Buying makes more sense than renting if you plan on sticking around for a few years. Zillow's Breakeven Horizon Report found that homebuyers in the Bay Area would be paying less per month to own a home than to rent after only 2.6 years.
Zillow's calculation incorporated the costs associated with buying and renting, including upfront payments, closing costs, anticipated monthly rent and mortgage payments, insurance, taxes, maintenance and potential renovation costs.
Here's how our breakeven horizon points compare to the country's other major metro areas:
So. Who wants to go house shopping?
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