Top 10 Rent vs. Own Cities

By Kim Banks on January 2, 2013

In a recent issue of Multifamily Executive magazine, we learned that in the nation's most desirable - and expensive - metros, renting remains the once and future king of housing economics. The Top 10 Rent vs. Own Cities include:
  1. San Jose, CA
  2. Honolulu
  3. San Francisco
  4. New York City
  5. Boston
  6. Los Angeles
  7. Seattle
  8. San Diego
  9. Washington, D.C.
  10. Portland, OR
However, as rents continue to rise and home prices continue to decline, the advantages of renting over owning are becoming narrower in many major metropolitan areas. To our homebuilder audience: where does your area stand in the rent vs. own battle?