Sonya C Smith

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201 N. Civic Dr.

Walnut Creek, CA

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Percentage of Income Used in Renting vs. Buying A Home

The following graphic illustrates the percentage of income used when renting vs. buying a home. Right away you can see a big difference.
The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Historically, the choice between renting or 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 becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

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