New Data Answers If Owning a Home Is Cheaper Than Renting

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New Data Answers If Owning a Home Is Cheaper Than Renting

ATTOM Data Solutions released its 2021 Rental Affordability Report earlier in January. Home prices have appreciated more than average rent prices in 83% of counties in the US, as well as outpaced wage growth in most of the nation. Push farther into the suburbs and past them, and you’ll find even more ownership affordability. Out of 915 counties, wages increased more than fair market rent values in 739 of them. However, some of the areas where rent prices have grown faster than wages were counties like Harris County, Texas; Tarrant County, Texas; Fresno County, California; Pinellas County (Tampa), Florida; and Macomb County (outside Detroit), Michigan.

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