Rent or buy? It's a big decision, particularly for young professionals as they launch their careers and begin shaping their long-term financial plan. After all, for 22 million Americans, rent takes up ...

If the monthly rent is $2,000, that totals $24,000 per year. To determine the rent ratio, divide $400,000 by $24,000. This calculation results in a rent ratio of 16.7.

A for rent sign is posted on a building in Philadelphia, Tuesday, Jan. 18, 2022. (AP Photo/Matt Rourke) “I come home and I’m living in a really nice house, “ Megan said.

Buying a home: The benefits. Buying a home is a lot more of an endeavor than renting. But for many, the extra work and cost is worth the effort. To buy a home, you typically need to have at least ...

If buying puts you above that, it makes sense to rent while setting aside money for a bigger down payment. However, you don't have to save up 20% of a home's value to put down when buying it.

So is it better to rent or buy in 2025? “People really need to speak with a real estate professional,” says Bill Kowalczuk, a broker with Coldwell Banker Warburg in New York City.

The decision to rent or to buy depends not only on cost, but your flexibility. Updated Tue, Apr 29 2025. Jasmin Suknanan Reporter, CNBC Select.

Since 2015, typical monthly costs associated with homeownership have increased about 140%. But in these five cities, it’s cheaper to own than to rent.