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Rent or buy? 10 cities rated

Houston -- RENT
Houston -- RENT
• Why buying might beat renting now
Home price gains needed to make buying a better deal: 3.76%
Historical average gain: 2.58%

Houston is much like Dallas: It's one of the few major cities where the home building industry has been kept active, and the steady increase in new homes for sale has kept a lid on home-price gains. The median home sells for about $154,000. That's only about 17 times the annual rent on a comparable home.

Despite the relative low prices, the problem is the chance for gains. Home prices would have to grow more than a point faster than they have historically for buying to pay off.


Last updated May 13 2011: 12:43 PM ET
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