10 Cities Where It’s Cheaper To Buy A Home Than To Rent One

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[credit provider=”Michael Stout via Flickr” url=”http://www.flickr.com/photos/fatguyinalittlecoat/2146880269http://www.flickr.com/photos/mc_sensei/2318287858/”]

Banks have become a lot stricter about granting mortgage loans since the financial crash. But buying a home is cheaper than renting one in 74% of major U.S. cities, according to Trulia’s Summer 2011 Rent vs Buy Index.Trulia  published a list of 10 cities where it makes more sense to buy than rent a home, by comparing rent and list prices of a two-bedroom apartment, condominium or townhouse in America’s 50 largest cities.

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[slide
permalink=”10-tulsa-oklahoma-1″
title=”#10 Tulsa, Oklahoma”
content=”Rent price: $600 – $800

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
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[slide
permalink=”9-san-antonio-texas-2″
title=”#9 San Antonio, Texas”
content=”Rent price: $700 – $900

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4e4be20b6bb3f7ac16000020″
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]
[slide
permalink=”8-jacksonville-florida-3″
title=”#8 Jacksonville, Florida”
content=”Rent price: $800 – $1,000

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4af1e48100000000002bbf45″
caption=””
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]
[slide
permalink=”7-phoenix-arizona-4″
title=”#7 Phoenix, Arizona”
content=”Rent price: $700 – $900

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4d5beaffcadcbbe2014e0000″
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[slide
permalink=”6-sacramento-california-5″
title=”#6 Sacramento, California”
content=”Rent price: $800 – $1,000

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4e418f7569bedd913c00003d”
caption=””
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]
[slide
permalink=”5-arlington-texas-6″
title=”#5 Arlington, Texas”
content=”Rent price: $700 – $900

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4e4be0b769bedd5026000022″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”4-fresno-california-7″
title=”#4 Fresno, California”
content=”Rent price: $700 – $900

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4e4bdeac69beddd21a000044″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”3-mesa-arizona-8″
title=”#3 Mesa, Arizona”
content=”Rent price: $600 – $800

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4c1a38e87f8b9abc0ede0300″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”2-detroit-michigan-9″
title=”#2 Detroit, Michigan”
content=”Rent price: $700 – $900

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4d745e37cadcbb23270d0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”1-las-vegas-nevada-10″
title=”#1 Las Vegas, Nevada”
content=”Rent price: $700 – $900

List price: $50,000 – $100,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia

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[/slideshow]