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.


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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