It’s cheaper to buy than rent in Atlanta

It was cheaper to rent than buy in most U.S. cities in 2018. Buzz60’s Sean Dowling has more. It’s Cheaper to Rent Than Buy in Most Major Housing Markets | 11alive.com

Georgia is behind only Utah, and it’s tied with Indiana, in its percent concentration of homes larger than 6,000 square feet that are listed for $1 million or less.

LAS VEGAS – A new report from ATTOM Data Solutions says it is cheaper to rent a 3-bedroom apartment or house in Las Vegas and Nevada’s Clark County than it is to buy one.

Although it’s cheaper to rent than to own in Atlanta, the cost difference is only $55 per month. If you’re in the market for a seven-figure home, you’re in luck: Atlanta is one of the cities with the most million-dollar homes for sale. 4/51

CHICAGO (MarketWatch) – It’s much cheaper to buy a home than rent one in 100 of the largest U.S. metropolitan areas, according to a report released on Thursday by the real-estate website Trulia.

 · On the other hand, more people might choose to rent instead of buy simply because they want to, said Todd Barton, managing director of property management company renters warehouse Atlanta.

Home Values Quickly Rise at Fastest Pace in 12 Years SEATTLE, May 24, 2018 /PRNewswire/ — National median home values are rising at their fastest pace in 12 years, according to the April Zillow Real Estate Market Report i.Over the past year, home values across the country rose 8.7 percent to a median value of $215,600.. Home values have not appreciated this quickly since June 2006, right before the housing bubble bust, when they were.

Cheaper to Buy than Rent a Home in Atlanta The Atlanta real estate market is making a comeback! If you’re renting a house, condo or apartment, now is the time to take advantage of one of the very best times in American history to buy a home and invest in real estate!

If you’re itching for that city vibe, but you don’t want to pay the high price tag, living somewhere just outside of Atlanta might be one of your most affordable options. Of course there are some less expensive areas of other big cities, like Philadelphia or even Chicago, but let’s face it, Atlanta is way more affordable than either of these cities.

GOBankingRates found that despite rising home prices throughout the state, it is more affordable to own a home than renting a single-family home in Georgia. The average monthly rent in Georgia is $1,214 while the monthly mortgage payment is $1,122.

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