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

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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


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Phone: 330-933-0339
Dated: May 2nd 2018
Views: 405
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4580 Stephen Circle NW Suite 100
Canton , OH
330-915-2269
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