Rent payments in many cities are now higher than mortgages.

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In most of the major metropolitan markets, rents are higher than the cost of mortgages.

Memphis, Miami and Atlanta lead a number of large metropolitan areas where rents are higher than regular mortgage payments, according to a real estate website. Zillow

The company says that of the 50 largest metropolitan areas in the US, 33 typically have higher rents than typical monthly mortgage payments, including insurance and taxes.

Highlighted metro areas in the Midwest and Coastal South. The typical rent in Memphis in July was $ 1504, and the typical monthly mortgage payments were only $ 948. In this metro, the difference between rent and mortgage is $ 556.

Miami came in second with a rent-to-mortgage margin of $ 522, followed by Atlanta with $ 424.

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The great reshuffle and the opportunity to work from home interrupted or dramatically extended travel to work for millions of Americans and opened up new opportunities for them to live where they have always dreamed of. A recent Gallup poll found that 52% of U.S. workers work at least partly remotely, and 33% work completely remotely.

US rent growth has slowed sharply since the coronavirus outbreak, but recovered quickly in 2021. A recent market report from Zillow showed that rents rose annually in July in all 50 major metros.

Top 10 Metro Rentals to Save Money:

1. Memphis
Typical monthly rent: $ 1504.
Typical monthly mortgage: $ 948.
Difference: $ 556
Rating by size: 41

2. Miami
Typical monthly rent: $ 2,249.
Typical monthly mortgage: $ 1,727.
Difference: $ 522
Rating by size: 8

3. Atlanta
Typical monthly rent: $ 1,787.
Typical monthly mortgage: $ 1,363.
Difference: 424 $
Rating by size: 9

4. Birmingham
Typical monthly rent: $ 1271.
Typical monthly mortgage: $ 868.
Difference: $ 403
Rating by size: 49

5. Tampa
Typical monthly rent: $ 1819.
Typical monthly mortgage: $ 1,435.
Difference: 384 $
Rating by size: 19

6. Indianapolis
Typical monthly rent: $ 1375.
Typical monthly mortgage: $ 1,044.
Difference: 331 $
Rating by size: 33

7. Orlando
Typical monthly rent: $ 1,758.
Typical monthly mortgage: $ 1,444.
Difference: $ 314
Rating by size: 27

8. Charlotte
Typical monthly rent: $ 1,628.
Typical monthly mortgage: $ 1339.
Difference: $ 290
Rating by size: 24

9. Oklahoma City
Typical monthly rent: $ 1210.
Typical monthly mortgage: $ 931.
Difference: $ 279
Rating by size: 42

10. Detroit
Typical monthly rent: $ 1387.
Typical monthly mortgage: $ 1119.
Difference: $ 268
Rating by size: 12

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