Friday, January 10, 2020 / by Scott Shine
Buying More Affordable Than Renting in Bell County!
January 10, 2020
(ATTOM Data Solutions) – Buying a three-bedroom property is affordable in 455 of the 855 U.S. counties analyzed in ATTOM Data Solution's 2020 Rental Affordability Report. However, that is contrary to the trend in Texas, where it is more affordable to rent than buy in more than half of the 57 Texas counties that were analyzed.
Those counties are (in alphabetical order): • Bexar • Brazoria • Brazos • Burnet • Collin • Comal • Dallas • Denton • Fort Bend • Galveston • Guadalupe • Harris • Hays • Henderson • Hidalgo • Hood • Kendall • Kerr • McLennan • Midland • Montgomery • Parker • Randall • Rockwall • Smith • Tarrant • Travis • Walker • Williamson • Wise • Wood • Van Zandt
The counties in which it is more affordable to buy are: • Angelina • Bell • Cameron • Coryell • Ector • El Paso • Ellis • Gregg • Hunt • Jefferson • Johnson • Kaufman • Lamar • Liberty • Lubbock • Navarro • Nueces • Orange • Potter • San Patricio • Taylor • Tom Green • Victoria • Webb • Wichita
The analysis used 2020 rent data from the U.S. Department of Housing and Urban Development, wage data from the Bureau of Labor Statistics, and public record sales deed data from ATTOM. Read last year's list of Texas counties for renting and buying. For more analysis, check out "Purchasing a Home versus Renting and Investing" by Center Research Economist Dr. Harold Hunt and Research Intern Clare Losey.