | $415,000 | $1,850 | 18.7 | 7 yrs | Toss-up |
| Odessa | $420,000 | $1,700 | 20.6 | 8 yrs | Toss-up |
| Lewisville | $420,000 | $1,550 | 22.6 | 14 yrs | Rent |
| The Woodlands | $385,000 | $1,750 | 18.3 | 9 yrs | Toss-up |
| League City | $345,000 | $1,900 | 15.1 | 3 yrs | Buy |
| Beaumont | $365,000 | $1,500 | 20.3 | 6 yrs | Toss-up |
| Sugar Land | $325,000 | $2,000 | 13.5 | 5 yrs | Buy |
| Tyler | $330,000 | $1,850 | 14.9 | 4 yrs | Buy |
| Allen | $350,000 | $1,550 | 18.8 | 9 yrs | Toss-up |
| Wichita Falls | $370,000 | $1,900 | 16.2 | 6 yrs | Buy |
| San Angelo | $380,000 | $1,600 | 19.8 | 7 yrs | Toss-up |
| Edinburg | $350,000 | $1,950 | 15.0 | 4 yrs | Buy |
| Conroe | $310,000 | $1,850 | 14.0 | 6 yrs | Buy |
| New Braunfels | $385,000 | $1,850 | 17.3 | 7 yrs | Toss-up |
| Baytown | $395,000 | $1,600 | 20.6 | 7 yrs | Toss-up |
| Longview | $315,000 | $1,500 | 17.5 | 9 yrs | Toss-up |
| Temple | $340,000 | $1,800 | 15.7 | 4 yrs | Buy |
| Pharr | $315,000 | $1,550 | 16.9 | 5 yrs | Buy |
| Flower Mound | $315,000 | $1,550 | 16.9 | 5 yrs | Buy |
| Cedar Park | $390,000 | $1,550 | 21.0 | 7 yrs | Toss-up |
| Georgetown | $385,000 | $1,650 | 19.4 | 8 yrs | Toss-up |
| North Richland Hills | $355,000 | $1,800 | 16.4 | 4 yrs | Buy |
| San Marcos | $330,000 | $1,850 | 14.9 | 5 yrs | Buy |
| Pflugerville | $400,000 | $1,800 | 18.5 | 8 yrs | Toss-up |
| Leander | $405,000 | $1,800 | 18.8 | 8 yrs | Toss-up |
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