Thursday, March 7, 2019 / by Jordan Stupey
The current break-even horizon* in the
seattle metro area is 1.69
*The amount of time you need to own your home in order for
owning to be a superior financial decision.
With expensive rental rates, historically
In fact, the Seattle Metro area has seen some of the sharpest rent hikes in the country over the last few years! There are several factors to consider that will lead you to make the best decision for your lifestyle and your financial bottom line. Zillow Research® has determined the break-even point for renting versus buying in our metro area. In other words, the amount of time you need to own your home in order for owning to be a superior financial decision.
I am happy to help you or someone you know
These assumptions are based on a home buyer purchasing a home with a 30-year, fixed-rate mortgage and a 20 percent down payment; and a renter earning five percent annually on investments in the stock market.
Zillow Research® is a trademark of Zillow, Inc.