Study: Buying home more affordable than renting

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CHARLOTTE, N.C. - If you live in the Charlotte area, buying a home makes a little more sense than renting right now -- but just barely.

According to a review by Deutsche Bank, renters spend more for housing in the Charlotte market than homeowners.

The average rent in Charlotte is $819 a month, but the average price of a home is $220,000.

The study also found that in areas like Charleston, South Carolina -- where homes are more expensive -- renting is a better option.