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Chart of the Day: Imbalance of Rent vs. Buy

Crews Bank & Trust Wealth Management Services Jul 23, 2024
Line graph showing Renter Burden vs. Homeowner Burden changes from 2015 through 2024

Contents

Today’s Chart is from Zillow showing that typically the share of income spent on housing costs for homeowners, such as mortgage, taxes, and insurance, has been lower than what renters pay for rental units.

However, with the increases in costs starting in mid-2022, this has changed. As with all things, and those who have seen my presentations know, this imbalance between supply and demand will not endure, and rental rates will increase with more demand to rent, or homeowner’s costs will decline as demand falls, or some combination of the two.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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