For a while, it made more sense for Raleigh residents to potentially rent instead of purchasing their own home.
That no longer seems to be the case.
According to a study from SmartAsset, a financial technology company, Raleigh has significantly shortened the rate of return for home buyers.
The new data shows that it takes only 2.5 years for the cost of renting to exceed the cost of buying a home.
For comparison, certain markets with higher price points (Seattle) can take over 9 years before the cost of renting exceeds the cost of buying a home.
Read the full article here: Is it better to rent or buy a home in Raleigh?