The Cost of Renting vs Buying a Home
Posted by Diane Mullins on Sunday, November 17, 2019 at 8:09 AM
By Diane Mullins / November 17, 2019
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Some Highlights:
- Historically, the choice between renting and buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
- Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.
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