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Historical cost of renting vs buying

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rent vs buy

Wondering whether it makes more sense to buy or rent? There are many factors to consider, but from a purely financial standpoint, the average percentage of income needed to afford median rent is now 27.7% vs 17.5% for a median home… a big difference from historical averages of 25.8% for median rent vs 21.1% for a median home.

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I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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