Top 10 cities where it's cheaper to buy than rent

[princeofheaven]

On 4/20/2017 at 0:03 AM, Guest said:

10. Omaha, Nebraska

Average monthly mortgage payment: $583
Average monthly rent: $1,255
Average home price: $250,822
Years needed to break even: 1.63

9. New Orleans

Average monthly mortgage payment: $648
Average monthly rent: $1,276
Average home price: $235,127
Years needed to break even: 1.59

8. Baton Rouge, Louisiana

Average monthly mortgage payment: $561
Average monthly rent: $1.127
Average home price: $216,308
Years needed to break even: 1.58

7. Cincinnati

Average monthly mortgage payment: $544
Average monthly rent: $1,167
Average home price: $220,633
Years needed to break even: 1.49

6. Columbia, South Carolina

Average monthly mortgage payment: $460
Average monthly rent: $1,202
Average home price: $189,787
Years needed to break even: 1.47

5. Gary, Indiana

Average monthly mortgage payment: $558
Average monthly rent: $1,136
Average home price: $205,163
Years needed to break even: 1.34

4. Tulsa, Oklahoma

Average monthly mortgage payment: $449
Average monthly rent: $1,093
Average home price: $174,697
Years needed to break even: 1.34

3. Greenville, South Carolina

Average monthly mortgage payment: $485
Average monthly rent: $1,008
Average home price: $175,235
Years needed to break even: 1.33

2. Louisville, Kentucky

Average monthly mortgage payment: $575
Average monthly rent: $1,126
Average home price: $225,826
Years needed to break even: 1.29

1. Little Rock, Arkansas

Average monthly mortgage payment: $496
Average monthly rent: $1,146
Average home price: $196,120
Years needed to break even: 1.26

Baton Rouge , LA

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