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It’s cheaper to rent than to buy in all of the top 50 metros. The typical monthly mortgage payment of a median-priced home ($412,778, per Redfin) in the U.S. is $2,703, while the national ...
In the New York metropolitan area, it is approximately 49.7% more expensive to buy a property than it is to rent, according to the report. While a typical monthly mortgage payment here is about ...
As a result, 80% of properties in Detroit are cheaper to buy than rent. That share was 59% in Philadelphia, 57% in Cleveland, and 52% in Houston. Nationwide, only 19% of the housing stock is more ...
The highest divide came after 2022, when CBRE reports the average mortgage payment was nearly $3,400 and rent was still circling $2,200. The company's data shows since then, mortgage rates have ...
Graham Stephan is a real estate investor and YouTube influencer with more than 4 million subscribers and close to half a million Instagram followers. With over a decade of real estate investment...
In Detroit, where the difference between average monthly mortgage and rental payments is $401, a significant 80% of properties are cheaper to buy than rent, which is the highest number of such ...
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