In this Article...
In a recent analysis, buying a home is shown to be more cost-effective than renting in 22 out of the top 50 metropolitan areas. Charlotte Lemon, a Realtor at Charleston Home, emphasizes the importance of consulting a local expert to determine the best financial option for your situation.
Buying Beats Renting in These Top Cities
Some Highlights
- Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.
- Make sure you work with a pro who can help you crunch the numbers and see how your city stacks up.
- This may be your opportunity to forget renting for good. If you want to see which option makes the most sense in your area, connect with a local agent.
