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Your email address will not be published.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 cozy room with a vintage suitcase decorated with international stickers next to a sunlit armchair. 8 Countries Where Work History Can Combine With US Credits
  • An active retiree couple reviews a Southwestern map on a sunny wooden deck with distant hills in the background. 7 Mid-Size US Cities Seeing the Fastest Retiree Population Growth
  • A retired couple relaxes on a sunlit patio, holding coffee mugs next to a tablet showing a successful automated payment screen. 9 Bills Worth Automating First in a Retirement Financial Setup
  • A close-up shot of a debit card being declined at a grocery checkout terminal with vegetables in the background. 10 Signs Your Bank Has Flagged Unusual Account Activity
  • A warm, candid 35mm film photograph of a grandfather, mother, and young child sitting together on a living room sofa in soft afternoon sunli 10 Signs You Should Ask the SSA About Family Maximum Benefits
  • An older couple sitting at a wooden kitchen table with two distinct folders, reviewing documents in warm, natural light. 7 Signs You Should Keep Finances Separate in a Later-Life Marriage
  • An editorial gouache illustration of a winding pathway with milestone signs for ages 50 through 73, symbolizing the retirement journey. 7 Birthdays That Change Something Legally or Financially in Retirement
  • Gouache illustration of nine pathways leading from a single house to alternative retirement housing options. 9 Retirement Living Arrangements Beyond the Traditional House
  • A woman sits on her living room floor surrounded by shipping boxes, holding a receipt and reviewing a purchase for a potential return. 7 Store Return Policies Worth Knowing Before You Shop
  • A retired man in his late 60s working happily at a sunlit home office table with a laptop, notepad, and coffee. 10 Encore Careers Retirees Are Loving Right Now

Newsletter

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

Related Articles

gas

Americans Save Money on Gas With These 10 Great Tips

Monitor your fuel spending by keeping gas receipts organized in your wallet while sitting in…

Read More →
Home Renovation

7 Home Renovations That Will Hurt Your Home’s Value

Visualize your dream home while standing in a bright, empty room featuring classic hardwood floors…

Read More →
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 →
Easter on a budget

Celebrate Easter on a Budget with These 8 Hacks!

Brighten your Easter table with affordable DIY cardboard bunny garlands, fresh wildflowers, and a carton…

Read More →
thanksgiving dinner on a budget

Thanksgiving Dinner on a Budget: 4 Tips for a Plentiful Dinner

A smiling woman reviews her shopping list beside a basket of fresh apples and squash…

Read More →
budget your groceries bulk

Experts Shared 8 Tips to Budget Your Groceries

Did you just realize that you’re overspending on food? Don’t worry, you’re not alone in…

Read More →
smart habits

5 Smart Habits That Frugal People Use Daily

A person organizes bulk grains in glass jars, a simple yet effective habit for saving…

Read More →
restaurant

You Can Spend Less at Restaurants With These 10 Tips

How much money do you spend at restaurants in a year? According to a few…

Read More →
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 →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.