The 10 best US cities to buy a home — and 10 where you should rent
A Zumper analysis evaluates the financial viability of renting versus buying homes across 83 major US cities. The report highlights that high home prices do not always favor renting, as some expensive markets have rental costs that outpace mortgage payments.
Why it matters
It provides actionable financial insights for individuals navigating the current volatile US housing market and shifting migration trends.
The decision whether to rent or buy significantly depends on where you live. Alexander Spatari/Getty Images A Zumper analysis looked at the financial benefit of renting versus buying in major cities. Migration trends have recently made some unexpected cities more renter-friendly. In a few expensive cities, the rents outpace mortgage payments, making buying a better option. Should you buy or should you rent ? The old advice that the best time to buy a home is the best time for you still holds true — but where you're buying plays an important role, too. Real estate site Zumper analyzed the cost of owning a home and the cost of renting across 83 of the largest US cities and calculated a price-to-rent ratio to determine where the housing market favors buyers versus renters.
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