The Real Deal Miami

Which U.S. cities are best for renting?

November 22, 2010 03:01PM

It makes more financial sense
to rent rather than buy a home in New York City, MSNBC reported, ranking the Big Apple
number one on its list of national cities that are most ideal for renting. With an average home price of $1.88 million, Trulia
put the Big Apple’s rent-to-buy index at 35, meaning that it would take
35 years of renting before matching a homeowner’s expenses. Rounding out the top
three on MSNBC’s list were Seattle, Wash. — whose homes have an average list price
of $585,073 with a rent-to-buy index of 31 — and Fort Worth, Tex., with an
average price of $207,730 and a rent-to-buy index of 30. Other cities that made
the list were Omaha, Sacramento,
Kansas City, Portland,
San Diego, San Francisco
and Boston. [MSNBC]