In most parts of the country owning a
home is more affordable than renting one according to ATTOM Data Solutions’ 2021
Rental Affordability Report
. The
company looked at the median price of a three-bedroom home in 915 U.S. counties
and the rent for a comparable home and found owning more affordable 572 or 63
percent of them. The company says this has happened despite home prices
increasing faster than rents in 83 percent of the counties and faster than
wages in two-thirds. Renting, however, remains more affordable in the biggest
cities.

 

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