Historically, the choice between renting and buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.
To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to sign in. If you would like to create an HAR Account account, please click here.
![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2019/11/13132256/20191115-KCM-Share-549x300.jpg)
![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](https://www.har.com/go/to-url-28?url=https%3A%2F%2Ffiles.simplifyingthemarket.com%2Fwp-content%2Fuploads%2F2019%2F11%2F13132235%2F20191115-MEM-ENG.jpg)
Erase note
You currently have no custom folders