High housing costs mean that North Texas is seeing more renters these days.
A new national comparison of major markets finds that the Dallas-Fort Worth area is one of the best places to rent.
D-FW ranked third nationally on Policygenius’ renters index. Only Las Vegas and Phoenix scored higher as places to rent.
The ranking was based on the cost of renting vs. buying, the number of renters in the market, rental costs and other factors.
“There were four major metro areas in Texas — Dallas, Austin, El Paso and Houston — that made the top 20,” Policygenius analyst Hanna Horvath said. “El Paso came in second best for the price per square foot and fourth best for safety, which brought it up to ninth place overall in the index.