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

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Photo: Michael Stout via Flickr

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.

#10 Tulsa, Oklahoma

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

#9 San Antonio, Texas

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

#8 Jacksonville, Florida

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

#7 Phoenix, Arizona

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

#6 Sacramento, California

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

#5 Arlington, Texas

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

#4 Fresno, California

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

#3 Mesa, Arizona

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

#2 Detroit, Michigan

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

#1 Las Vegas, Nevada

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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