The Cost of Renting vs. Buying Today [INFOGRAPHIC] | Simplifying The Market http://files.simplifyingthemarket.com/wp-content/uploads/2018/03/27150933/Rent-vs.-Buy-STM-232x300.jpg 232w, http://files.simplifyingthemarket.com/wp-content/uploads/2018/03/27150933/Rent-vs.-Buy-STM-791x1024.jpg 791w" sizes="(max-width: 650px) 100vw, 650px">

Some Highlights:

  • Historically, the choice between renting or 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!