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Julie Larson REALTOR®  941-284-9826

Mary Lou Hetman REALTOR®  941-320-1575

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Buying Remains a Lot Cheaper than Renting in Florida

Buying Remains a Lot Cheaper Than Renting in Florida!

Buying Remains Cheaper Than Renting in 39 States! | MyKCM

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39 states, it is actually ‘a little’ or ‘a lot’ cheaper to own (represented by the two shades of blue in the map below).

Buying Remains Cheaper Than Renting in 39 States! | MyKCM

One of the main reasons owning a home has remained significantly cheaper than renting is the fact that interest rates have remained at or near historic lows. Freddie Mac reports that the current interest rate on a 30-year fixed rate mortgage is 3.91%.

Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.

Bottom Line

Buying a home makes sense socially and financially. If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let’s get together to determine if you can qualify for a mortgage now! Call Julie Larson at 941-882-0322 or complete the form below…

~Keeping Current Matters
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Posted in: Bradenton Real Estate, Buyer Resources, Casey Key Real Estate, Charlotte County Real Estate, Condos, Englewood Real Estate, for sale south venice, Lakewood Ranch Real Estate, Lido Key Real Estate, Manatee County Real Estate, Manatee County Real Estate Resources, New Homes New Construction, New Homes New Construction, Nokomis Real Estate, North Port Real Estate, Osprey Real Estate, Palmetto Real Estate, Parrish Real Estate, Pet Friendly Condos, Pet Friendly Townhomes, Pet Friendly Villas, Real Estate, Sarasota County Real Estate, Sarasota Real Estate, Sarasota Real Estate Resources, Siesta Key Real Estate, Suncoast Real Estate Market Reports, Venice Real Estate Tagged: buying a home in sarasota, buying house in sarasota, renting vs owning

About Julie Larson, Realtor with White Sands Property Group FL

Julie loves the Sarasota's Suncoast area and gets a lot of joy out of matching up home buyers with home sellers and creating a win-win situation for all involved.

ThinkSuncoast.com is your one-stop real estate resource for Sarasota and the surrounding areas.

Your questions and comments are always welcome! Call or text 941-284-9826, email Julie@ThinkSuncoast.com or by using the form on our Contact page!

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Contact Julie Larson

 
 
 
 
 
 
 

Julie Larson, Realtor®
941-284-9826
Julie@ThinkSuncoast.com

Julie Anne Larson LLC

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White Sands Realty Group Florida
1990 Main Street Suite 750
Sarasota, Florida 34236
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