News & Information: Real Estate News

Buying cheaper than renting in Florida

Friday, July 22, 2016  
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Color-coded map of US
States where buying is cheaper than renting appear in blue

It's cheaper to buy a home in Florida than to rent, according the a new study by GoBankingRates, as is it in much of the country due in part to low interest rates.

Monthly rent in Florida: $1,695
Monthly mortgage in Florida: $1,297

Rents have been rising in the Sunshine State — especially in South Florida where the population is growing and demand for rentals has increased.

Read more and view a state-by-state slideshow

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