Rent Vs Own The Best Option In Each State

Rent Vs Own The Best Option In Each State

Home prices may be on the rise across the country, but you’re still better off buying a home in most states in the U.S. than renting one. Consumers in only 11 states will find renting more affordable than buying a home, according to a new study by GOBankingRates, a personal finance website. 

GOBankingRates analyzed the cost of renting versus owning a home in all 50 states and the District of Columbia. Researchers looked at estimated rent prices for all homes listed on a real estate website. It then calculated the estimated monthly mortgage to own a home in each state, based on the median list price of homes, a 20 percent down payment, and a 30-year fixed-rate loan.


Source: http://realtormag.realtor.org/daily-news/2017/07/26/rent-vs-own-best-option-in-each-state?tp=i-H43-Bb-PA-LLO9-1p-EEk8-1c-LKgE-1ZtWHF&om_rid=5087109%20&Om_ntype=RMOdaily&om_mid=1560




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Phone: 214-245-9068
Dated: July 26th 2017
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