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Renting is Now Twice as Expensive as Buying

December 10, 2014

Zillow reports that, as of the third quarter of 2014, renting a home is now twice as expensive as buying one. Rents across the country are rising steadily, and renters can expect to spend about 30% of their income on their housing costs, while homeowners will spend just 15% on average. This means that now is a great time to buy! If you’re in Central Ohio, check out Century 21 Excellence Realty to start your house hunt, and save some money by buying your own home!

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