The millions of American renters longing to buy a home are doing the math again after the Fed’s rate cut. It still doesn’t ...

Lately, however, the rent-or-buy calculus has favored the renter. Many factors go into the equation. ... Rent in central Durham averages around $1,700 a month. Renting is the cheaper option.

Local tenants enjoy the fourth-largest savings between what landlords charge and the cost of financing a home purchase.

Nationally, the typical rent payment is $2,063 a month — $236 more than the typical monthly mortgage payment of $1,827. Zillow’s report assumed a 20% down payment, a 6.5% interest rate and a ...

Rent vs Buy: Unpacking the emotional and financial calculus in a volatile market Owning an asset that also provides living utility excites for emotional and social reasons.

A report from Zillow says the income required to comfortably spend the recommended 30% of income on rent for the median renter is up 40.6% since pre-pandemic times, to $79,264.

“Our annual index of rent growth was pretty stable in the last few years, from about 3 percent to 4 percent,” Jeff Tucker, a senior economist at the online real-estate marketplace Zillow, told me.