Evolution of the Rent vs. Mortgage Gap: 2024 to 2025

Using data from Rent.com and the National Association of Realtors, Zoocasa calculated the differences between the median monthly rents and average monthly mortgage payments for January 2024 and January 2025.

Pittsburgh, PA
−$347
−$177
Cleveland, OH
−$267
−$105
Detroit, MI
−$104
$88
Philadelphia, PA
−$58
$128
St. Louis, MO
$46
$201
Buffalo, NY
$53
$100
Tampa, FL
$176
$413
Cincinnati, OH
$184
$205
Chicago, IL
$190
$252
Columbus, OH
$204
$330
Birmingham, AL
$233
$304
Louisville, KY
$234
$248
Indianapolis, IN
$248
$334
Memphis, TN
$285
$275
Virginia Beach, VA
$304
$305
Minneapolis, MN
$329
$504
Atlanta, GA
$390
$454
National
$420
$577
Dallas, TX
$422
$564
New York, NY
$460
$938
Jacksonville, FL
$470
$704
Nashville, TN
$495
$758
Providence, RI
$505
$482
Baltimore, MD
$524
$579
Houston, TX
$525
$562
Orlando, FL
$529
$641
Charlotte, NC
$548
$692
Richmond, VA
$629
$769
Riverside, CA
$671
$896
Austin, TX
$740
$1,076
Miami, FL
$754
$991
Sacramento, CA
$827
$947
Las Vegas, NV
$884
$1,095
Raleigh, NC
$899
$997
Phoenix, AZ
$906
$1,043
Boston, MA
$1,120
$1,235
Washington, DC
$1,171
$1,261
Portland, OR
$1,197
$1,366
Salt Lake City, UT
$1,280
$1,545
Denver, CO
$1,603
$1,749
Seattle, WA
$1,768
$2,141
Los Angeles, CA
$1,769
$2,196
San Diego, CA
$2,003
$2,379
San Francisco, CA
$3,766
$4,269
San Jose, CA
$6,054
$6,995
Mortgage payments were calculated using a fixed rate of 6.69% for 2024 and a fixed rate of 6.95% for 2025.
Chart: ZoocasaGet the dataCreated with Datawrapper