The Cost of Renting vs. Buying This Spring

Posted by Shane Andersen on Thursday, May 16th, 2019 at 8:28am.

 

The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] | MyKCM

We have talked about this before. Here is the most recent information if you are currently renting and trying to decide if it time to buy a home or not.

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 (27.7%) 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!

 

Thinking of selling and/or moving to Brookings, Volga, or any surrounding areas? Got questions? I’m here to help! Visit BrookingsHomeTeam.com for more details!

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