RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Buying Is Better Financially in More Than Half of Markets: Report

Home Latest News
By RISMedia Staff
January 16, 2018
Reading Time: 2 mins read
Buying Is Better Financially in More Than Half of Markets: Report

Man Holding keys on house shaped keychain

It is more affordable to buy a home than rent one in more than half of markets—but for how long remains uncertain, according to recently released research.

In 54 percent of the over 400 counties analyzed by ATTOM Data Solutions, buying the median-priced home is more affordable than renting a three-bedroom one, according to ATTOM’s 2018 Rental Affordability Report. The biggest counties better for buying are Tarrant County, Texas, home to Ft. Worth; Broward County, Fla., home to Miami; Bexar County, Texas, home to San Antonio; Wayne County, Mich., home to Detroit; and Philadelphia County, Pa.

Big counties in general, however, are better for renters, the research shows.

“Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is shrinking as home price appreciation continues to outpace rental growth in most areas,” says Daren Blomquist, vice president at ATTOM Data Solutions. “Renting has clearly become the lesser of two housing affordability evils in many major population centers, with renting more affordable than buying in 76 percent of counties that have a population of one million or more. And when broken down by population rather than number of markets, this data shows that the majority of the U.S. population—64 percent—live in markets that are more affordable to rent than to buy.”

Gains in home prices are exceeding growth in rents in 59 percent of the counties assessed, including Los Angeles County, Calif., Cook County, Ill., and San Diego County, Calif. The contrary is happening in 40 percent of the counties examined, including Harris County, Texas, home to Houston; Maricopa County, Ariz., home to Phoenix; and Kings County, N.Y., or Brooklyn.

Incomes are also lagging rents in 60 percent of counties, including, again, Los Angeles County, Cook County and San Diego County.

Learn more in the report.

Source: ATTOM Data Solutions

For the latest real estate news and trends, bookmark RISMedia.com.

Tags: ATTOM Data SolutionsHome PricesHome-BuyingHousing Affordabilityreal estate newsRental AffordabilityRental CostRenting
ShareTweetShare

RISMedia Staff

Related Posts

Real Estate
Agents

The November Issue of Real Estate Magazine Is Now Live

October 30, 2025
Realtor.com
Agents

Realtor.com® Introduces New 360° Satellite View “FlyAround”

October 30, 2025
The Three Stages of Growth: From Proving Yourself to Building Others
Advice

The Three Stages of Growth: From Proving Yourself to Building Others

October 30, 2025
Stellar
Agents

Why Q4 Is a Launchpad, Not a Landing Zone

October 30, 2025
Mortgage Rates Decrease for Fourth Consecutive Week
National

Mortgage Rates Decrease for Fourth Consecutive Week

October 30, 2025
housing
Industry News

Buyer Demand Slows in October as Government Shutdown Persists

October 30, 2025
Please login to join discussion
Tip of the Day

3 Ways to Highlight Your Listing’s Neighborhood

Buyers are purchasing more than just a home when they sign their final offer—they’re buying into the entire neighborhood, so it’s a good idea to get acquainted with it yourself to highlight all of its features to potential buyers. Read more.

Business Tip of the Day provided by

Recent Posts

  • The November Issue of Real Estate Magazine Is Now Live
  • Realtor.com® Introduces New 360° Satellite View “FlyAround”
  • The Three Stages of Growth: From Proving Yourself to Building Others

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X