- Avil Soleiman
Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC]
![Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC] | Simplifying The Market](https://static.wixstatic.com/media/a54a47_dc2d7ffe8d4748788f65982a32f8ddef~mv2.jpg/v1/fill/w_1000,h_1294,al_c,q_90,usm_0.66_1.00_0.01/a54a47_dc2d7ffe8d4748788f65982a32f8ddef~mv2.jpg)
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!