You can see why some cities are appealing when monthly payments of buying and renting are are similar in 5 of these 8 cities.

This post originally appeared on The Basis Point: Mortgage vs. Rent Payments In Zillow’s 4 Hottest & Coldest Cities

You can see why some cities are appealing when monthly payments of buying and renting are are similar in 5 of these 8 cities. More

Zillow just surveyed a panel of 100+ economists and real estate experts on 2020 home value growth in 25 large U.S. markets. Below are the top 4 markets that panelists expect to outperform and underperform. Below I’ve compiled home values, mortgage vs. rent payments, and other key stats for each of these hottest & coldest cities of 2020.

You can see why some cities are appealing when mortgage vs. rent payments are are similar in 5 of these 8 cities. Also some of these hot cities have improving job markets and incomes. Interesting stuff. Please reach out @thebasispoint with comments and questions. And see reference link below for the full list of cities.

ZILLOW’S TOP 4 CITIES EXPECTED TO OUTPERFORM IN 2020

– Median home value: $388,065

– Home values up 4.7% over past year

– Zillow predicts 2.8% rise within next year

– Median list price per square foot: $230

– Median price of homes currently listed: $400,000

AUSTIN MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $2,183

– Median rent: $1,772

– Median home value: $287,054

– Home values up 2.3% over past year

– Zillow predicts 1.0% rise within next year

– Median list price per square foot: $234

– Median price of homes currently listed: $324,900

– Median price of sold homes: $254,000

ATLANTA MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $1,650

– Median rent: $1,800

– Median home value: $245,618

– Home values up 4.9% over past year

– Zillow predicts 4.5% rise within next year

– Median list price per square foot: $153

– Median price of homes currently listed: $295,000

– Median price of sold homes: $237,700

CHARLOTTE MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $1,432

– Median rent: $1,500

– Median home value: $280,792

– Home values up 3.2% over past year

– Zillow predicts 2.7% rise within next year

– Median list price per square foot: $190

– Median price of homes currently listed: $329,000

– Median price of sold homes: $284,200

NASHVILLE MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $1,653

– Median rent: $1,700

ZILLOW’S TOP 4 CITIES EXPECTED TO UNDERPERFORM IN 2020

– Median home value: $1,373,630

– Home values up 0.1% over past year

– Zillow predicts 0.7% rise within next year

– Median list price per square foot: $1,073

– Median price of homes currently listed: $1,325,000

– Median price of sold homes: $1,336,800

SAN FRANCISCO MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $7,626

– Median rent: $4,495

– Median home value: $995,714

– Home values down 8.1% over past year

– Zillow predicts 1.8% fall within next year

– Median list price per square foot: $620

– Median price of homes currently listed: $929,000

– Median price of sold homes: $918,900

SAN JOSE MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $5,528

– Median rent: $3,395

– Median home value: $713,617

– Home values up 4.6% over past year

– Zillow predicts 3.5% rise within next year

– Median list price per square foot: $550

– Median price of homes currently listed: $859,000

– Median price of sold homes: $722,800

LOS ANGELES MORTGAGE VS. RENT PAYMENTS

– Mortgage* based on median home value & 10% down: $4,206

– Median rent: $3,600

– Median home value: $344,930

– Home values up 4.7% over past year

– Zillow predicts 4.5% rise within next year

– Median list price per square foot: $235

– Median price of homes currently listed: $339,850

– Median price of sold homes: $322,000