If you need assistance, please call 336-283-8687

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Wednesday, November 22, 2017   /   by Karin Head, Owner

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

20170623-Rent-vs.-Buy-STM-1046x1354.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 (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), 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!