It is now cheater to buy then to rent! Buying vs. Renting.

It is now cheater to buy then to rent! Buying vs. Renting.

According to Zillow.com, the average rental property in the U.S is $1,300 a month. The average or the median represent the middle, there will still be some properties lower and some higher, but on average properties are renting for 1,300 dollars a month.  Overall, with the exception of Los Angeles, the median price for rental has rose 2.8% since 2010.

So, what kind of home could be purchased in the current market for 1,300 a month?    Well, because interest rates are only 4%, a home for $200,000 will cost around $920.00 a month. Good news buyers, there’s currently over 700 central Florida properties listed for 200,000.

Image monthly payments of a little more than $700.00, wow, that’s what it would cost after buying a home for $150,000 at 4% in interest. There is currently over 800 central Florida properties list at that price. Surely, there no need to keep doing the math here; buying a home is sufficiently cheaper than renting.