The Cost of Renting vs. Buying

Dated: May 3 2019

Views: 72

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

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

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!
Blog author image

Boyd Smith

With over 30 years experience in Residential Real Estate and Brokerage Management, my goal has always been to foster the company with the most professional and successful associates in the business. ....

Latest Blog Posts

Will Mortgage Rates Remain Low Next Year?

Will Mortgage Rates Remain Low Next Year?In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows

Read More

Making a Home for the Brave Possible [INFOGRAPHIC]

Making a Home for the Brave Possible [INFOGRAPHIC]Some HighlightsVA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their

Read More

Reasons Why the Election Won’t Dampen the Housing Market

4 Reasons Why the Election Won’t Dampen the Housing MarketTomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life

Read More

4 Reasons Why the Election Won’t Dampen the Housing Market

4 Reasons Why the Election Won’t Dampen the Housing MarketTomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life

Read More