Renting vs. Buying…Which is Cheaper?

As home prices continue to appreciate locally, as well as nationally, it begs the question…Does renting become a more affordable option than buying a home?  

Well, in looking at the following interactive map from Trulia,  it currently shows for all 100 of the largest cities in our country it is cheaper to buy than to rent.  It looks like there are some pretty good deals in Michigan and parts or Indiana!  Portland/Vancouver shows that it is currently 36% cheaper to buy.  

We'll have to check back in later this year to see if there has been any cities slide into "the orange."


Posted on March 21, 2014 at 5:38 pm
Bill Grange | Category: Portland Oregon Real Estate Market

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