Renting vs Buying in Atlanta, which is Cheaper?

Atlanta home values have been increasing the last two years.  It’s always important to watch how home prices relate to rents as some people can get priced out of buying.  But here in Atlanta our median home price of $130,000 still shows if you buy you can pay less per month than renting.  Good news for renters too as renting in Atlanta is about 10% cheaper than other large cities.  This information comes form our friends at CNNMoney and the details are below;

Atlanta

rent buy atlanta
  • % saved buying: 52%
  • Median home price : $130,000
  • Median rent: $1,350

Home prices in the Atlanta metro area have remained cheap as bargain seekers look to the city’s far-flung suburbs for the best deals.

That’s helped to keep the median price of homes in the Deep South’s biggest city very affordable, at a median of $130,000, according to Trulia.

Rents are reasonable too, about 10% below the national median.

But with the cost of buying a home so low and mortgage rates still such a great deal, the buy-versus-rent calculation works out much more favorably for buyers.

http://money.cnn.com/gallery/real_estate/2014/03/03/buy-vs-rent/10.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s