Houston: Where it makes the most sense to buy instead of rent

Rents outpace home prices making the market ideal for younger buyers
  • Houston appears set up for an uptick in home sales activity
  • A large wave of multifamily development has resulted in rents outpacing home prices
  • The market's median home price is affordable when comparing it to other large metros

A recent ranking suggests Houston should be a top market for millennial homebuyers moving forward. According to a report from Trulia, it is 46 percent cheaper for “younger buyers” to purchase a home versus rent in Houston.