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
home
Photo by Licvin from Shutterstock

Fairweather predicts interest rates will come back to about 5% by the end of 2024, which should be enough to boost the housing market.

While this article aims to show you some of the best places to buy a home in the US, you should know that these are actually pretty rare. You don’t really get to find too many cities where buying a house is cheaper than renting one.

The dizzying math of high purchase prices and high interest rates makes owning much costlier than paying rent in most large US cities. Let’s take Austin, Texas, as an example, which is a pretty extreme one. Even a starter home will cost you around $3,700 per month, according to some recent data. Monthly rents there are around $1,650 on average.

The best places to buy a home in the US in 2023 are located in smaller metro areas. These cities tend to have a smaller rental stock and a higher ownership rate. Most of them are inland cities, with real estate markets that didn’t experience the huge increase that you tend to see in many coastal markets, which can make homebuying almost impossible.

So, which are the best places to buy a home in the US? Without further ado, here’s where owning is cheaper than renting!

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Your email address will not be published.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

  • Cardboard package with a crossed-out $139 tag peeled back to reveal $69 and $0, beside branching blue and yellow arrows. 5 Tricks for Getting Amazon Prime Free or Cheap
  • A postal worker wearing glasses sits in a breakroom reading a Social Security monthly benefit statement. Your Social Security Check Could Drop $459 a Month by 2032 Unless Lawmakers Step In
  • Stylized calendar archway dated 01 and 15 over a split highway leading toward a sunrise and city skyline. Government Benefit Deadlines Coming Up Right After the New Year
  • Calendar grid with a green federal direct deposit ribbon interrupted by a red pause symbol on a Wednesday date. Surprising Things That Can Pause Your Social Security Deposit
  • Industrial blade marked with a cross cutting retirement benefit sheets that drop into a domestic ledger cart. 9 Reasons the Medicare Premium Announcement Matters More Than the COLA
  • Illustration of a man with a magnifying glass inspecting a phone displaying water and an alert buoy anchored to the seabed. 8 Ways to Check Whether a Payment Message Is Real
  • A balance scale weighs a 3.6% COLA circle against icons of utilities, groceries, and a prescription bottle. 10 Things the 3.6% COLA Will and Won't Cover in Your 2027 Budget
  • Cutaway illustration of a lit house at dusk showing home offices, storage boxes, and a sign reading "$200 / DAY, $6,000 / MO". 8 Ways to Bring In $200 a Day Without Leaving Home
  • Illustration of storefront windows with Early Access and Doorbusters signs on an autumn street beside a calendar. 10 Stores With Early Black Friday Deals Worth Checking
  • Older woman wearing glasses seated on a wooden bench, reading a Medicare & You booklet with a budget notepad on her lap. 9 Medicare Plan Comparisons That Save Money

Newsletter

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

Related Articles

save more money wealth buffett

Anybody Can Save More Money With These 7 New Habits

It’s a fact: spending comes naturally to many of us. Saving, on the other hand,…

Read More →
social security task

7 Ways People Are Irresponsibly Spending Their Social Security Checks

The Social Security program is crucial for retirees in the United States. As reported by…

Read More →
saver

7 Steps to Becoming a Saver (Even if You’re a Spender)

Take control of your finances by organizing a monthly budget with a fresh planner, digital…

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 →
home repair

7 Ways To Get Free Home Repairs (Bonus Free Discounts!)

A smiling woman researches home assistance programs on her laptop while a professional technician repairs…

Read More →
cash back credit card

6 Tips To Pay Off Credit Card Debt FAST

Consolidate Your Debt Consolidating your debt will allow you to combine a few higher-interest balances…

Read More →
checked baggage recession

Tired of Checked Bag Fees? These 6 Hacks May Help

3. Choose the Right Airline Credit Card There are several airline credit cards that come…

Read More →
car insurance wealth

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

#3 Raise the number of your deductibles You may have noticed that when you are…

Read More →
A senior woman with gray hair stands inside a modern city bus or light rail car, smiling out the window.

12 U.S. Cities With Free Public Transit for Seniors

Discover 12 U.S. cities offering free public transit for seniors, including age requirements, pass applications,…

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.