Real Estate

8 U.S. housing markets where the rent is just too high

therealdeal.comOver the last few years, rents have been soaring in major cities across the country. In fact, rising rents have even outpaced home price growth in some markets, making homeownership a much cheaper deal than renting. That said, we realize that not everyone is ready to settle down and buy a house even if the math theoretically makes sense.

The trouble is, renting in some cities is prohibitively expensive. For instance, in the city of San Francisco, 78.1 percent of one-bedroom homes are going for at least $2,500 a month. Meanwhile, 66.8 percent of one-bedroom rentals in Boston were listed for $2,000 a month or more.

Categories: Real Estate

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