For the many renters thinking about where they’ll live the next time their lease is up, it’s important to understand the true costs of renting in 2022. From Apartment List National Rent Report: The national median rent has increased 17.8%. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.
If you’re a renter facing rising rental costs, you might wonder what alternatives you have. If so, consider homeownership. One of the many benefits of homeownership is it provides a stable monthly cost you can lock in for the duration of your loan.
If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. Connect with me to see how you can begin your journey to homeownership today.