It’s cheaper to buy than rent in Atlanta

The high cost of home ownership has made it officially cheaper to rent a place in LA County than to buy one, says the LA Times, citing a RealtyTrac study that looked at prices for 2013’s fourth.

Among the 40 counties across the country with more than 1 million residents, only three had housing markets where it was still cheaper to buy a home than rent one: Wayne County (Detroit), Mich.

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Due to its flexibility, cost savings and low stress, renting a home is an attractive option. estate prices, a question bubbles to the surface: are you better off buying or renting?.. The Best Apartments in Atlanta for Pet Lovers.

While the benefits of renting include more freedom (no commitment to a mortgage), relatively low transaction costs (no downpayment, commissions, etc.) and fewer expenses overall (including maintenance, repairs and taxes), there are some downsides, says McLaughlin. Namely, "in Atlanta, buying is cheaper than renting."

Let's start with the places where it's cheaper to rent. Here are the counties where it's more affordable to buy than rent.. Clayton County, located just about 20 minutes away from downtown Atlanta, has fallen on tough times.

Atlanta ranked 17th overall for best metros in the country to buy vs rent. Here, the average monthly mortgage payment was found to be about $890, while the average monthly cost for rent amounted to $1,381. The breakeven point in Atlanta is 1.9 years. Home prices in Atlanta, according to SmartAsset, average $231,274.

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Although it’s cheaper to rent than to own in Atlanta, the cost difference is only $55 per month. If you’re in the market for a seven-figure home, you’re in luck: Atlanta is one of the cities with the most million-dollar homes for sale .

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Used as a benchmark for estimating whether it is cheaper to rent or own property.. bubble and subprime meltdown, its average price-to-rent ratio was around 15.. The price-to-rent ratio shows whether buying or renting would be best for a. What $200,000 Will Buy In The atlanta real estate Market.

Miami tops the list of places in the country where it’s cheaper to own than rent a home, according to Trulia.com’s latest Rent vs. Buy Index.

Major online realtor Trulia says it's high time to take a risk but drinking. to hit at least 5% to make renting cheaper than buying in Los Angeles,

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