Fort Worth, Texas: Rent
Average list price: $329,066
Average monthly rent : $924
Price to rent ratio: 29.67
The third city where it makes the most sense to rent instead of buy, Fort Worth rental prices are coming down as inventory goes up."Because of the number of properties on the market coming up as rentals because they haven't been sold, it's tough to keep the rent where it would be," said George Clift, an agent with Ebby Halliday Realtors. "Owners are keeping rent down to compete with each other."
Clift said he's renting a 1,700 square foot 3-bedroom, 2 bathroom home in a prime Fort Worth location for $1,095 a month.
"That price is pretty good compared to most other markets, like in California and other states," he said. "And these are nice homes, not even run down or beat up."
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Last updated October 11 2010: 11:53 AM ET
