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The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

If you’ve ever thought that buying a home was out of reach – think again! Did you know that these days buying costs are actually significantly less than the monthly cost of owning a home?

If you’ve ever thought that buying a home was out of reach – think again! Did you know that these days buying costs are actually significantly less than the monthly cost of owning a home?

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • 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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