Trulia: Owning Costs 44% Less than Renting

Posted by Bonnie Martin Designated Broker on Tuesday, March 26th, 2013 at 8:25am.

Home price gains may be outpacing increases in rent, but the cost of being a homeowner is still much less than that of a renter, according to Trulia’s Winter 2013 Rent vs. Buy report.

After factoring all cost components including transaction costs, taxes, and opportunity costs, Trulia found buying a home is 44 percent cheaper than renting, down slightly from 46 percent a year ago.

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