"Nationally, it cost $888 a month more to buy an entry-level single-family home than to rent it, according to September data from John Burns Real Estate Consulting.A 30-year-fixed mortgage with 5% down (including principal, interest, taxes, insurance and maintenance) on such a home cost $3,058 a month, while the median monthly rent on such a single-family house was $2,170, based on John Burns research. The firm weighted 99 housing markets in the U.S. to determine the median mortgage payment versus the median rent payment." [1]
1. Wealth Management (A Special Report) --- More People Choose to Rent Single-Family Homes: Big developers are getting into the business
Ioannou, Lori.
Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]. 28 Nov 2022: R.1.
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