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Renting costs less than buying in the nation’s biggest metros

Zillow Research found typical rents are below typical monthly homebuyer payments in all 50 of the largest U.S. metros, creating a monthly advantage for renters.

Reported · Written up by our desk · Residential

Zillow Research says renters in the 50 largest U.S. metros face lower typical monthly costs than homebuyers, based on its August rent reporting and related payment comparisons.

The analysis finds that in every one of those metros, typical rent is less than the typical monthly homebuyer payment, implying a consistent monthly advantage for renters across major markets.

Zillow Research frames the gap as an opportunity renters can use toward long term wealth, pointing to the difference between renting expenses and what it estimates homebuyers would pay monthly.

The report centers on that spread between typical rent levels and typical homebuyer payments in its metro sample.

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