Buy vs. rent: Comparing monthly payments across the Albany region

//Buy vs. rent: Comparing monthly payments across the Albany region

Buy vs. rent: Comparing monthly payments across the Albany region

The local housing market is far more favorable to buyers than it is to renters, at least when it comes to affordability, but exactly how favorable varies by ZIP code. The Business Journals analyzed median home values and rents in ZIP codes throughout the 11-county Albany region, using a hypothetical buyer's scenario to determine a monthly mortgage payment for each neighborhood. The cost to purchase was often cheaper than it was to rent, based on The Business Journal's calculations. Both the rent…

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2019-01-06T11:00:00+00:00 January 6th, 2019|Economics|

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