The Cost of Renting vs. Buying a Home
Some Highlights:
- Historically, the choice between renting or buying a home has been a tough decision.https://www.zillow.com/research/renting/
- 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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Real Estate and Rental Overviews by Metro Area https://www.zillow.com/research/local-market-reports/