Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

9 US Cities Where Buying a Home Is Cheaper Than Renting

July 14, 2023 · Budgeting
best places to buy a home
Photo by Evgeny Atamanenko from Shutterstock

Which are the best places to buy a home in the US?

Owning a house beats renting one in several key ways, as common belief dictates, starting with the fact that if you’re a homeowner, you pay down your own mortgage rather than someone else’s.

However, home ownership feels out of reach for many of us in 2023 due to a historic alignment of high sales prices and high mortgage rates.

Surprisingly, real estate analysts can still point to several large US cities where owning a house remains cheaper than renting.

But let’s get one thing straight first: you won’t find New York or San Francisco on this list. Cities like these two are places where home ownership comes at a hefty price. Instead, you’ll see cities where the home prices are low enough even during these days, as the average monthly mortgage payment there is lower than the typical monthly rent there.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A warm, textured paper collage showing scissors trimming a receipt alongside icons of a house, car, and grocery basket. 7 Purchases Retirees Are Cutting Back On
  • An illustration of a classic mailbox with an envelope reading 'Social Security Update: Proposed Boost' under warm morning light. Congress Is Considering a Bigger Social Security Raise Than the COLA - Here's What We Know
  • A stylized screenprint illustration of a geometric shield protecting a glowing compass and home from abstract red lightning bolts. 5 Places People Turn to Protect Their Money During Global Conflict
  • An illustration of a senior couple protected by a large canopy shaped like a tax document, representing savings. Social Security Tax Elimination: Who Could Gain $1,500—and Who Could Miss Out
  • A close-up photograph of a person at a kitchen table reviewing their bank accounts on a phone next to a notepad of calculations. Using Autopay? Avoid These 6 Common Mistakes
  • A collage showing a person's silhouette made of shredded medical forms and a Medicaid card, with a padlock symbolizing protection. Find Out If You Were a Victim of Medicaid Fraud!
  • A minimalist ink illustration of a June 2026 calendar with the 15th circled in bold red ink and a fountain pen resting nearby. Don't Miss These Important IRS Tax Deadlines in June
  • A navy folder labeled 'Vital Financial Documents' sits on a kitchen table next to a coffee mug and a secure fireproof lockbox. The Safest Places to Store Your Financial Documents
  • An editorial collage featuring a brass compass, financial documents, a family photo, and a metal key, representing a financial roadmap. 8 Financial Details Loved Ones Need to Know
  • A senior man smiling at a laptop in a sunlit public library with books on the table and a park view through the window. 10 Simple Retirement Joys That Cost Nothing

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

vacation

Spend Less on Vacation With These 6 Clever Budget Planning Hacks

A woman gazes out a train window at a misty coastal landscape, dreaming of her…

Read More →
hotel

7 Hacks to Get Cheaper Hotel Rooms Everywhere You Go

A woman relaxes with coffee, admiring the Paris skyline from a bright hotel room secured…

Read More →
second-hand

12 High-Quality Items You Should Buy Second-Hand

A smiling woman finds a classic wool coat at a vintage shop, showcasing the joy…

Read More →
internet bill

High Internet Bill? 8 Easy Ways to Lower it

A man relaxes on his sofa with a tablet, discovering how easy it is to…

Read More →
Cheap Places

4 Ridiculously Cheap Places to Live in the U.S.

A smiling woman explores a sunlit stone street with a map, discovering the charm of…

Read More →
traveling on a budget

Traveling on a Budget This Season? 8 Tips and Tricks for Beginners

Traveling is amazing, but what if you can’t afford to go to a specific destination?…

Read More →
best beach towns for retired homebuyers

4 Best Beach Towns for Retired Homebuyers

Have you ever wondered what are the best beach towns for retired homebuyers? What could…

Read More →
A couple shopping for high-end deals at a modern warehouse store.

12 Costco Deals Shoppers Are Jumping on for 2026

Discover the 12 best Costco deals for 2026, including new pharmacy savings, travel packages, tech…

Read More →
thanksgiving

9 Best Tips to Spend Thanksgiving on a Budget

For us Americans, Thanksgiving is by far the best celebration since we gather the entire…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.