While the decision to rent or buy a home is about more than a simple math equation, it can be helpful to look at the big picture when analyzing your individual finances and your local market.
ATTOM Data Solutions, a property database in Irvine, Calif., recently released its 2020 Rental Affordability Report, which compares renting a three-bedroom property with buying a median-priced three-bedroom home in 855 counties. Its analysis found that buying is more affordable than renting in 53 percent of those counties.