Friday, August 3, 2012

Buying vs. renting pays off in shorter time in Las Vegas than national average

Break-even Horizon
How many years it will take before owning a home becomes more financially advantageous than renting the same home.

MetroBreak-even horizon
Miami-Fort Lauderdale1.6 years
Tampa, Fla.1.6 years
Las Vegas1.7 years
Orlando, Fla.1.7 years
Phoenix1.7 years
Detroit1.7 years
Riverside, Calif.2.0 years
Dallas-Fort Worth2.1 years
Cincinnati2.1 years
Pittsburgh, Pa.2.1 years
Columbus, Ohio2.4 years
Cleveland2.4 years

Source: Zillow

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