Buying Is Now 33.1% Cheaper Than Renting in the US

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

Other interesting findings in the report include:

• Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
• With rents & home values moving in tandem, shifts in the ‘rent vs. buy’ decision are largely driven by changes in mortgage interest rates.
• Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.  Give me a call – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

Search for Your New Home

Listing types.

For Sale

For Rent

Land

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

10827 W Grant Street Avondale, AZ 85323

$477,995

3 Beds

2 Baths

1,860 SqFt

Status Active

MLS # 6694003

Property Type Single Family Residence

Price Type --

Discover this stunning Sunstone home, ready for quick move-in! Included features: a private study; a spacious great room overlooking a serene covered patio; a dining nook; a thoughtfully designed kitchen boasting 42'' upper cabinets, quartz countertops, a walk-in pantry, a center island and stainless-steel appliances, including a gas range; a central laundry; and a lavish primary suite showcasing dual walk-in closets and an attached bath. This home also has upgraded stone tile flooring, cultured marble bathroom countertops, ceiling fan prewiring, front yard landscaping and a concrete-paver driveway and walkway.

View Property

17534 W Straight Arrow Lane Surprise, AZ 85387

$477,900

3 Beds

2 Baths

1,895 SqFt

Status Active

MLS # 6688603

Property Type Single Family Residence

Price Type --

Newer built home (2017), with 3 bedrooms , 2 baths and a bonus, game room or office. Loaded with upgrades throughout, including oversized kitchen island, staggered cabinets, granite countertops, and stainless appliances. High end lighting, wood look tile and oversized custom walk-in tile shower are just a few of the highlights of this beautiful home. Enjoy your low power bills with OWNED Solar Located on a 10,000+ sf lot in a fantastic N Surprise community with community pool and parks nearby. interior upgraded doors plus more. This is must see must buy home.

View Property

7661 E Chaparral Road Scottsdale, AZ 85250

$477,500

2 Beds

2 Baths

1,660 SqFt

Status Active

MLS # 6692991

Property Type Single Family Residence

Price Type --

A Hidden Gem! Discover the charm of this beautifully updated 2-bedroom, 2-bathroom home. Inside, you'll find a fresh and modern design with neutral colors, wood-look flooring, and recessed lighting throughout. The open living and dining areas, along with the family room's skylight, offer ample space for entertaining and relaxation. The gourmet kitchen is a chef's dream with white cabinetry featuring crown molding, sleek stainless steel appliances, quartz countertops, a subway tile backsplash, and a convenient breakfast bar on the peninsula. The spacious primary bedroom offers a cozy retreat with plush carpeting, bi-folding closets, private access to the backyard, and an en-suite bathroom with dual sinks. Step outside to the serene backyard with a covered patio, perfect for relaxing or hosting gatherings. This is your chance to make this exceptional home yours. Don't waitcome see this today!

View Property

2030 E Michigan Avenue Phoenix, AZ 85022

$477,500

3 Beds

3.5 Baths

1,734 SqFt

Status Active

MLS # 6694641

Property Type Single Family Residence

Price Type --

NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder Incentives! POOL VIEW! 3 bedrooms, all ensuite, plus powder room. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! This home is loaded with standard features, beyond everyone else! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Quartz or Granite countertops, stainless steel appliances, including refrigerator, Luxury Plank Vinyl floors, carpet. Approximately 5 month move-in. Hurry and select additional upgrades! 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!

View Property

2030 E Michigan Avenue Phoenix, AZ 85022

$477,500

3 Beds

3.5 Baths

1,734 SqFt

Status Active

MLS # 6694652

Property Type Single Family Residence

Price Type --

NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder Incentives! POOL VIEW! 3 bedrooms, all ensuite, plus powder room. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! This home is loaded with standard features, beyond everyone else! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Quartz or Granite countertops, stainless steel appliances, including refrigerator, Luxury Plank Vinyl floors, carpet. Approximately 5 month move-in. Hurry and select additional upgrades! 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!

View Property

21499 N Elba Road Maricopa, AZ 85138

$477,332

3 Beds

2.5 Baths

2,400 SqFt

Status Active

MLS # 6682246

Property Type Single Family Residence

Price Type --

The heart of this ranch floor plan is an open layout with a great room, a breakfast nook and a gourmet kitchen with a walk-in pantry and a center island. The owner's suite is adjacent, and showcases a generous walk-in closet and an attached bath with double sinks and a deluxe shower. A private study with French doors, two bedrooms, a full bathroom, and a powder room round out the interior of the residence. A 3-car tandem garage and covered patio are also included!

View Property

25315 W Bowker Street Buckeye, AZ 85326

$477,210

4 Beds

3.5 Baths

2,712 SqFt

Status Active

MLS # 6694685

Property Type Single Family Residence

Price Type --

BEAUTIFUL home ready in Sep/Oct! This home has ALL the space you need!! Need a 4th bedroom with own full bath and walk-in closet downstairs?! Flex room downstairs and half bath for guests too!! Upstairs loft is huge! Large closets! This home has electrical upgrades, soft water loop, and it's a Smart Home! Gorgeous interior with lots of off white/light gray 18''x18'' tile. Stone gray cabinets with hardware, 4''x12'' backsplash and quartz countertops! Wait until you see the oversized kitchen island with breakfast bar and single bowl sink. Three car garage with service door, Smart door opener and keyless entry. Great curb appeal. This home is EVERYTHING!!!

View Property

2648 E Marcos Drive Casa Grande, AZ 85194

$477,000

2 Beds

2.5 Baths

1,911 SqFt

Status Active

MLS # 6681551

Property Type Single Family Residence

Price Type --

Indulge in the allure of the desert from your private oasis by the pool, with views of the scenic golf course. Inside, admire the custom tile, rock wall, plantation shutters, and abundant natural light. This home boasts 2 beds, 2.5 baths, a den, & an ext garage. Enjoy culinary experiences in the exquisite kitchen, featuring granite countertops, island, pendant lighting, RO, SS appliances, & staggered cabinetry w/pullouts. Unwind in the luxurious primary owner's suite, boasting a lavish en-suite with dual sink vanity, marble counters, a walk-in shower, & closet. A 2nd master suite offers its own private bath. Outside, enjoy resort-style living with a fenced yard, extended paver patio, and a 4-foot deep saltwater play pool complete with a rock waterfall and spa lounge area.

View Property

2882 N 155th Drive Goodyear, AZ 85395

$477,000

2 Beds

2 Baths

1,445 SqFt

Status Active

MLS # 6684854

Property Type Single Family Residence

Price Type --

Beautiful Augusta model features a renovated kitchen with granite counters and upgraded appliances. Hardwood floors and tile floors throughout, no carpet to clean! Great room boasts media wall with a cozy built-in fireplace. Aluma wood awning covers this huge patio overlooking the golf course. The picturesque views of the golf course and mountains can be enjoyed from all main living areas. Additional upgrades include a built-in BBQ, sunscreens, plantation shutters, security front entrance door and stone exterior. Both bathrooms renovated with the latest design trends. This move-in ready home is the perfect winter get-a-way that you've been looking for!

View Property

4002 N 113th Avenue Avondale, AZ 85392

$477,000

3 Beds

2 Baths

1,798 SqFt

Status Active

MLS # 6665765

Property Type Single Family Residence

Price Type --

Welcome to your new oasis in Avondale, AZ! This stunning 3 bed, 2 bath home boasts luxury and comfort at every turn. The expansive travertine patio leads you to a sparkling pool, perfect for entertaining or unwinding after a long day. Inside, you'll find a marble fireplace that adds elegance and warmth to the space. Upgraded light fixtures illuminate the open concept layout, showcasing the beautiful tile flooring throughout. The gourmet kitchen boasts top-of-the-line appliances and ample counter space for all your cooking needs. With 1798 sq ft of living space, this home offers comfort and style at every turn. Don't miss out on the opportunity to make this your forever home in Avondale!

View Property

22608 W Mohawk Lane Surprise, AZ 85387

New

$476,375

4 Beds

3 Baths

2,511 SqFt

Status Active

MLS # 6696912

Property Type Single Family Residence

Price Type --

Introducing the latest addition to Surprise, is Frontera in Mesquite Mountain Ranch. Available now is this new detached single-level home, situated on a corner next to a park, this charming one-story residence features four bedrooms, two and a half bathrooms, and a two-car garage. Boasting front yard landscaping, granite countertops, a generously sized kitchen island with a single bowl sink, tile flooring, stainless steel appliances, and a gas range, this home is designed for modern living. It also comes equipped with a smart home package, a gas tankless hot water heater, and Deako smart light switches for added convenience. Residents of Frontera, will have access to an array of community amenities, including hiking and biking trails, pickleball and basketball courts and play areas.

View Property

7123 Pair O Dice Road Show Low, AZ 85901

$476,000

3 Beds

2 Baths

1,404 SqFt

Status Active

MLS # 6573232

Property Type Single Family Residence

Price Type --

Beautifully remodeled 3 bed 2 bath home in the ideal location of Linden. Close to Show Low, shopping and restaurants, but with country living! This home has been lovingly remodeled this year with new flooring, a brand-new kitchen, fresh paint from floor to ceiling, a new roof and so much more! Take advantage of the beautiful yards, garden space, outside pavilion, fire pit and so much more! This home has indoor and outdoor space to entertain through all 4 seasons! Seller is directly related to the listing agent.

View Property