It’s More Expensive to Own a Home than Rent in Most Metro Areas

BY  ON DECEMBER 20, 2021

We have seen stories like this before; is it cheaper to rent or own your home?  A recent report from the National Association of Realtors says that in 101 out of 178 metro areas (56%), it is indeed more expensive to own a single-family existing home than to rent.  Click here to read more.

Be sure to look at their entire nationwide data-set.

“In all metro areas, it costs more to own a home than to rent an apartment unit. Nationally, the sum of monthly mortgage, property taxes, and maintenance expense is 70% more than the average asking rent (ratio of 1.7).”

Click on the map above to make it interactive.

Click here to read the full report at the NAR’s Economist Outlook.

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  • Hamza Ashfaq
    published this page in Updates 2021-12-30 11:28:28 -0700