Renting versus buying -- something a lot of Bay Area residents vacillate over.
There’s some major shifts in the market showing just how much more you’ll have to pay in order to own a home in the Bay Area.
Watch NBC Bay Area News free wherever you are
WATCH HERENumbers from realtor.com show the median rent in the San Francisco metro area, which includes parts of the North Bay, is about $2,100 and the typical mortgage payment is about $5,900.
In the South Bay, the median rent is about $3,400 and the typical mortgage payment is $6,600.
NBC Bay Area’s Business and Tech Reporter Scott Budman has more in the video player above.
It’s a question a lot of Bay Area residents ask themselves, buying or renting? New numbers show the difference between the two. Scott Budman reports.
Get a weekly recap of the latest San Francisco Bay Area housing news with the Housing Deconstructed newsletter.
SIGN UP 