Renting Is More Affordable Than Buying a Home in 96% of Major U.S. Cities

On average, homeowners spend $3,468 more annually, or $289 more monthly, than renters nationwide. ST. LOUIS, Aug. 27, 2024 /PRNewswire/ — On a pure dollar basis, monthly rent costs are cheaper than monthly housing payments in 48 of the 50 most populous U.S. cities, according to a new…