Tag Archives: is it cheaper to rent or buy

The Cost of Renting vs Buying

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cost of renting vs buying

Some Highlights

  • The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.
  • This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power.
  • If you’d like expert guidance on exploring your home buying options while affordability is high, reach out to a local real estate professional.

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The Cost of Renting vs Buying

Posted on by
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rent vs buying

Some Highlights:
*Historically, the choice between renting or buying a home has been a tough decision.
*Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
*Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
*Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
*Contact a real estate professional to assist you.