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Rent vs. Buy: Which is Cheaper for You?

The decision to rent or buy a home depends on where you live, and also on your mortgage rate, tax bracket, how long you’ll stay put—and whether you'll need to pay homeowners' association fees. 'Cause in some markets, this added cost makes renting cheaper than buying.

To learn more, read our full report or use Trulia's Rent vs. Buy Calculator to see whether homeownership makes sense for you.

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What mortgage rate can you get
on a 30-year fixed-rate loan?
If you itemize your tax deductions,
what is your income tax bracket?
How many years will you
stay in your next home?
Will you have to
pay HOA fees?
  • Cheaper to Rent   ←   
  •    →   Cheaper to Buy
  • 40%+
  • 40% – 20%
  • 20% – 0%
  • 0% – 20%
  • 20% – 40%
  • 40% – 60%
  • 60%+
Oakland, CA

It is 15% cheaper to rent