Local Buying Tips
Why rent when you can own your dream home for less?
As you investigate your options for a home loan, you may be questioning whether buying a home now is the right choice. Many personal factors go into determining whether a home purchase is right for you, but in general, the benefits of owning a home far outweigh the benefits of renting.
- The average rent for a townhome in the Triangle is $895/mo. That monthly payment could get you a $160,000 home loan (including taxes and homeowner’s insurance).
- The average 3-bedroom, 2-bath home in the Triangle rents for $1150/mo. That monthly amount could get you a $210,000 home (including taxes and homeowner’s insurance).
