Many renters would be better off buying a home than continuing to pay
steep rental costs,
finds a new study. The monthly payment on a median priced home is more
affordable than the monthly fair market rent on a three-bedroom property
in 76 percent of the U.S. counties, according to Residential Rental
Property Analysis, which encompassed 461 counties nationwide with
populations of at least 100,000. Overall Researchers found that fair market rents represented 28 percent of the estimated median household income, read more.
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