Buying A Home Is Cheaper Than Renting In The Majority Of The US

Buying A Home Is Cheaper Than Renting In The Majority Of The US

Image title


Not only is home ownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future.

 If you are ready and willing to buy, find out if you are able to today!

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.

Other interesting findings in the report include:

  • Average rent rose faster than income in 60% of counties

  • Average rent rose faster than median home prices in 41% of counties

  • While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, meet with The Mucci Team, who can help you find your dream home! 

*info provided by KCM


Sheila Croasmun Headshot
Author:
Phone: 330-224-1868
Dated: May 2nd 2018
Views: 199
About Sheila: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Buying A Home Is Cheaper Than Renting In The Majority Of The US - Not only is home ownership
Apr Preferred Vendor Winklers Painting And Wallpapering - In our business we see A LOT of
Did You Know About Buyers Agents - Did you know...our buyer's agents
Home Prices Simply A Matter Of Supply And Demand - Why are home prices still rising?

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Keller Williams Legacy Group
4580 Stephen Circle NW Suite 100
Canton , OH
330-915-2269
330-433-6010