Cities in the US where buying is less expensive than renting! San Jose makes the cut!

Rent vs. Buy Index – Q1 2011 America’s Largest 50 Cities by Population

Rank City State Price:Rent Ratio

Much Less Expensive to Buy Than to Rent (Ratios 1?15)

1 Miami FL 6

2 Las Vegas NV 6

3 Arlington TX 7

4 Mesa AZ 8

5 Phoenix AZ 8

6 Jacksonville FL 8

7 Sacramento CA 10

8 San Antonio TX 11

9 Fresno CA 11

10 El Paso TX 11

11 Baltimore MD 12

12 Detroit MI 12

13 Washington DC 12

14 Indianapolis IN 12

15 Philadelphia PA 12

16 Dallas TX 12

17 Houston TX 13

18 Honolulu HI 13

19 Atlanta GA 13

20 Long Beach CA 13

21 Tulsa OK 13

22 Denver CO 13

23 Nashville TN 13

24 Chicago IL 13

25 Omaha NE 13

26 Columbus OH 14

27 Charlotte NC 14

28 Virginia Beach VA 14

29 Tucson AZ 14

30 Raleigh NC 14

31 Colorado Springs CO 15

32 San Diego CA 15

33 San Jose CA 15

34 Louisville KY 15

35 Austin TX 15

36 Minneapolis MN 15

Less Expensive to Rent, But May Make More Financial Sense to Buy (Ratios 16?20)

37 Milwaukee WI 16

38 Cleveland OH 17

39 Boston MA 17

40 Oklahoma City OK 17

41 Albuquerque NM 18

42 Portland OR 18

43 Oakland CA 18

44 Fort Worth TX 19

45 Los Angeles CA 20

46 Memphis TN 20

Total Cost of Homeownership Much Greater Than Renting (Ratios 21+)

47 San Francisco CA 21

48 Kansas City MO 21

49 Seattle WA 24

50 New York NY 31