What is the Cost between Renting and Buying a home in Southern Maryland
Historically the the percentage of income needed to afford the Median Rent was 25.8%. Now the Median is 28.9% Along with the Percentage of Income needed to afford a medium price home was 15.7 Percent.
If you are renting and think you cant afford afforded home….Think Again. Buy Cost Significant Less than renting. Buying cost significantly less than renting. Either way youre paying a mortgage, why not have it for youself.
- Historically, the choice between renting or buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
Find out your Homes Value in Southern Maryland today by filling and submitting the form.
If you are looking to Buy a Home in Southern Maryland, hire a Southern Maryland Realtor to help you find the Home you are looking for. In either Charles County, St. Mary’s County, Prince Georges County, Calvert County or Anne Arundel County, Finding and Hiring a local Realtor will help you find the right home for the right price. If its New Construction you need, your local Maryland Realtor can help you find the right Community or even find the right lot, for On Your Lot with Caruso Homes to build your Luxury Dream Home.
Realtor: Skip Young
Skip Young Realtor
is rated 5 stars on Google based on 3 reviews
10665 Stanhaven Place Suite 300
White Plains, MD 20695
Mon-Sat 8am – 6pm
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Infographic by KCM Crew