Posted 1/18/2024, 12:00:00 PM
Renting Remains More Affordable Than Buying in Most US Markets Despite Rising Prices
- Renting remains more affordable than buying in nearly 90% of US markets, despite higher costs
- Report shows median rents for 3-bedroom homes more affordable than buying in most counties
- Housing overall poses significant financial burden, accounting for over 1/3 of wages
- Midwest and South have most affordable rental markets; California and Florida among priciest
- Least affordable county for renters is Collier County, FL, requiring 153% of average wages