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 nearly 1,300 U.S. dollars.
Median monthly cost of owning and renting in selected metropolitan areas in the United States in 2020, by metropolitan area
(in U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 January 08, 2025, 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 January 08, 2025. 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: January 08, 2025. 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 January 08, 2025)
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/
