The Cost of Renting vs. Buying a Home

Some Highlights:

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

• Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.

• Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.