Report: In rent-vs.-buy debate, Baton Rouge, New Orleans housing markets lead nation in key metric _lowres

Advocate Staff Photo By Liz Condo -- A For Sale sign advertises a recently sold home in Baton Rouge in August 2006.

To buy or to rent?

It’s usually cheaper to buy a home than rent one in most places in the U.S. — 35 percent cheaper on average in the early part of 2015, according to a new report from Trulia, a real estate website.

And for residents in two Louisiana housing markets the decision to buy is a slam dunk:

In Baton Rouge, it was 53% cheaper to buy.

In New Orleans, it was 52% cheaper to buy.

Trulia’s Rent vs. Buy Report assumes a traditional 30-year fixed rate mortgage with a 20% down payment. But for those looking to buy a home, apartment, or condo with homeowner association fees, the extra cost could make renting a more attractive option.

See the full Trulia report here.