12 Cities Where Buying A House Is Cheaper Than Renting

June 25, 2012

in Markets

12 Cities Where Buying A House Is Cheaper Than Renting

If you want to save money on rent, you may want to buy a house. Purchasing a home is far cheaper than renting in 12 U.S. cities, according to Business Insider’s analysis of a recent report by HotPads, a real estate search engine. Business Insider ranked the 12 cities with the lowest rent-buy ratio for two-bedroom homes out of 45 major U.S. metropolises. And you may not have to move to a new town to get a good deal. Buying a house is cheaper than renting in 98 of the largest 100 metropolitan areas, according to a recent analysis by Trulia, a real estate website. Nationwide, renting cost 15 percent more than home ownership at the end of last year, according to an analysis by Deutsche Bank cited by the Wall Street Journal. The 12 cities where it is much cheaper to buy a house instead of renting, according to Business Insider, include Orlando, Jacksonville, Tampa and St. Petersburg in Florida, Houston and San Antonio in Texas, Las Vegas, Phoenix, and Sacramento and Riverside in California. [Read this article]

Leave a Comment