Please keep in mind that every U.S. market is not the same. To find out if your market is a rent or a buy market, visit the Beracha, Hardin, & Johnson Buy vs. Rent Index.
Some Highlights of this Infographic:
- Historically the Percentage of your income needed to afford a home vs. renting was a much closer margin. Making renting make sense.
- Now… Renting will cost you 30.1% of your income compared to buying a median home at 15.3% of your income.
- Either way you’re paying a mortgage… why not have it be yours?
