Listed Simply Blog

LIsted-Simply-with-Background-Circle-Logo

800-995-5879

support@listedsimply.com

8am to 8pm PST M-F

10am to 3pm PST Sat | Closed Sunday

Table of Contents

Buying a Home Is Cheaper Than Renting in the Majority of the US

Buying a Home Is Cheaper Than Renting in the Majority of the US | Simplifying The Market

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.

The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

  • Average rent rose faster than income in 60% of counties
  • Average rent rose faster than median home prices in 41% of counties
  • While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.

Powered by WPeMatico

  • About Listed Simply

    Listed Simply has been helping homeowners sell their homes for a flat fee since 2013. From do it your self options to full agent support, we're here to help you save during the sale of your home.

  • Want To Sell, But Don’t Know Where To Start? Download Our Free Book

    No talking to anyone, just get the book...

  • Sell Your Home For a Flat Fee, No Commissions, No Hidden Fees.

  • List On The MLS For Only $149.

  • Recent Posts