Deciding whether to rent or buy a home is typically based on the cost of rent versus a mortgage payment.

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Rent or own? Here are the best metros to buy a home .. came in first place in the U.S. on SmartAsset’s list. The area’s average home price is $196,120.. Largest Central Florida Production.

Renting vs. Owning Housing is the biggest expense for many Americans, accounting for more than 30 percent of a household’s yearly expenditures, according to the Bureau of Labor Statistics. But.

 · Based on asking prices and rents during the summer of 2012, buying is now 45% cheaper than renting in the 100 largest U.S. metros, on average – that’s a savings of $771 a month. If you plan to stay in a home for 7 years, which is the average time that Americans traditionally live in a home before moving again, it is more affordable to buy.

Under those conditions, the truth is that it is still cheaper to buy than rent in all of the 100 biggest U.S. metro areas, but that gap has dwindled recently as price growth outpaces rent growth. And in some markets small changes – a higher interest rate, less money down or a neighborhood’s characteristics – may make a rent vs. buy.

Despite rising home prices, it is still cheaper to buy than to rent in DC (along will the 100 largest metros in the U.S), according to a report. read Rent Vs.

 · We’ve talked about owning vs. renting in Detroit, and clearly, many opt on the owning side. The allure of cheaper-than-normal real estate is appealing, but comes with many obstacles in Detroit.

 · In all 20 largest U.S. metros, except St. Louis, MO, the largest gains of new renters were people holding a bachelor degree or higher (green bars on the graph below). In Phoenix metro, renters with a bachelor degree increased by 48%, in Denver metro by 45%, in Tampa, FL metro by 38%, and in Atlanta metro by 37%.

Sixty-four U.S. rural hospitals closed from 2013-17. michigan classifies these counties as urban (and the rest rural):.

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