Buying Myths, First Time Home Buyers, For Buyers,

Sell my Home In Queens NY | Buying a Home Is Cheaper Than Renting in the Majority of the US State?

New York City Real Estate Team helps you find the newest Queens real estate listings. By analyzing information on thousands of homes for sale in Queens, New York.

If you are selling a home in Queens or Brooklyn, selling a NY Condo or Coop or Selling a NY Property be sure to call Team Realty Real Estate for a Complimentary Queens or Brooklyn Home Valuation. If you are in the market to rent, we feature an extensive inventory of QUEENS HOUSES FOR RENT…

•Astoria	•Jamaica Estates	•Long Island City	•Sunnyside
•Forest Hills	•Kew Gardens	•Howard Beach	•Bayside
•Glendale	•Elmhurst	•Richmond Hill	•College Point
•Flushing	•Jamaica	•Brooklyn	•Long Island

Our topic today Buying a Home Is Cheaper Than Renting in the Majority of the US State?

The results of the 2018 Rental Affordability Report from ATTOM show 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 renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

Average rent rose faster than income in 60% of counties
Average rent rose faster than median home prices in 41% of counties
While median home prices rose faster than average rents in 58% of counties

Bottom Line

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’s get together to find your dream home.