In 2020, San Jose-Sunnyvale-Santa Clara in California was the most expensive metropolitan area for both renting and owning a home in the United States. The median monthly housing costs for owners in 2020 were 2,609 U.S. dollars, whereas for renters they were 2,378 U.S. dollars. In all thirty metropolitan areas, renting was more affordable than buying. As of February 2021, the average rent for a three bedroom apartment was
Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area (in U.S. dollars)
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Other statistics that may interest you Rental market in the United States
Overview
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- Premium Statistic Share of renter households in the U.S. 2022, by state
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Rental housing stock and supply
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- Premium Statistic Number of renter occupied homes in the U.S. 1975-2022
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Renter profile
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- Premium Statistic Share of residents who are renters in the U.S. 2022, by age
- Premium Statistic Living arrangements of renters in the U.S. 2022
- Premium Statistic Size of renter households in the U.S. 2022
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- Premium Statistic Share of renters in the U.S. 2022, by structure type
Rental costs
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- Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2023
- Premium Statistic Average monthly apartment rent in the U.S. 2017-2023, by apartment size
- Premium Statistic Rent for small and medium apartments in the U.S. 2023, by state
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Rental costs in the largest cities
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- Premium Statistic Monthly apartment rent and rental growth in New York City, NY 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Los Angeles, CA 2018-2023
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- Premium Statistic Monthly apartment rent and rental growth in Houston, TX, 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Phoenix, AZ, 2018-2023
Rental affordability and homeownership plans
7
- Premium Statistic House price to rent ratio index in the U.S. 2015-2023, per quarter
- Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2023, by state
- Basic Statistic Gross rent as a share of household income in the U.S. 2022
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by age group
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- Premium Statistic Main reasons non-owners do not currently own a home U.S. 2022
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Further related statistics
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- Number of employees at China Vanke 2010-2022
- Total assets of China Vanke 2022
- Number of CBRE Group employees 2009-2023
- Number of employees in the U.S. offices of real estate agents and brokers 2010-2016
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Joint Center for Housing Studies. (November 19, 2020). Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area (in U.S. dollars) [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1219199/median-renter-and-owner-housing-costs-united-states-by-metropolitan-area/
Joint Center for Housing Studies. "Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area (in U.S. dollars)." Chart. November 19, 2020. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1219199/median-renter-and-owner-housing-costs-united-states-by-metropolitan-area/
Joint Center for Housing Studies. (2020). Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area (in U.S. dollars). Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1219199/median-renter-and-owner-housing-costs-united-states-by-metropolitan-area/
Joint Center for Housing Studies. "Median Monthly Cost of Owning and Renting in Selected Metropolitan Areas in The United States in 2020, by Metropolitan Area (in U.S. Dollars)." Statista, Statista Inc., 19 Nov 2020, https://www.statista.com/statistics/1219199/median-renter-and-owner-housing-costs-united-states-by-metropolitan-area/
Joint Center for Housing Studies, Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area (in U.S. dollars) Statista, https://www.statista.com/statistics/1219199/median-renter-and-owner-housing-costs-united-states-by-metropolitan-area/ (last visited June 10, 2024)
Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area (in U.S. dollars) [Graph], Joint Center for Housing Studies, November 19, 2020. [Online]. Available: https://www.statista.com/statistics/1219199/median-renter-and-owner-housing-costs-united-states-by-metropolitan-area/