Buying a Home in Los Angeles Is Twice as Expensive as Renting, Report Shows

Angelenos’ dream of buying a home crushed as new report reveals unfathomable numbers

The median monthly mortgage in LA came in at $6,240 a month compared to the median monthly rent cost of $2,819, according to the latest report from Construction Coverage.

Buying a home in Los Angeles is twice as expensive as renting, report shows

Buying a home in Los Angeles costs twice as much as it does to rent, according to a new report by the construction industry researcher Construction Coverage. The median monthly mortgage payment in Los Angeles, including property tax, is $5,709, the report shows. The median monthly rent, meanwhile, is $2,742, making home ownership more than [...]

Buying a Home Now Costs More Than Renting in Most U.S. Cities—Including Rochester

ROCHESTER, N.Y. —  A new national housing analysis shows that for most Americans—including those in upstate New York—the long-standing belief that buying a home is cheaper than renting has largely flipped. According to a report by Construction Coverage, rising home prices and higher mortgage rates have made buying more expensive than renting in the majority of U.S. cities. As of early 2026, the typical monthly mortgage payment is about 20% highe…