Rents have risen to such a height in Chicago that it now takes only two years of owning for buying to make more sense than renting.
According to a new report from Zilliow, the break-even point for Chicago is down five months from a year ago. That compares to a nationwide average of one year and eight months.
Indianapolis has the shortest break-even time in the 35 largest metros at one year and two months. Washington, D.C. and San Diego are at the other end of the spectrum, where it takes three years and seven months to break even.
Read more at Crain's Chicago here.