Detroit and Pittsburgh are the only major US cities where it is cheaper to buy a home than rent one, new analysis shows.
The two Rust Belt cities have the lowest average listing prices of the 50 largest metro areas, according to . As a result, mortgage payments are lower than elsewhere too.
In Pittsburgh, , the average home was listed at $229,700 in January, with a monthly mortgage of $1,199 - more than $200 less than the city’s typical rent of $1,413.
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