Around these parts, the situation is a bit different. With rural land selling for anywhere between $2K and $10K per acre (depending on how far out you go), and much of it reasonably flat, it would be pretty easy to justify buying land for a runway / hangar versus renting a hangar... However, SWMBO does NOT want to move because we're on a great piece of property with great neighbors 1/4 mile away. Honestly, I don't really want to go through all that again either...
All the local airports that have rental hangars have huge waiting lists, and they can (and do) charge ridiculous rents. I'm paying $650/month for a 50 ft T-hangar (all that was available) at an airport 20 minutes from the house. With a 7,002-ft paved runway, it's nice for my current Rockwell Commander 114, but definitely "overkill" for my "work in progress" Bearhawk Patrol. It will probably use about 250 feet of that runway!. But at least we have a great tower crew, nice FBO, and pretty good maintenance shop on field. They just put in self-service fuel, although they're still getting the permits in place and haven't turned it on yet.