Is it cheaper to rent or buy in Longview, TX?

At today's prices, buying the median home in Longview, TX costs an estimated $1,583/month (mortgage, tax, insurance, maintenance) versus $1,147/month to rent. Renting is cheaper upfront, but buyers build equity over time. Use the calculator above to find your personal breakeven.

How much do I need to earn to buy a home in Longview?

Based on conventional lending guidelines (28% housing DTI), you'd need roughly $58,430 in annual household income to qualify for a mortgage on the median-priced home in Longview, TX.

How long should I plan to stay in Longview before buying makes sense?

The breakeven point depends on your down payment, mortgage rate, and how aggressively you'd invest if renting. In a market like Longview, TX with a 15x price-to-rent ratio, most buyers need at least 4–6 years to come out ahead. Run your scenario in the calculator above.

Housing Market Analysis · 2026

Rent vs Buy in Longview, TX

Q: What is the price-to-rent ratio in Longview?

The price-to-rent ratio in Longview, TX is approximately 15x (median home price ÷ annual rent). A price-to-rent ratio of 15 suggests buying may be competitive with renting in Longview, TX, depending on your mortgage rate and time horizon.

Local prices pre-filled. Adjust any input to match your situation.

Median Home Price $209,303

Median Rent $1,147/mo

Price-to-Rent Ratio 15x

YoY Price Change +0.1%

Income Needed $58K

Should you buy in Longview?

Price-to-Rent Ratio

15x — is competitive for buying

A price-to-rent ratio of 15 suggests buying may be competitive with renting in Longview, TX, depending on your mortgage rate and time horizon.

Monthly Cost Gap

Monthly ownership costs run about $436 above median rent in Longview, TX. This relatively tight gap makes the rent-vs-buy decision especially sensitive to how long you stay in the home.

Price Trends

Prices in Longview, TX grew 0.1% over the past year — modest but steady appreciation that generally supports long-term buying decisions.

Affordability

With an income threshold of $58K, Longview, TX is among the more accessible markets for first-time buyers — though the decision still hinges on how long you plan to stay.