Jacksonville neighbors…this applies to our great city, too! Do something great for yourself and your current and future finances. If you are renting, let us walk you through the steps of home ownership. Contact us today! Kevin and Jennifer Hanley, REALTORS 904-515-2479 http://www.TheHanleyHomeTeam.com – The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside
LOS ANGELES – July 27, 2017 – Arizona, Nevada and Washington, D.C. are among the 11 states where it’s more affordable to rent than it is to buy a home. But owning a home still beats renting in Florida, according to a study by website GOBankingRates.
GoBankingRates surveyed all 50 states and the District of Columbia, and identified which states are best for buying a home and which are better suited for renting. The study, based on rental data on Zillow, was sourced to June 28, 2017. For the cost of owning, the study assumed a 20-percent downpayment on a 30-year fixed loan.
In Florida, homeowners have the advantage. They GOBankingRates study found that the average monthly rent of $1,543 is $167 higher than the cost of an average monthly mortgage of $1,376. The difference amounts to about $2,000 per year that the average Florida family would save by owning rather than renting, though actual savings would differ by metro area and other variables.
The 11 states where renting a home is less expensive than buying one include Arizona, Colorado, Washington, D.C., Hawaii, Idaho, Montana, Nevada, North Carolina, Oregon, Utah and Wyoming.
© 2017 Florida Realtors Source: Study: In Fla., owning beats renting
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