Jacksonville Florida Real Estate is Number Six on Cheaper to Own and Rent

"Jacksonville Among Top 10 Cities Where Cheaper To Buy Than Rent
It's cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia's rent vs. buy index, which compares the total cost of homeownership to the cost of renting. "Since the start of the 'Great Recession,' many former homeowners have flooded the rental market," Pete Flint, CEO of Trulia, said in a news release about the index. "Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets." The index compares the median sales price of homes with the median rent on two bedroom apartments, condos, and townhomes that were listed on Trulia as of Jan. 10, 2011. Here are the top 10 cities where it's best to buy than rent, according to the index:
1. Miami
2. Las Vegas
3. Arlington, Texas
4. Mesa, Ariz.
5. Phoenix, Ariz.
6. Jacksonville, Fla.
7. Sacramento, Calif.
8. San Antonio, Texas
9. Fresno, Calif.
10. El Paso, Texas

Source: "Cheaper to buy than to rent in 72 percent of largest U.S. cities," Inman News (Jan. 24, 2011)"  Christa's source:  www.nefar.com

Confirming what I've known, having lived far and wide across our gorgeous United States.  It is less expensive to own than rent.  But it is also comparing apples to oranges... there are long term benefits to owning and this is certainly the time to buy.  Similar to a 'perfect storm' there are great mortgage rates right now (and yes, they will go up)  and nice low pricing to homes-- creating the 'buyer market'.

So, Jacksonville FL is number six on the list above!  And that would be for our surrounding areas as well.  Give me a call today--and let's explore how buying a home can be the right choice for you!