Yahoo Finance

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

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

1. Austin

– 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

2. Atlanta

– 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

3. Charlotte

– 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

4. Nashville

– 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

1. San Francisco

– 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