BuyersHomeownershipInvestmentWindermere Real Estate November 18, 2022

The Numbers Behind Renting

Peep these numbers behind renting. 👀 Clearly, the majority of renters in the U.S. are experiencing major price increases year-over-year. In fact, rent prices have reached a new high, with the median monthly rental cost climbing to a whopping $1,879 in the United States.


Moreover, over half of renters that remained in their current place over the past 1-2 years saw a median increase of $160, and those who moved within the past year saw nearly a $300 jump compared to their previous lease.


With rent prices soaring, it might be time to consider purchasing a home, as you can build equity over time AND lock in your monthly mortgage payment as a homeowner.


For more details on the rent increases throughout the U.S., click here 👉