It's not a simple answer. I'm across the state, and would be glad to help if I were local. I suggest you consider the following: 1) can you afford to own? consider all costs of ownership, not just mortgage , tax, insurance.. 2) will you be living in the area for at least a few years (i usually consider a minimum of 5-7 a decent enough time) 3) Do you want to own, and why? If it's for "investment" be very careful. Estimates vary, but be conservative on the expected "appreciation" because, as we've learned, that can be an issue. I don't know what the estimates are for your area over the next few years...SO......Please call an experienced Realtor, as well as a mortgage lender. For no cost, you can get accurate info. from these professionals that should help you make an informed decision. Good Luck!