U.S. Cities Where It’s Cheaper to Buy Than Rent

9. Birmingham, Ala.

Monthly cost of ownership: $504 (5th lowest)

Monthly cost of rent: $1,232 (18th lowest)

8. Kansas City, Mo.-Kan.

Monthly cost of ownership: $503 (4th lowest)

Monthly cost of rent: $1,260 (21st lowest)

7. Toledo, Ohio

Monthly cost of ownership: $450 (2nd lowest)

Monthly cost of rent: $1,194 (10th lowest)

6. Memphis

Monthly cost of ownership: $511 (7th lowest)

Monthly cost of rent: $1,336 (35th lowest)

5. Warren-Troy-Farmington Hills, Mich.

Monthly cost of ownership: $567 (17th lowest)

Monthly cost of rent: $1,522 (44th highest)

4. Gary, Ind.

Monthly cost of ownership: $560 (14th lowest)

Monthly cost of rent: $1,518 (45th highest)

3. Dayton, Ohio

Monthly cost of ownership: $469 (3rd lowest)

Monthly cost of rent: $1,278 (28th lowest)

2. Cleveland, Ohio

Monthly cost of ownership: $541 (12th lowest)

Monthly cost of rent: $1,462 (48th highest)


1. Detroit

Monthly cost of ownership: $338 (the lowest)

Monthly cost of rent: $1,138 (4th lowest)

(Via MarketWatch from data assembles by 24/7 Wall Street)