The Cost of Renting vs. Buying a Home [INFOGRAPHIC]
![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](https://img.chime.me/image/fs/chimeblog/wp-migration/1029/20260608/16/original_f00604a4b761423783cf340ce30e4f34.jpg)
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 (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), 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!
Categories
Recent Posts
The Home Insurance Move That Could Save You $440 a Year
Credit Scoring Is Changing: 3 Things Homebuyers Should Know
Don't Let the Fear of a Buyer Backing Out Scare You Away from Selling
Who’s Buying Homes with Cash Right Now?
Why Builders May Be More Motivated To Sell Than Homeowners
Why More Buyers Are Turning To Adjustable-Rate Mortgages Today
To Sell or Rent? How To Choose the Best Path for Your House.
Confused by Home Price Headlines? Here’s Why.
Want a More Affordable Home? Don’t Overlook Condos.
The Biggest Credit Hurdle for Renters Who Want To Buy