Atlanta

rent buy atlanta
  • % saved buying: 52%
  • Median home price : $130,000
  • Median rent: $1,350

Home prices in the Atlanta metro area have remained cheap as bargain seekers look to the city's far-flung suburbs for the best deals.

That's helped to keep the median price of homes in the Deep South's biggest city very affordable, at a median of $130,000, according to Trulia.

Rents are reasonable too, about 10% below the national median.

But with the cost of buying a home so low and mortgage rates still such a great deal, the buy-versus-rent calculation works out much more favorably for buyers.

First published March 3, 2014: 12:09 PM ET
Source: Trulia
In order to get a more accurate comparison, Trulia estimated sale prices and rents for similar homes in similar neighborhoods, instead of using the average sale price or rental rate. It further calculated the initial total monthly costs of owning and renting, including maintenance, insurance and taxes, as well as future costs of owning and renting, such as price and rent appreciation and inflation. Trulia also included one-time transactional costs, including down payments, sales proceeds and security deposits. It assumes that buyers get a 30-year fixed mortgage with a 4.5% rate and put 20% down and that residents stay in their home for at least seven years.

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