{"id":2280,"date":"2018-04-23T10:00:24","date_gmt":"2018-04-23T10:00:24","guid":{"rendered":"https:\/\/thezakariagroup.com\/buying-a-home-is-cheaper-than-renting-in-the-majority-of-the-us\/"},"modified":"2018-04-23T10:00:24","modified_gmt":"2018-04-23T10:00:24","slug":"buying-a-home-is-cheaper-than-renting-in-the-majority-of-the-us","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/buying-a-home-is-cheaper-than-renting-in-the-majority-of-the-us\/","title":{"rendered":"Buying a Home Is Cheaper Than Renting in the Majority of the US"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/13132915\/20180423-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Buying a Home Is Cheaper Than Renting in the Majority of the US | Simplifying The Market\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/13132915\/20180423-Share-STM.jpg 750w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/13132915\/20180423-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p>The results of the <a href=\"https:\/\/www.attomdata.com\/news\/affordability\/2018-rental-affordability-report\/\"><em>2018 Rental Affordability Report<\/em><\/a><em>\u00a0<\/em>from<em>\u00a0<\/em>ATTOM\u00a0show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.<span id=\"more-37377\"><\/span><\/p>\n<p>The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.<\/p>\n<p>The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering <strong>79.5% of average wages<\/strong> on rent, while the most affordable market was Madison County, AL where <strong>22.3% of average wages<\/strong> went to rent.<\/p>\n<h4><strong>Other interesting findings in the report include:<\/strong><\/h4>\n<ul>\n<li><strong>Average rent rose faster than income in 60% of counties <\/strong><\/li>\n<li>Average rent rose faster than median home prices in 41% of counties<\/li>\n<li>While median home prices rose faster than average rents in 58% of counties<\/li>\n<\/ul>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let\u2019s get together to find your dream home.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results of the 2018 Rental Affordability Report\u00a0from\u00a0ATTOM\u00a0show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least affordable market for [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[110,98,99,102,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buying a Home Is Cheaper Than Renting in the Majority of the US - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/buying-a-home-is-cheaper-than-renting-in-the-majority-of-the-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying a Home Is Cheaper Than Renting in the Majority of the US - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"The results of the 2018 Rental Affordability Report\u00a0from\u00a0ATTOM\u00a0show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. 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