![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](https://www.justlistedpalmsprings.com/wp-content/uploads/20191115-KCM-Share-549x300-1.jpg)
![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](https://www.justlistedpalmsprings.com/wp-content/uploads/20191115-MEM-ENG-1.jpg)
Some Highlights:
- Historically, the choice between renting and buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
- Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.