Urban Real Estate

Buying Beats Renting In Chicago

Buying Beats Renting In Chicago

In Chicago, buying a home beats renting by a wide margin, according to the latest data.

Real estate website Trulia compared the median home price in the area with the median rent and found that owning is 36.9 percent cheaper than renting. For that balance to tip, either the price of houses would have to rise 65 percent or mortgage rates would have to rise 181.4 percent.

For a city-by-city comparison, head over to Chicago Agent Magazine here.