Apartment finding website RENTCafé used U.S. Census statistics to conduct a study of the 100 largest cities in the country, comparing median incomes to rent figures to examine the most affordable U.S. cities to call home. Based on their results, three north Texas cities – Plano, Irving, and Garland – fall among the top 15 best places for renters, with tenants retaining on average up to $43,000 after all bills. Dallas, El Paso, Austin, and San Antonio also deliver respectable income to rental price ratios. Discussing ATTOM Data Solutions’ 2017 Rental Affordability Report, Marcus Hiles concluded that renting is already more cost efficient than owning a house in Dallas/Fort Worth, and is expected to continue throughout 2017 as mortgage rates and home prices continue to spike. Rounding out Texas’ placings in the top 50 were Houston, Corpus Christi, and Fort Worth, where residents spent slightly over 30 percent of their income per month on housing.
Marcus Hiles Notes Three Texas Cities Among Nation’s 15 Most Affordable