CityStateBreakeven time in years
| New York | N.Y. | 5.1 |
| Los Angeles | Calif. | 4.3 |
| Chicago | Ill. | 2.8 |
| Dallas | Texas | 2.1 |
| Philadelphia | Pa. | 3 |
| Washington | D.C. | 3.5 |
| Miami | Fla. | 1.6 |
| Atlanta | Ga. | 2.5 |
| Boston | Mass. | 4.3 |
| San Francisco | Calif. | 5.9 |
| Detroit | Mich. | 1.7 |
| Riverside | Calif. | 2 |
| Phoenix | Ariz | 1.7 |
| Seattle | Wash. | 4 |
| Minneapolis | Minn. | 2.7 |
| San Diego | Calif. | 3.6 |
| Tampa | Fla. | 1.6 |
| St. Louis | Mo. | 2.5 |
| Baltimore | Md. | 2.8 |
| Denver | Colo. | 2.5 |
| Pittsburgh | Pa. | 2.1 |
| Portland | Ore. | 3.5 |
| Sacramento | Calif. | 3.1 |
| Orlando | Fla. | 1.7 |
| Cincinnati | Ohio | 2.1 |
| Cleveland | Ohio | 2.4 |
| Las Vegas | Nev. | 1.7 |
| San Jose | Calif. | 8.3 |
| Columbus | Ohio | 2.4 |
| Charlotte | N.C. | 2.7 |
I'm sure this could be a little biased towards purchasing a home since it was Zillow that did the report. As we see all the time in politics it can be easy to scew statistics to meet your needs. I'm not sure if they accounted for repairs, commissions, increase in taxes, etc. It definitely doesn't account for the fact that not everyone is well suited to be a home owner. However, even if it is off by a few months, it is still pretty compelling to see how quickly you can turn home ownership into a great investment.
As i keep telling people, this is probably one of the best times we have ever had to buy a home. Interest rates are low, prices are still down from a 5-6 years ago, and there is still inventory to choose from. Try our Map Search to see what is out there, and then give us a call for a showing. You won't regret it!
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