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Home prices have risen, driven by population growth, low interest rates and a strong economy.
Monthly mortgage payments may be higher than rent, but they contribute to building equity in the property.
Homeowners also benefit from potential tax benefits such as deductions on mortgage interest and when paying property taxes.
Here are key takeaways from these seven major cities in Arizona.
Curious what this looks like in other regions?Heres the cost of renting versus buying in every state.
First GOBankingRates found the top 100 cities by population as sourced from the U.S. Census American Community Survey.
The average rental cost was sourced from the Zillow Observed Rental Index for each city.
All data was collected on and is up to date as of July 15, 2024.
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