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.
Study: Buying home more affordable than renting
Police: Driver tries to hit pedestrian, later dies in north Charlotte wreck
Woman shot, killed while in town for sister-in-law's funeral, police say
Teen killed day before birthday in Steele Creek shooting, police say
Bank places 'lucky pennies' in Charlotte worth $1,000 each