Jacksonville, Fla.: Buy
Average list price: $118,178
Average monthly rent : $888
Price to rent ratio: 11.09
Another Florida city in the top ten best places to buy rather than rent, home-shoppers looking for a deal in Jacksonville are in luck. Cynthia Thomas, an agent at Coldwell Banker Vanguard Realty, said she recently worked with a customer whose current mortgage payment on a new townhome is less than what she was paying to rent a one bedroom apartment.
"If you have a stable job, you're crazy to rent in Jacksonville," said Thomas. "Interest rates are fabulous and there's a huge amount of inventory so the selection is amazing, with a lot of bargains out there because of how many short sales and foreclosures there have been."
NEXT: Arlington, Texas: Buy
Last updated October 11 2010: 11:53 AM ET
