Examining the data behind national median rent and home prices shows that the cost of monthly rentals is still more affordable than buying a home. However, in 26 of America\u2019s biggest cities, buying a home is over 20% or $323 cheaper on average than renting.<\/p>\n\n\n\n

So what cities make it more advantageous to buy? At the top of our list is Pittsburgh, Pennsylvania, where the price of owning a starter home is nearly 33% less than renting. Next on the list is Birmingham, Alabama, where the average homeowner saves over $375 or 30% over renting.<\/p>\n\n\n\n

The following cities on the list include St. Louis, Cleveland, Baltimore, and Louisville. However, one city that really stands out on our list is Virginia Beach, Virginia. What makes it different? Well, historically, coastal areas are among the most expensive places to rent and buy – just take cities like Miami, New York, and Los Angeles, for example.<\/p>\n\n\n\n

Virginia Beach is located at the mouth of the Chesapeake Bay on the Atlantic Ocean, giving it plenty of charm and diversity. The area is known for its immense arts and entertainment district, which is home to many family-friendly and other types of attractions. At the same time, the area features a flourishing dining scene, unique districts offering their own benefits, and let\u2019s not forget about its rich maritime history. The city is home to a 3-mile boardwalk and Oceanfront, which are the center of action in Virginia Beach. And did we mention the average home price is just over $300,000?<\/p>\n\n\n\n