12 cities: Where to buy and where to rent

11 of 12

Nashville: Buy

Average list price: $202,368

Average monthly rent : $1,211

Price to rent ratio: 13.93

Nashville's undervalued real estate makes it another city where purchasing a home is more affordable than renting, according to Trulia.

"Prices are so far below where they were several years ago that you can now buy cheaper than you can rent," said Marcie Sweet, a realtor at Keller Williams Realty. "I just sold a typical 'McMansion' of 5,000-plus square feet here in Nashville for $799,000 that would have sold for close to a million just a few years ago."

NEXT: San Diego, Calif.: Rent

Last updated October 11 2010: 11:53 AM ET

Home Shopping

The yuppie dream house?

The upper-middle class lifestyle has many trappings, including the house. Here's what 4-bedroom, 2-bath homes in good neighborhoods cost across the country. More

Inside Jerry Garcia's house

The last home of the Grateful Dead's lead guitarist is on the market. The expansive Mediterranean, found in the hills north of San Francisco, is going for a cool $4 million. More

8 vacation homes to buy now

The best vacation-home buying season is fall, when prices are cheapest. This year, low mortgage rates make the deals even better. Here are 8 good options. More

Find Homes for sale
- City, state, or zip
- Price range
  to

Property Type
Find a home in:
New York | Atlanta | Chicago | Los Angeles
Washington D.C | Houston | Philadelphia | More options

Mortgage & Savings Center

Overnight Avg Rate	Latest	Last Week
30 yr fixed	3.80%	3.88%
15 yr fixed	3.20%	3.23%
5/1 ARM	3.84%	3.88%
30 yr refi	3.82%	3.93%
15 yr refi	3.20%	3.23%

Rate data provided
by Bankrate.com

View rates in your area

Find personalized rates:

Today's featured rates:

*Rates subject to change

Special Offer