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The Cost of Renting vs. Buying in the US

Posted by Brent Wells on Friday, June 23, 2017 at 4:56 PM By Brent Wells / June 23, 2017 Comment

Renting 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 (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), 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!

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