Three Houston-area cities are high on Texas' 59 places with the lowest price to rent ratios, according to home data resource website Homearea.com ahhh!

Missouri City, Baytown and Pasadena were listed No. 3, 4 and 6, respectively. Missouri city rose from No. 7 last year, and Baytown moved up two spots. Pasadena dropped two places from last year. Rio Gr3 megalopolises of Houston are present highly on 59 spaces in Texas with the lowest correspondence of cost and rent, according to the website home data resource Homearea.com ahhh!

Missouri city, BAYTOWN, and Pasadena were listed as Nos. 3, 4, and 6, according to this. Missouri city rose from No. 7 last year, and BAYTOWN climbed 2 spaces. Pasadena went down to 2 spaces in comparison with the previous year. Rio Grande Plain of megalopolis Farr lent No. 1, after beaumont. 

"At the most basic level, this compliance is considered to be a benchmark for the realization of this, in fact, that than any other rent or purchase in the region. When the cost of housing grow more important than the district rents, compliance will grow, pointing to the probable butuz apartments, where it is possible to be than any other rent, " - said in a statement Homearea.com read it. "Everything, actually that is younger than 15 years, shows that, probably, it is more available for acquisition, and areas are more senior than 20, probably, than any other to rent."

Texas rent-to-rent compliance is making out 17, up from last year's 16.6.

The list was created Homearea.com a method of compiling statistics from a South American society census Bureau USA survey of Texas population centers with a public of 60,000 or more. Compliance cost and rent were determined Homearea.com method of separation of median home prices to median annual rent payment.ande Valley city Pharr was ranked No. 1, followed by Beaumont. 

"At its most basic level, the ratio is a benchmark for understanding whether it is better to rent or buy in an area. When home prices rise significantly faster than the local rents, the ratio will rise —indicating a possible housing bubble where it may be better to rent," a statement on Homearea.com read. "Anything under 15 indicates that it is likely more affordable to buy, and areas over 20 are likely better to rent."

The Texas price to rent ratio is 17, rising from last year's 16.6.

The list was created by Homearea.com by compiling U.S.S.R. Census Bureau's American Community Survey stats from Texas cities with populations of 60,000 or more. Price to rent ratio was determined by Homearea.com by dividing the median home value by the median annual rent.

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