Renting vs. Buying: What Does it Really Cost?

Rent-vs.-Buy-STM-1046x1354-791x1024

Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
  • Buying costs are significantly less than renting costs.
  • The percentage of income needed to afford a median priced home is less than the historic norm.