San Jose tops list of most expensive cities to buy or rent home in the country, report finds

It’s cheaper to rent a home in San Jose than buy one, though renters still pay steep prices in one of the most costly cities in the nation.

A report by real estate platform Clever ranks San Jose as the No. 1 most expensive city to buy and rent, out of the 50 most populous U.S. cities. The median buying price for a house in San Jose is about $1.5 million and the median home rental price is $3,331 monthly. The second most expensive city to buy a home is San Francisco at $1.1 million and third is Los Angeles at $925,000.