Rent vs. Buy in Moore County, TX

Should you rent or buy in Moore County? Here are the numbers.

Median Home Price

$122,700

Median Rent

$879/mo

Price-to-Rent Ratio

11.6x

Homeownership Rate

64.9%

Monthly Cost Comparison

Buying (20% down, 6.5% rate)

Mortgage (P&I)$620
Property Tax$156
Insurance$41

Total Monthly$817

Renting

Monthly Rent$879
Renter's Insurance$25

Total Monthly$904

In Moore County, buying is approximately $62/mo cheaper than renting (before equity buildup and tax benefits).

About Moore County, Texas

Moore County in Texas has a median household income of $59,041 and an effective property tax rate of 1.5%. With a price-to-rent ratio of 11.6x, buying is likely more cost-effective for long-term residents.

These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.

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Other Counties in Texas

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Federal Housing Finance Agency. Estimates are based on county-level medians and may not reflect specific neighborhoods or property types. This is not financial advice — consult a licensed professional before making housing decisions.