BETTER TO BUY OR RENT IN 2017 Top 20 Markets that are Better to Buy
HOUSINGNEWS REPORT
State
County
MSA
2017 3-Bed Fair Market Rent
Annual Pct Change in Rent
Pct of Avg Wages to Rent
2016 YTD Median Home Price
Annual Pct Change in Home Price
Monthly House Payment
Pct of Avg Wages to Buy
More Afford- able to Buy or Rent?
Illinois
Cook
Chicago-Naperville-Elgin, IL-IN-WI
$1,569
5.0%
31.6% $207,800
9.4%
$1,513
30.5%
BUY
Arizona
Maricopa
Phoenix-Mesa-Scottsdale, AZ
$1,467
3.4%
34.9% $225,000
8.2%
$1,352
32.2%
BUY
Florida
Miami-Dade
Miami-Fort Lauderdale-West Palm Beach, FL
$1,851
3.4%
44.6% $240,000
7.1%
$1,628
39.2%
BUY
California San Bernardino Riverside-San Bernardino-Ontario, CA $1,682
0.6%
46.0% $269,000
7.6%
$1,625
44.5%
BUY
Nevada
Clark
Las Vegas-Henderson-Paradise, NV
$1,476
-1.3%
39.3% $204,500
7.6%
$1,230
32.8%
BUY
Texas
Tarrant
Dallas-Fort Worth-Arlington, TX
$1,426
7.0%
33.9% $196,840
9.9%
$1,305
31.0%
BUY
Michigan
Wayne
Detroit-Warren-Dearborn, MI
$1,296
5.0%
27.5%
$93,000
14.1%
$678
14.4%
BUY
Florida
Broward
Miami-Fort Lauderdale-West Palm Beach, FL
$2,003
5.0%
49.9% $207,500
12.2%
$1,386
34.5%
BUY
Texas
Bexar
San Antonio-New Braunfels, TX
$1,357
4.2%
35.7% $182,221
5.4%
$1,248
32.9%
BUY
Pennsylvania Philadelphia
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD New York-Newark-Jersey City, NY- NJ-PA Miami-Fort Lauderdale-West Palm Beach, FL
$1,515
0.9%
30.4% $130,000
8.3%
$836
16.8%
BUY
New York
Bronx
$2,293
3.1%
56.1% $340,000
2.1%
$2,185
53.5%
BUY
Florida
Palm Beach
$1,878
11.1%
45.0% $225,000
9.8%
$1,598
38.3%
BUY
Ohio
Cuyahoga
Cleveland-Elyria, OH
$1,099
0.7%
25.5% $111,000
11.0%
$860
19.9%
BUY
Florida
Hillsborough Tampa-St. Petersburg-Clearwater, FL
$1,432
1.8%
34.8% $178,000
14.1%
$1,137
27.6%
BUY
Pennsylvania
Allegheny
Pittsburgh, PA
$1,106
0.3%
24.4% $140,000
4.9%
$1,017
22.4%
BUY
Ohio
Franklin
Columbus, OH
$1,208
6.5%
28.2% $154,500
8.0%
$1,141
26.7%
BUY
Florida
Orange
Orlando-Kissimmee-Sanford, FL
$1,409
0.3%
37.5% $192,000
9.7%
$1,240
33.0%
BUY
Minnesota
Hennepin
Minneapolis-St. Paul-Bloomington, MN-WI
$1,636
6.4%
31.2% $236,000
4.0%
$1,594
30.4%
BUY
California
Contra Costa San Francisco-Oakland-Hayward, CA $3,251
36.7%
62.4% $508,750
8.2%
$3,056
58.6%
BUY
Missouri
Saint Louis
St. Louis, MO-IL
$1,268
7.2%
28.1% $156,000
1.2%
$1,085
24.0%
BUY
BUY OR RENT IN 2017? More Affordable to Buy or Rent? BUY
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ATTOM Data Solutions • P20
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