The Cost of Renting vs. Buying

With the housing market at an optimal time for buyers, many renters are wondering if now is truly the right time to consider buying a first home. In Chicago, we reported that it is, in fact, much more economical to buy a home rather than rent one - and now more than ever according to Zillow.

Check out this compelling infographic to learn more.

When the market requires, on average, 29.5% of your income to rent a home and a mere 15.3% to be able to buy one, the figures really don't even come close to one another. Buying a home is exceptionally economical, even for the Millennials who don't believe they have enough for a down payment (when in reality, most do.)

Wondering what these figures could mean for your situation? Have some questions or concerns? We'd love to talk with you. Don't hesitate to send us an email or give us a call, and we'll be happy to help find the best solution for your situation.

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Baird & Warner

2526 N Lincoln Ave
Chicago, IL 60614

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