The Cost of Renting vs. Buying
- 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!