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
memphis
Photo by Sean Pavone from Shutterstock

1. Memphis, Tenn.

Memphis is one of the best places to buy a home in the US. In fact, homebuyers in this city can save hundreds of dollars every month over renters. According to financial experts, this applies even with sale prices surging.

In Memphis, the median monthly cost for first-time homebuyers is only $847. On the other hand, the median monthly rent is $1,258. That’s almost $400 more, which is a lot.

Joe Spake is a broker in Memphis, and according to him, new apartments in Memphis rent for a hefty amount of money. If you’re looking for a new place to rent, expect to pay $1,600 in monthly rent for a two-bedroom apartment.

A person walks a dog past a classic brick row house in a quiet Pittsburgh neighborhood during golden hour.
A man walks his dog past a brick house for sale in a leafy Pittsburgh neighborhood.

2. Pittsburgh

Pittsburg is also among the best places to buy a home. Home seekers will save about $350 per month by buying a starter house in this city rather than renting one, according to financial analysts. The median monthly rent is $1,445, while a mortgage is about $1,097.

This city in the Rust Belt experienced substantial outmigration after the steel industry went back in the late 20th century, which resulted in overall real estate stagnation. However, unlike some other urban metro areas, this one has seen a revitalization and gentrification of its downtown.

So now Pittsburgh is one of the best places to buy a home in the US.

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Your email address will not be published.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

  • 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
  • A woman in her 60s reviews financial paperwork at a sunlit kitchen table, captured in a candid, documentary-style photograph. 9 Financial Perks Many Retirees Overlook

Newsletter

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

Related Articles

Debt Free Lifestyle Habit

12 Debt-Free Lifestyle Habits You’ll Want to Copy TODAY

Debt-Free Lifestyle Habit: Don’t Become Addicted to Shopping People who aren’t in debt know that…

Read More →
car insurance wealth

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

#4 Get a smaller vehicle You may feel great having a big van or an…

Read More →
checked baggage recession

Tired of Checked Bag Fees? These 6 Hacks May Help

4. Choose a Travel Card That Offers an Airline Fee Credit Having an airline credit…

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 →
traveling

9 Great Ways to Stay on a Budget While Traveling

Savoring coffee while journaling in a historic plaza proves that slow, budget-friendly travel is the…

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

Month 3: Taming the Grocery Giant For most people on a fixed income, the grocery…

Read More →
cash back credit card

6 Costly Habits You Need to Quit Right Now!

4. Smoking If you’re a smoker, you already know that this is one of the…

Read More →
cash back credit card

Want to Lower Your Household Bills? Here Are 8 Ways You Can Do It!

Every coin counts as a person drops spare change into a glass jar to help…

Read More →
best beach towns for retired homebuyers

4 Best Beach Towns for Retired Homebuyers

Mississippi: Gautier If you are a wildlife and nature lover, then we have to get…

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.