In 17 Cities, the ‘Rent Gap’ Makes it Cheaper, on Average, to Own Than Rent

Urban Institute, Dec. 5, 2017–Sarah Strochak, Sheryl Pardo
In 17 of 33 large metropolitan statistical areas (MSAs), it’s cheaper to own a home, putting 3.5 percent down, than it is to rent. And in many cities where homeownership is the more affordable option, it’s expensive to buy a home.