City | Median Monthly Rent | Median Home Price | Avg. Monthly Mortgage Payment | $ Difference Between Mortgage and Rent | |
---|---|---|---|---|---|
1 | Pittsburgh, PA | $1,370 | $225,400 | $1,193 | -$177 |
2 | Cleveland, OH | $1,280 | $221,900 | $1,175 | -$105 |
3 | Detroit, MI | $1,345 | $270,700 | $1,433 | $88 |
4 | Buffalo, NY | $1,315 | $267,300 | $1,415 | $100 |
5 | Philadelphia, PA | $1,865 | $376,500 | $1,993 | $128 |
6 | St. Louis, MO | $1,230 | $270,300 | $1,431 | $201 |
7 | Cincinnati, OH | $1,364 | $296,300 | $1,569 | $205 |
8 | Louisville, KY | $1,230 | $279,200 | $1,478 | $248 |
9 | Chicago, IL | $1,705 | $369,600 | $1,957 | $252 |
10 | Memphis, TN | $1,199 | $278,400 | $1,474 | $275 |
11 | Birmingham, AL | $1,349 | $312,300 | $1,653 | $304 |
12 | Virginia Beach, VA | $1,578 | $355,700 | $1,883 | $305 |
13 | Columbus, OH | $1,400 | $326,700 | $1,730 | $330 |
14 | Indianapolis, IN | $1,350 | $318,100 | $1,684 | $334 |
15 | Tampa, FL | $1,737 | $406,000 | $2,150 | $413 |
16 | Atlanta, GA | $1,530 | $374,700 | $1,984 | $454 |
17 | Providence, RI | $2,145 | $496,200 | $2,627 | $482 |
18 | Minneapolis, MN | $1,540 | $386,100 | $2,044 | $504 |
19 | Houston, TX | $1,239 | $340,200 | $1,801 | $562 |
20 | Dallas, TX | $1,461 | $382,500 | $2,025 | $564 |
21 | Baltimore, MD | $1,600 | $411,600 | $2,179 | $579 |
22 | Orlando, FL | $1,715 | $445,000 | $2,356 | $641 |
23 | Charlotte, NC | $1,475 | $409,300 | $2,167 | $692 |
24 | Jacksonville, FL | $1,451 | $407,000 | $2,155 | $704 |
25 | Nashville, TN | $1,495 | $425,600 | $2,253 | $758 |
26 | Richmond, VA | $1,583 | $444,200 | $2,352 | $769 |