Boston has been ranked tenth in the nation for cities where it is better to rent versus buy a home, according to real estate website Trulia.com’s Rent vs. Buy Index.
Other cities ranked for renting being more affordable than buying were New York City, N.Y.; Seattle, Wash. and Fort Worth, Texas, according to the index. Arlington, Texas; Fresno, California and Miami, Florida were ranked as locations that were better to buy a home versus renting one.
"Choosing to buy a home or continue to rent is a highly personal financial and life decision that many people are grappling with right now," said Pete Flint, CEO and co-founder of Trulia. "In the wake of the foreclosure crisis and ongoing struggles in the industry, we created the Rent vs. Buy Index to provide a bit more context about current marketplace conditions to help prospective buyers make the right decisions for their own personal situations."





