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Your email address will not be published.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 retired couple sits at a sunny kitchen table, thoughtfully reviewing financial papers together with coffee mugs nearby. Married and Retiring? Here's How to Claim Thousands More in Social Security Benefits
  • An ink and watercolor illustration of a balance scale weighing a glass tip jar against a document labeled federal programs. Here's Who Won and Lost Under Trump’s "Big, Beautiful Bill" (Where Do You Stand?)
  • Split-screen watercolor illustration showing an older man in a library with a $5,181 check and an older woman in a kitchen with a $2,076 che Morgan Freeman vs. the Average American: Who Gets More in Social Security?
  • An editorial illustration of a person guided through a bank-wall maze away from a basic account door toward a premium fee-paying door. These Banks Are Accused of Pushing Customers Away From Basic Accounts
  • An ink and watercolor illustration of an older couple entering a cozy, sunlit neighborhood diner. The SNAP Restaurant Meals Program: Which States Allow Seniors to Use Benefits at Restaurants
  • A mid-century gouache illustration of a relaxed retired man sitting in a lounge chair with a tablet, balancing work and leisure. 12 Stress-Free Jobs for Retirees With High-Salaries
  • A retired couple relaxing on a stone terrace overlooking a Mediterranean coastal village during sunset, captured in warm film photography. The 30 Best Countries to Spend Your Retirement In – Which One Is Your Favorite?
  • An active retiree in his late 60s working part-time at a sunlit plant nursery greenhouse, watering green seedlings. The Part-Time Jobs With a 401(k) Match That Most Retirees Don't Know Exist
  • A woman sits on a moving box in her urban apartment, looking at a laptop showing scenic mountain relocation programs. These US Towns Will Pay You to Move There
  • An editorial illustration of a mailbox with a Social Security check inside, having a 32% slice snipped off by scissors labeled Medicare. Medicare Part B Ate 32% of Last Year's COLA. Will It Happen Again in 2027?

Newsletter

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

Related Articles

cash back credit card

6 Costly Habits You Need to Quit Right Now!

The Money Place presents you: costly habits you need to quit right now! We all…

Read More →
Labor Day costco

8 Awesome Budget-Friendly Ways to Celebrate Labor Day

Even if this summer has flown by, Labor Day is just around the corner, and…

Read More →
cash back credit card

6 Tips To Pay Off Credit Card Debt FAST

Are you drowning in credit card debt? We’re here to help! Between the comfort and…

Read More →
An ink and watercolor illustration of an older couple entering a cozy, sunlit neighborhood diner.

The SNAP Restaurant Meals Program: Which States Allow Seniors to Use Benefits at Restaurants

Discover how the SNAP Restaurant Meals Program allows eligible seniors to buy hot, prepared food…

Read More →
A close-up shot of a person's hands writing in a notebook beside a wall calendar marked with bills and income dates.

Budgeting on a Fixed Income: A Month-by-Month Survival Guide

Living on a fixed income from Social Security, a pension, or an annuity presents a…

Read More →
gas pump

8 Bad Gas Pump Habits That Are Costing You Hundreds Each Year

A gloved hand inserts a fuel nozzle into a blue car, a simple action that…

Read More →

9 Free Things at Libraries You Never Knew About

A woman works on her laptop in a modern library featuring digital kiosks, meeting rooms,…

Read More →
car insurance wealth

Car Insurance Costs: These 8 Clever Tips Will Cut Them Down

Did you know you can lower your car insurance cost? When you’re driving around and…

Read More →
energy bill

Energy Bills Are Too Expensive? This Might Be Why…

If you’re anything like the rest of us, you don’t pay a lot of attention…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • 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.