Realtor.com® February Rental Report: Renting Now Beats Buying in All of the Largest U.S. Metros

March 26, 2024

https://www.prnewswire.com/news-releases/realtorcom-february-rental-report-renting-now-beats-buying-in-all-of-the-largest-us-metros-302098643.html

The top 5 metros with the largest savings for renters include Austin, Texas; Seattle; Phoenix; San Francisco and Los Angeles

SANTA CLARA, Calif., March 26, 2024  /PRNewswire/ — Elevated mortgage interest rates, still-high home prices and falling rents have made it more affordable to rent than buy in all of the top 50 U.S. metros, according to the Realtor.com® Rental Report released today. In February, the mortgage payment on a starter home in the largest metros cost $1,027 (+60.1%) more than the monthly rent in those markets, on average. At the same time last year, 45 metros favored renting.

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