Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]

 

Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]

Some Highlights:

• The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
• Buying costs are significantly less than renting costs.
• The percentage of income needed to afford a median priced home is less than the historic norm.