You may be referring to the average rent compared to the average mortgage on a home. But they are not equal. The average rented place in the valley does not hav

You may be referring to the average rent compared to the average mortgage on a home. But they are not equal. The average rented place in the valley does not have the amenities and comforts of the average owned home. If location, comforts, size and all other factors are equal, you will probably find that the cost to rent is almost equal to the cost to own.