Shocking disparities revealed in 50 major metro areas [Video]

Housing affordability has reached its lowest point in decades due to a surge in home prices and mortgage rates.

It is now cheaper to rent in all 50 of the largest metro areas in America than it is to buy a starter home. 

The newest report from Realtor.com examined the 50 top metro areas and compared the median monthly payment for a starter home with the cost to rent an apartment.

Rent prices are changing thanks to ‘apartment-building boom’ – what renters should expect

The report found that Atlanta was in the middle of the list. The average monthly payment for a starter home in Atlanta is $2,453, while the average monthly cost to rent an apartment is $1,613—a difference of $840 or 52.1%.

The top 10 metros with the largest rent vs. buy savings are:

1. Austin-Round Rock-Georgetown, Texas – $2,165 monthly rent savings (141.5% difference)
2. Seattle-Tacoma-Bellevue, Wash. – $2,422 (121.1%)
3. Phoenix-Mesa-Chandler, Ariz. – $1,528 …