Marcus Hiles Notes Three Texas Cities Among Nation’s Best For Young Renters

Marcus Hiles Notes Three Texas Cities Among Nation’s Best For Young RentersMarcus Hiles Notes Three Texas Cities Among Nation’s Best For Young Renters

Apartment search website RENTCafé used U.S. Census data to conduct a study of the 100 largest cities in the nation, comparing median incomes to rent figures to examine the most affordable U.S. cities to live in. Based on their results, three north Texas cities – Plano, Irving, and Garland – are among the top 15 best places for renters, with citizens retaining on average as much as $43,000 after all bills. Dallas and El Paso, in addition to Austin and San Antonio, also achieved respectable income to rental price ratios. Pointing to ATTOM Data Solutions’ 2017 Rental Affordability Report, Marcus Hiles noted that renting is already more cost efficient than owning a house in Dallas/Fort Worth, a trend that is expected to continue throughout 2017 as mortgage rates and home prices continue to climb. Rounding out the Texas metros placing in the top 50 were Houston, Corpus Christi, and Fort Worth, where residents spent slightly over 30 percent of their income each month on housing.

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