If you’ve been watching the housing market lately, this won’t surprise you—but the numbers are still eye-opening.

A new report from Construction Coverage shows just how wide the gap has become between owning and renting in Los Angeles. The median monthly mortgage payment is now around $6,240, while the median rent sits closer to $2,819.

That’s not a small difference—that’s more than double.

What Changed?

For years, buying a home was the smarter financial move. Lower interest rates and steady appreciation made ownership more affordable than renting in many markets.

That flipped in 2022.

Since early 2021:

• Mortgage rates have more than doubled
• Home prices are still about 33% higher
• Nationally, owning now costs about 20% more than renting

That’s a major shift from the 2010s when buying often came out ahead.

The Bigger Picture

It’s not just Los Angeles.

Out of 838 U.S. cities analyzed, only 95 still offer a cost advantage to buying—mostly in lower-cost areas like Texas, Georgia, Alabama, and parts of the Midwest.

Even then, that number keeps shrinking.

At the same time, renting isn’t exactly “cheap” in LA either:

• One-bedroom units average around $2,290
• Two-bedroom units can exceed $3,100

So while renting may be cheaper than owning right now, it’s still a stretch for many people.

So What Does This Mean for You?

Here’s the reality most people miss:

This isn’t just about monthly payments—it’s about timing, strategy, and long-term positioning.

• Rates will change
• Inventory will shift
• Opportunities will show up—but only if you’re ready

And depending on your situation, buying now might still make sense… or it might not.

That’s where experience matters.

Let’s Keep It Simple

If you’re thinking about:

• Moving out of a high-cost market like LA
• Selling a home that no longer makes sense
• Or figuring out if buying even works in today’s market

Start with real numbers—not headlines.

👉 Visit www.FrankRegina.com
Or call/text me directly at 702-460-4965

I’ll walk you through it straight—no pressure, no fluff, just what makes the most sense for you right now.