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The Cost of Renting vs. Buying Today [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"] Renting vs. Buying[/caption] [caption id="attachment_37281" align="alignnone" width="650"]The Cost of Renting vs. Buying Today [INFOGRAPHIC] | Simplifying The Market Renting vs Buying[/caption]

Some Highlights:

  • Historically, the choice between renting vs. buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), 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!