The Cost of Renting vs. Buying

Posted by Cindy Allen - Buyer's Agent on Monday, February 20th, 2017 at 2:25pm

Rent verses Buy

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

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