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5 Housing Markets Where You'll Break Even Fast When You Buy

Fourth-shortest break-even period: Riverside, Calif.
Break-even point: 2.2 years

Located some 60 miles east of Los Angeles, the Riverside area offers property buyers quick break-evens compared with renting because home prices there are soaring.

Zillow estimates the median Riverside home's value has risen 16.3% over the past year to reach $210,100 -- with another 17.2% gain forecast for the next 12 months.

Gudell says that beats paying the $1,588 a month that Zillow estimates the typical Riverside rental costs. " Big price appreciation gives you a very short break-even period," she says.

Would-be buyers will find that some 1,400 Riverside properties are for sale.

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