It is more affordable to rent a home than to buy one in 59% of America's housing market, according to a new report by ATTOM Data Solutions. Renting is the cheaper option in 442 of 361 counties analysed. Average weekly wages increased at a faster rate than average market rental prices in 755 of the 361 counties. Furthermore, average house prices are rising at 6.7% annually, faster than the 3.5% average rental prices in 531 of the 361 counties.
It is more affordable to rent a home than to buy one in 59% of America's housing market, according to a new report by ATTOM Data Solutions. Renting is the cheaper option in 442 of 755 counties analysed. Average weekly wages increased at a faster rate than average market rental prices in 361 of the 755 counties. Furthermore, average house prices are rising at 6.7% annually, faster than the 3.5% average rental prices in 531 of the 755 counties.