Map reveals where renters can score up to 77% savings over homeowners in string of US locations
With average US mortgage rates hovering around 6.5% — miles above the 3% bargains of the pandemic — and an inflation rate still above pandemic levels, the math ain’t mathing for homebuyers. And there are some markets — found in affordable Midwestern and Southern towns, as well as pricey West Coast enclaves — where the gap between buying and renting is particularly acute.
Reported by 1 outlet — New York Post. See all sources ↓
With average US mortgage rates hovering around 6.5% — miles above the 3% bargains of the pandemic — and an inflation rate still above pandemic levels, the math ain’t mathing for homebuyers. And there are some markets — found in affordable Midwestern and Southern towns, as well as pricey West Coast enclaves — where the gap between buying and renting is particularly acute. At the top of the list is the small, upscale residential neighborhood of Wildwood, in Atlanta, where renters save 77.7% over homeowners. Renters in the affluent Buckhead area enclave pay an average of $1,464 per month compared to the $6,577 paid by the average homeowner.
Read the full report at New York Post ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- With average US mortgage rates hovering around 6.5% — miles above the 3% bargains of the pandemic — and an inflation rate still above pandemic levels, the math ain’t mathing for homebuyers. And there are some markets — found in affordable Midwestern and Southern towns, as well as pricey West Coast enclaves — where the gap between buying and renting is particularly acute.
- How widely is it covered?
- 1 outlet, average source rating 5.0/10.
- When was it last updated?
- just now ago.
How outlets are framing the same story
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- Coverage card1 outlet1CoverageScouting report
Map reveals where renters can score up to 77% savings over homeowners in string of US locations
Sources1TypeCoverageNew York Post