- 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.
Here are some example of Owning vs. Renting
|Listing||Approx Monthly Rent||Approx Mortgage Payment **|
**Mortgages available To Qualified Buyers based on 3.5% down payment at 4% annual interest Rate based on 30 Year term. Included Taxes, Estimated Insurance & Condominium Association fees where applicable.