The Cost of Buying Versus Renting

Posted by Laine Smith on 5/27/15 2:09 PM

Topics: Home Buying

In 2014, U.S. renters collectively paid over $441 billion in rent, up nearly 5 percent or $20.6 billion from 2013, according to a report done by Zillow. Rent inflation hit its highest acceleration rate in six years in November 2014 and is expected to increase 4 more percent by the end of 2015. If you are on the fence about buying a home, this is infographic lays out what the price of renting vs. buying is today.

Buying_vs_Renting

For more information about homebuying and home financing, download our free Mortgage 101 Handbook for everything you need to know about starting your homebuying journey.

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