Buying is still more affordable than renting in the majority of U.S. housing
markets, according to a new analysis. A
study conducted by RealtyTrac factored in 2015 fair market rental data
recently released by the U.S. Department for Housing and Urban
Development for three-bedroom properties in 543 counties nationwide with
populations of at least 100,000. Buying
a median-priced home was found to be more affordable than renting a
three-bedroom property in 68 percent of the counties tracked. Buying a median-priced home on the other hand, will only require 36 percent of median household income, on average, read more.
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