Austin Real Estate Blog - Austin Housing Market Blog

Buying a Home or Renting - Which is Cheaper?

home buyingAt some point, most renters ponder the wisdom of buying that first home. So when is it time to buy vs. rent?

Buying Is Usually Cheaper Than Renting

Trulia recently examined housing prices, foreclosure activity and job opportunities across the nation. Given the Hutto housing market, it's not too surprising that they found that in 74 percent of the largest metropolitan areas, it's actually cheaper to buy than to rent. Considering today's low interest rates and affordable home prices, first time homebuyers with reasonable credit scores may qualify for 30-year fixed rate mortgages with monthly payments less than what they would pay to rent comparable property. Tax deductions for homeowners make buying even more affordable.


Waterfront Homes

Search Austin's waterfront homes and condos for sale.

View Waterfront Properties
Luxury Homes

View luxury properties available in the the Austin area.

Explore Luxury Living
Free Market Analysis

View properties for sale in golf course communities in Austin.

View Golf Course Properties