Due to nationwide price declines and rising rents, buying a home is now cheaper than renting one in 98 of the nation’s 100 major metropolitan areas, according to a rent vs. buy index from real estate search and marketing site Trulia.

In the two remaining metros, San Francisco and Honolulu, renting often beat buying, but buying could be a better deal for those who plan to stay in their home for at least five years and take advantage of the mortgage interest tax deduction, Trulia said.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top