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The Cost of Renting vs. Buying a House

Sunday, November 17, 2019   /   by Angel Murillo

The Cost of Renting vs. Buying a House


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.

  house hunting, first time home buyer, real estate, new home, mortgage