{"id":1620,"date":"2014-03-17T13:57:11","date_gmt":"2014-03-17T17:57:11","guid":{"rendered":"http:\/\/www.renthop.com\/news\/?p=1620"},"modified":"2023-07-22T11:40:16","modified_gmt":"2023-07-22T15:40:16","slug":"should-i-rent-or-buy","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/","title":{"rendered":"Should I Rent or Buy?"},"content":{"rendered":"<p>At <a href=\"https:\/\/www.renthop.com\/\">RentHop<\/a>, we pay a lot of attention to rents across the nation (and we&#8217;re building some great new tools to help you analyze them). To help you understand better some of the personal finance issues related to paying rent, we&#8217;ve partnered with<span style=\"line-height: 1.5em;\">\u00a0<\/span><a style=\"line-height: 1.5em;\" href=\"http:\/\/www.moven.com\" target=\"_blank\" rel=\"noopener\">Moven<\/a><span style=\"line-height: 1.5em;\"> and <\/span><a style=\"line-height: 1.5em;\" href=\"http:\/\/www.smartasset.com\" target=\"_blank\" rel=\"noopener\">SmartAsset<\/a>, two leaders in the personal finance field, to give you some helpful advice. We&#8217;re helping renters answer the question: Should I rent or buy?\u00a0<span style=\"line-height: 1.5em;\"><br \/>\n<\/span><\/p>\n<h2>Current SmartAsset and Moven Opinions<\/h2>\n<p><span style=\"line-height: 1.5em;\">Today SmartAsset posted an article on the diverse <a href=\"http:\/\/www.smartasset.com\/blog\/housing\/americas-urban-jungles-breed-diverse-real-estate-climates\/\">rental economies<\/a> in four major cities &#8211; New York, Boston, Chicago and Los Angeles. The article looks at average rents in those cities and provides both helpful data and important concepts to consider. Meanwhile, Moven has created\u00a0<\/span><span style=\"line-height: 1.5em;\">an infographic showing some of the key factors you should consider when making the rent vs. buy decision. We&#8217;ve excerpted the infographic below for your reference.<\/span><\/p>\n<p><em>Editor&#8217;s Note: Current renters in 2024 can use RentHop&#8217;s <a href=\"https:\/\/www.renthop.com\/average-rent-in\/new-york-ny\">average rent pages<\/a> to observe dynamic trends in their area.\u00a0<\/em><\/p>\n<p>Tomorrow, watch this space for our article on the comparative costs of living across <a href=\"https:\/\/www.renthop.com\/apartments-for-rent\/new-york-ny\">New York&#8217;s boroughs<\/a>. While the article focuses on data from New York, the conclusion holds true elsewhere. You may be surprised by the myriad ways in which your location determines your expenses!<\/p>\n<h3>Moven Infographic<\/h3>\n<p>Moven&#8217;s infographic breaks down some important figures to consider when determining whether to rent or buy.<\/p>\n<figure id=\"attachment_1621\" aria-describedby=\"caption-attachment-1621\" style=\"width: 599px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/blog.moven.com\/housing-spend\/\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1621 \" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01.png\" alt=\"Infographic provided by Moven\" width=\"599\" height=\"593\" srcset=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01.png 1157w, https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01-300x297.png 300w, https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01-768x760.png 768w, https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01-1024x1013.png 1024w\" sizes=\"(max-width: 599px) 100vw, 599px\" \/><\/a><figcaption id=\"caption-attachment-1621\" class=\"wp-caption-text\">Infographic provided by Moven<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><em>Editor&#8217;s Note: We updated this article to enhance readability.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At RentHop, we pay a lot of attention to rents across the nation (and we&#8217;re building some great new tools to help you analyze them). To help you understand better some of the personal finance issues related to paying rent, we&#8217;ve partnered with\u00a0Moven and SmartAsset, two leaders in the personal finance field, to give you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[150],"tags":[],"class_list":{"0":"post-1620","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-apartment-hunting"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should I Rent or Buy? - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"description\" content=\"RentHop explores the age-old question for current tenants: should I rent or buy my next apartment to build equity?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Rent or Buy?\" \/>\n<meta property=\"og:description\" content=\"RentHop explores the age-old question for current tenants: should I rent or buy my next apartment to build equity?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-17T17:57:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-22T15:40:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1157\" \/>\n\t<meta property=\"og:image:height\" content=\"1145\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"lawrence\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lawrence\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\"},\"author\":{\"name\":\"lawrence\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/bfb1e305460412627d529695d248df79\"},\"headline\":\"Should I Rent or Buy?\",\"datePublished\":\"2014-03-17T17:57:11+00:00\",\"dateModified\":\"2023-07-22T15:40:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01.png\",\"articleSection\":[\"Apartment Hunting\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\",\"name\":\"Should I Rent or Buy? 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