The Best Big Cities for Renters

By Suzanne Woolley - 2013-03-06T21:30:30Z

Photograph by Brent Winebrenner

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No. 7 (tie): San Jose

Breakeven horizon: 3.3 years

Zillow Rent Index:  4.5%

Homes sold at a loss: 33.50%

In San Jose, home to more than 6,600 technology companies, people prefer to buy, says Zillow's Humphries. It's certainly a flush bunch: The median annual income in Silicon Valley's center tops $92,500, and the median home value of $554,600 is up 16.5 percent. Rent was up 4.5 percent. The housing situation in the Bay area (San Jose as well as San Francisco) is similar to Austin's, with an economy doing well and an unemployment rate below the national average.