Renting better than buying in big cities: Analysis ...Middle East

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Renting better than buying in big cities: Analysis
Story at a glance Renting a typical home is now cheaper than buying one in all 50 of the largest U.S. metros in 2024, according to a new Bankrate study. The Bankrate study looks at the typical monthly mortgage payments and the typical month rents for all homes in the 50 most populated U.S. metros. Analysts found that the typical monthly mortgage payment in one of these cities for a median-priced home is about $2,703, while typical monthly rent is $1,979. Renting a home is more cost-effecting than buying in most major cities in the United States, according to a new Bankrate analysis.   Housing in general is expensive in the U.S., and rents are hig

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