Buying Versus Renting Is More Affordable In 15 Cities, According To Realtor
A new analysis finds that low mortgage rates have made it more affordable to buy than rent in a growing number of metros.
The monthly cost to purchase a median-priced home in the 50 largest metros was $1,988, compared to the median monthly rent of $1,727. Cities, where it is cheaper to buy, include Cleveland, Chicago, Pittsburgh, Riverside, Calif., and Miami. Conversely, San Jose, Austin, Sacramento, Seattle, and San F…
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