![](https://www.royacdn.com/unsafe/Site-7a22c50d-03b2-4a7f-b9a8-fd0d812921b6/BC_JeanKaiser_BB_front_1_1_1_.jpg)
The Cost of Renting vs. Buying a Home
![](https://www.royacdn.com/unsafe/Site-7a22c50d-03b2-4a7f-b9a8-fd0d812921b6/20181116_ENG_STM_1046x1354.jpg)
Some Highlights:
- Historically, the choice between renting or buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!