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Do You Know the Cost of Renting vs. Buying? (Infographic)

By Posted in - MN Real Estate on October 18th, 2016 0 Comments

cost of renting vs buying

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

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