spotlight
The cities where it’s cheaper to buy than rent
- Stessa, LatticePublishing.com
- Updated
When COVID-19 hit America and sent people fleeing from small apartments in the biggest cities, it immediately propelled rent and home prices in opposite directions. However, there are still places where the typical monthly mortgage payment is on par or below market rent.
Cities Where It’s Cheaper to Buy Than Rent
UpdatedSince COVID home price growth has dwarfed increase in rental prices
UpdatedUS 30 year fixed mortgage rates are at historic lows
UpdatedOwning can be cheaper than renting in much of the US
UpdatedSmall and midsize metros where it is cheaper to buy than rent
Updated15. Indianapolis, IN
Updated14. Jacksonville, FL
Updated13. Atlanta, GA
Updated12. Miami-Fort Lauderdale, FL
Updated11. Louisville-Jefferson County, KY
Updated10. Detroit, MI
Updated9. Richmond, VA
Updated8. Virginia Beach, VA
Updated7. Tampa, FL
Updated6. New Orleans, LA
Updated5. Orlando, FL
Updated4. Memphis, TN
Updated3. Tulsa, OK
Updated2. Oklahoma City, OK
Updated1. Birmingham, AL
UpdatedTags
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