According to a recent report by Realty Trac, it is now cheaper to buy than rent in 3 of 4 housing markets in the US. Out of 461 counties analyzed nationwide, house payments on a median priced home were less than renting a similar home in 351 of those counties.
3 of the 10 least affordable rental markets mentioned in the report are located in Florida; Broward, Miami-Dade and Hernando counties.
For you investors out there, the 10 counties listed with the highest rental returns, included 2 counties in the Tampa Bay area; Hernando and Pasco. No counties in Florida were included in the 10 counties listed with the lowest rental returns.
Wondering whether now is the right time to buy? Please call 813-230-5804 for a free no obligation, consultation today!
Link to the full Realty Trac article here.
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