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  4. 31 US cities where it's cheaper to buy a house than to rent a place

31 US cities where it's cheaper to buy a house than to rent a place

31. Colorado Springs, Colorado

31 US cities where it's cheaper to buy a house than to rent a place

30. Phoenix, Arizona

30. Phoenix, Arizona

Average monthly rent: $1,392

Average monthly mortgage payment: $1,383

Median home value: $244,600

29. Arlington, Texas

29. Arlington, Texas

Average monthly rent: $1,555

Average monthly mortgage payment: $1,545

Median home value: $211,200

28. Stockton, California

28. Stockton, California

Average monthly rent: $1,569

Average monthly mortgage payment: $1,547

Median home value: $303,400

27. Greensboro, North Carolina

27. Greensboro, North Carolina

Average monthly rent: $1,116

Average monthly mortgage payment: $1,080

Median home value: $147,400

26. Virginia Beach, Virginia

26. Virginia Beach, Virginia

Average monthly rent: $1,582

Average monthly mortgage payment: $1,538

Median home value: $269,600

25. Columbus, Ohio

25. Columbus, Ohio

Average monthly rent: $1,204

Average monthly mortgage payment: $1,158

Median home value: $157,900

24. Anaheim, California

24. Anaheim, California

Average monthly rent: $2,817

Average monthly mortgage payment: $2,761

Median home value: $600,400

23. Mesa, Arizona

23. Mesa, Arizona

Average monthly rent: $1,417

Average monthly mortgage payment: $1,360

Median home value: $254,200

22. St. Louis, Missouri

22. St. Louis, Missouri

Average monthly rent: $932

Average monthly mortgage payment: $866

Median home value: $287,100

21. Philadelphia, Pennsylvania

21. Philadelphia, Pennsylvania

Average monthly rent: $1,260

Average monthly mortgage payment: $1,192

Median home value: $157,500

20. Albuquerque, New Mexico

20. Albuquerque, New Mexico

Average monthly rent: $1,240

Average monthly mortgage payment: $1,171

Median home value: $204,600

19. Oklahoma City, Oklahoma

19. Oklahoma City, Oklahoma

Average monthly rent: $1,084

Average monthly mortgage payment: $1,006

Median home value: $132,500

18. Sacramento, California

18. Sacramento, California

Average monthly rent: $1,706

Average monthly mortgage payment: $1,622

Median home value: $327,200

17. Chula Vista, California

17. Chula Vista, California

Average monthly rent: $2,566

Average monthly mortgage payment: $2,475

Median home value: $541,600

16. Corpus Christi, Texas

16. Corpus Christi, Texas

Average monthly rent: $1,372

Average monthly mortgage payment: $1,277

Median home value: $147,500

15. Anchorage, Alaska

15. Anchorage, Alaska

Average monthly rent: $1,817

Average monthly mortgage payment: $1,708

Median home value: $339,000

14. Jacksonville, Florida

14. Jacksonville, Florida

Average monthly rent: $1,259

Average monthly mortgage payment: $1,137

Median home value: $179,300

13. Norfolk, Virginia

13. Norfolk, Virginia

Average monthly rent: $1,292

Average monthly mortgage payment: $1,142

Median home value: $190,500

12. Milwaukee, Wisconsin

12. Milwaukee, Wisconsin

Average monthly rent: $1,051

Average monthly mortgage payment: $890

Median home value: $123,500

11. Columbia, South Carolina

11. Columbia, South Carolina

Average monthly rent: $1,125

Average monthly mortgage payment: $963

Median home value: $136,900

10. Buffalo, New York

10. Buffalo, New York

Average monthly rent: $942

Average monthly mortgage payment: $776

Median home value: $86,800

9. Silver Spring, Maryland

9. Silver Spring, Maryland

Average monthly rent: $2,236

Average monthly mortgage payment: $2,047

Median home value: $407,600

8. Indianapolis, Indiana

8. Indianapolis, Indiana

Average monthly rent: $1,139

Average monthly mortgage payment: $943

Median home value: $145,800

7. Memphis, Tennessee

7. Memphis, Tennessee

Average monthly rent: $855

Average monthly mortgage payment: $652

Median home value: $86,900

6. Aurora, Colorado

6. Aurora, Colorado

Average monthly rent: $1,910

Average monthly mortgage payment: $1,706

Median home value: $327,800

5. Toledo, Ohio

5. Toledo, Ohio

Average monthly rent: $795

Average monthly mortgage payment: $583

Median home value: $71,800

4. St. Paul, Minnesota

4. St. Paul, Minnesota

Average monthly rent: $1,494

Average monthly mortgage payment: $1,268

Median home value: $220,600

3. Santa Ana, California

3. Santa Ana, California

Average monthly rent: $2,731

Average monthly mortgage payment: $2,484

Median home value: $552,100

2. Cleveland, Ohio

2. Cleveland, Ohio

Average monthly rent: $857

Average monthly mortgage payment: $579

Median home value: $58,000

1. Baltimore, Maryland

1. Baltimore, Maryland

Average monthly rent: $1,286

Average monthly mortgage payment: $978

Median home value: $116,700

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