Housing affordability: the real monthly payment

At today's 6.72% rate, the payment on the typical home (20% down, 30yr):

MetroTypical homeP&I/moTypical rent
New York, NY$737,078$3,811$3,627
Los Angeles, CA$964,934$4,989$2,944
Chicago, IL$360,262$1,863$2,253
Dallas, TX$364,793$1,886$1,667
Houston, TX$307,772$1,591$1,654
Washington, DC$579,812$2,998$2,456
Philadelphia, PA$392,329$2,029$1,925
Miami, FL$477,769$2,470$2,677
Atlanta, GA$381,872$1,975$1,855
Boston, MA$742,341$3,838$3,165
Phoenix, AZ$445,924$2,306$1,727
San Francisco, CA$1,136,810$5,878$3,372
Riverside, CA$586,798$3,034$2,547
Detroit, MI$270,370$1,398$1,531
Seattle, WA$740,579$3,829$2,282

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