The current housing market has many people choosing to rent. While no city has everything, quite a few come close and rank high for renters searching for options that better fit their budget and lifestyle. This year, Charleston, SC, stole the show again, followed by Atlanta, GA, Sarasota, FL, and McKinney, TX, according to a new report from RentCafe.
Considering that mortgage rates maintained an upward trajectory in June, hitting 6.92% for a 30-year-fixed-rate loan, and the current average price of a home in the U.S. stands at $360,681, according to Zillow, now is a great time to rent. Not to mention that in most of the nation’s largest cities, renting is now far cheaper than buying.
