Housing-News-Report-February-2017

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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