Report: It’s Cheaper To Rent A House Than Own One In Sacramento
A new report is telling us the current cost of owning vs. renting here in Sacramento. A new Urban Institute report says that it’s cheaper to rent a house than own one in Sacramento right now.
By Doug Lazy on December 5, 2017
(Photo by Justin Sullivan/Getty Images)
A new report is telling us the current cost of owning vs. renting here in Sacramento…
SacBee.com says that a new Urban Institute report says that it’s cheaper to rent a house than own one in Sacramento right now.
From the article:
“Monthly mortgage payments in Sacramento, El Dorado, Placer and Yolo counties will eat up 32.9 percent of a median family income after a 3.5 percent down payment, the report found, while renting a three-bedroom house in those counties means giving up 26.39 percent of one’s paycheck.”
Read more on the report HERE
Does the new report about renting vs owning here in Sacramento surprise you?
