41 Per Cent Cheaper To Buy Than Rent In Palm Beach County

Dated: October 23 2015

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Study: Cheaper to buy than rent in countyIn Palm Beach County, the rent-or-buy decision is a no-brainer. It’s 41 percent cheaper to buy than to rent, according to a study released Wednesday by Trulia.Palm Beach County boasts one of the nation’s biggest discounts for buying vs. renting, ranking 12th among the 100 largest metro areas. Trulia bases its calculation on Palm Beach County’s median home price of $231,491 and median rent of $1,800 as of last month.Houston, with a 46 percent discount, is the best buyer’s market. Fort Lauderdale ranks No. 4, with a 44 percent spread. Miami is No. 5 at 43 percent.Honolulu and San Jose, Calif., are the markets where it makes the most sense to rent. In Honolulu, the typical home costs more than $600,000, but typical rent is only $2,500.  Making a decision to buy can move from impossible to possible when you fully understand the options available for purchasing.  Contact a highly engaged agent to explore the best way to begin the exploration of knowledge to help open up all options for you.  Palm Beach County real estate is a destination that anyone would want to call home.

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