Many Renters Would Be Better Off Buying

In Most Places Buying Is Cheaper Than Renting
Many renters would be better off buying a home than continuing to pay steep rental costs, finds a new study. The monthly payment on a median priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76 percent of the U.S. counties, according to Residential Rental Property Analysis, which encompassed 461 counties nationwide with populations of at least 100,000. Overall Researchers found that fair market rents represented 28 percent of the estimated median household income, read more.