When Rent Costs Soar, Is Buying Your Next Best Option?

Another very important factor is how long you plan to stay in your home. Generally, the longer you plan to remain in your home, the more it makes sense to buy. In his calculator, Reagan emphasizes the “breakeven point,” or how long it takes before the benefits of homeownership outweigh the savings from renting.The median price-to-rent ratio in the U.S. was about 14.3 in 2024, according to an analysis by real estate firm Clever.Reagan’s calculator helps illustrate how those costs affect the outcome. When you ...