A National Housing Survey was conducted to determine if it is better to live in a rental or your own home. This chart shows the results of the survey.
What the chart does not show is the national average interest rate, which is an extremely low 30 year 3.71% and 15 year 2.98%. With these low interest rates your monthly mortgage payment might even be less then what you pay in rent each month. This is another GREAT reason to own your own home!
Check out our rent vs. buy calculator to see what really fits you.