Houston, TX variant. This is a Houston, TX-specific version of the Rent vs Buy Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rent vs Buy Calculator.
In Houston, renting costs about $1,700/month while owning the $270,000 median home runs roughly $1,964/month all-in - the gap drives the rent-vs-buy decision.
Rent vs. buy in Houston
Owning includes P&I (≈ $1,365), property tax (≈ $520), and insurance - about $1,964/month before maintenance, versus $1,700 to rent.
Buying wins when you stay long enough to amortize the $54,000 down payment and closing costs, and when appreciation plus equity outpace the rent you'd otherwise pay.
About Houston, TX
Houston residents pay no state or city income tax, since Texas does not impose a personal income tax, leaving more take-home pay relative to many large cities.
Houston has comparatively affordable home prices and rents, supported by ample land and the city's notable lack of formal zoning laws.
Houston's economy is heavily tied to the energy industry, alongside major medical, aerospace, and shipping sectors.
Worked example: monthly comparison
Own ≈ $1,964/mo vs. rent $1,700/mo - a $264 premium to own. Factor in the $54,000 down payment and expected years in the home.
Quick reference
- Median home value: $270,000
- Median rent: $1,700/mo
- Median household income: $62,894
- Local sales tax: 8.25%
- Effective property tax rate: 2.31%
- Cost of living index: 97 (US avg = 100)
Frequently Asked Questions
Is it better to rent or buy in Houston?
Owning runs ≈ $1,964/month vs. $1,700 to rent. Buying favors longer stays that recover the $54,000 down payment and closing costs.
What's the median rent in Houston?
About $1,700 per month.