Monthly median cost to rent or own by metro area
Median monthly gross rent and housing costs with a mortgage among 100 largest metros in 2024
A chart showing the monthly median cost to rent or own by metro area in 2024 among the 100 largest metros. In all metro areas, it was cheaper to rent than it was to own a home. The national average rent price was $1,487 compared to $2,035 to own. In the Salt Lake City metro, the median rental cost was $1,659 compared to $2,213 to own.
