The 10 best big cities in the US to buy a home instead of rent

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Tampa, Florida

Tampa, Florida

Average monthly rent: $1,349

Average monthly mortgage payment: $776

Average home price: $191,536

Breakeven year: 4.1

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Charlotte, North Carolina

Charlotte, North Carolina

Average monthly rent: $1,168

Average monthly mortgage payment: $757

Average home price: $186,693

Breakeven year: 4.1

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Atlanta, Georgia

Atlanta, Georgia

Average monthly rent: $1,263

Average monthly mortgage payment: $823

Average home price: $202,969

Breakeven year: 4.1

Miami, Florida

Miami, Florida

Average monthly rent: $1,722

Average monthly mortgage payment: $1,013

Average home price: $249,952

Breakeven year: 4.0

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Baltimore, Maryland

Baltimore, Maryland

Average monthly rent: $1,599

Average monthly mortgage payment: $995

Average home price: $245,453

Breakeven year: 3.8

Austin, Texas

Austin, Texas

Average monthly rent: $1,454

Average monthly mortgage payment: $742

Average home price: $183,134

Breakeven year: 3.7

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St. Louis, Missouri

St. Louis, Missouri

Average monthly rent: $1,131

Average monthly mortgage payment: $667

Average home price: $164,493

Breakeven year: 3.6

Dallas, Texas

Dallas, Texas

Average monthly rent: $1,302

Average monthly mortgage payment: $594

Average home price: $146,616

Breakeven year: 3.2

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Philadelphia, Pennsylvania

Philadelphia, Pennsylvania

Average monthly rent: $1,414

Average monthly mortgage payment: $640

Average home price: $157,802

Breakeven year: 2.9

Detroit, Michigan

Detroit, Michigan

Average monthly rent: $1,206

Average monthly mortgage payment: $432

Average home price: $106,456

Breakeven year: 2.6

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