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

JOHN RICE ASSOCIATE BROKER | REALTOR

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

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

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

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!

[button link=”https://johnricerealtor.com/first-time-buyers/” style=”note” color=”green”]FREE STRATEGY SESSION[/button]

Source: Michigan Real Estate Updates

We would love to hear from you!

Let’s connect and get you on the path to success!

get in touch