Marcus Hiles Explains Successful Formula For Attracting Millennial Renters

Marcus Hiles Explains Successful Formula For Attracting Millennial Renters
Marcus Hiles Explains Successful Formula For Attracting Millennial Renters

Based on U.S. Census Bureau data, rental search website RENTCafĂ© conducted an analysis of the 100 largest cities in the nation, pitting median incomes and rent figures to list the most affordable U.S. cities for renting. According to the results, three cities in north Texas – Plano, Irving, and Garland – placed in the top 15 most affordable for renters, with tenants keeping on average as much as $43,000 after all living expenses. Dallas and El Paso, followed closely by Austin and San Antonio, provide income to rental price statistics that are impressive as well. Marcus Hiles, citing ATTOM Data Solutions’ 2017 Rental Affordability Report, concluded that in Dallas/Fort Worth, renting is consistently more cost effective than buying a house, a trend that looks to continue this year as mortgage rates and market prices continue to rise. Additional Texas cities ranking in the top 50 were Houston, Corpus Christi, and Fort Worth, where residents spending slightly over 30 percent of their income each month on rent.

Read more: http://finance.yahoo.com/news/marcus-hiles-affordability-texas-luxury-051500493.html