In Cincinnati “Renting or Buying”: What Does it Really Cost?

Keeping Current Matters continues to make things simple when it comes to residential real estate.  As rents continue to climb many renters are beginning to question the wisdom of renting.  As you can see in the inforgraphic below the gap has narrowed.

[INFOGRAPHIC] | Simplifying The Market
Some Highlights:

• The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
• Buying costs are significantly less than renting costs.
• The percentage of income needed to afford a median priced home is less than the historic norm.

Still not sure if you are paying too much rent try out this calculator.  Still not sure take a few minutes to talk to your lender (bank, credit union, mortgage broker) and find out what it will cost you.