Unfortunately, Texas uses property taxes to make up for not imposing income taxes on earned income. The resulti is higher property taxes. To answer your question, well, it depends. Please know that regardless of where you choose to buy, even if you pay cash, there will always be out of pocket expeseses such as propterty tax, special assessments, home owner dues (in some areas) and of course, maintenance, insurance and deductibles for storm damaage. If you are seeking to purchase a home as an "investment" for a nice and safe place to raise a family, then the monetary expenses are less important. If you are seeking to purchase a property for a financial investment, what are your objectives? Short run? Long run? I actually talked a lady out of buying a condo since she would be worse off after 5 yeears than renting. Being a former corporate accountant, it was easy for me to determine this. While home prices and mortgages are the most affordable in history, there is no guarantee of an increase in value. I know this has been a long read, but it is necessary to address your question. Please contact me if I can help you. Good luck!