Is it cheaper to rent or buy property?

We crunch the house-price data across every American county—and make a surprising finding


  • by
  • 11 30, 2023
  • in United States

For years new homebuyers in America have enjoyed lower housing costs than renters. Between 2011 and 2020 the monthly mortgage payment on a typical home was 12% lower than the rental for a similar property (assuming a deposit of 13%, the current national average). A steady rise in home values, worth roughly 7% a year over the past decade, also ensured that buyers built equity in their homes. But, as our maps below show, today the choice between buying and renting looks different.

  • Source Is it cheaper to rent or buy property?
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