Marcus HIles Notes US Census Stats Ranking Affordable Texas Cities

Marcus HIles Notes US Census Stats Ranking Affordable Texas Cities

Based upon U.S. Census Bureau statistics, apartment search website RENTCafé did an examination of the 100 largest cities in the nation, comparing average incomes to rent prices to determine the most affordable U.S. places to reside. They found three north Texas cities – Plano, Irving, and Garland – were among the top 15 best cities for affordability, with residents retaining on average approximately $43,000 after all living costs. Dallas and El Paso ranked just above Austin and San Antonio, also showing impressive income to rental price ratios. ATTOM Data Solutions’ 2017 Rental Affordability Report led Marcus Hiles to note that Dallas/Fort Worth already are places where renting is more cost efficient than owning a home, a trend that looks to continue past 2017 as mortgage rates and home prices continue to rise. Other Texas spots scoring in the top 50 were Houston, Corpus Christi, and Fort Worth, with residents spending just over 30 percent of their monthly income on rent.

Read more: http://markets.financialcontent.com/mi.adn/news/read/33671432/Marcus_Hiles_