Buying a Home is More Affordable Than Renting in 66% of US Counties » Mortgage Masters Group

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The 2018 Rental Affordability Report released by ATTOM Data Solutions has stated that "buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.

The report found that "making monthly house payments on a median-priced home – including mortgage, property taxes and insurance – is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent)."

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Buying A Home Is More Affordable Than Renting In 54% Of US Counties According to attom data solutions’ 2018 rental Affordability Report, "buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report."

The tale that owners Pauric and Linda tell of creating their striking home is a lesson in creativity. Speedy sums revealed that the cost of a mortgage on this house would be less than the rent on.

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Why Should I Rent If a Mortgage Payment Is Cheaper? Counter to the overall trend, renting is more affordable than buying a home in 186 of the 540 counties analyzed for the report (34 percent), including Los Angeles County, California; Harris County (Houston), Texas; San Diego County, California; Orange County, California; Kings County (Brooklyn), New York; Dallas County, Texas; Queens County, New york; riverside county, California in the inland area of Southern California; King County (Seattle), Washington; and Santa Clara County (San Jose.

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