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New Home Sites Being Released in March for New Homes 2023 – Why Rent When You Can Buy?

The age old question is rent vs buying a home?  Which is better.  It certainly depends on the area, but in the Atlanta area it is still more affordable to buy your home then to rent long term.  This article in the AJC.com explains why.

Buying is the answer to Affordability.

As high-price luxury rentals begin to supplant affordable housing in Atlanta’s rental market, you may want to consider homeownership.

In fact, the metro (Atlanta-Sandy Springs-Roswell) was recently recognized as one of the top 20 areas where buying a home may be a smarter financial decision than renting based on the number of years you plan on renting.

Atlanta ranked 17th overall for best metros in the country to buy vs rent. Here, the average monthly mortgage payment was found to be about $890, while the average monthly cost for rent amounted to $1,381. The breakeven point in Atlanta is 1.9 years. Home prices in Atlanta, according to SmartAsset, average $231,274.  The new analysis comes from personal finance tech company SmartAsset.

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