We’ve all heard it said that owning is ultimately cheaper than renting. Ever wonder how long it would take before paying a mortgage becomes cheaper than paying rent? It depends on the area, of course, but you might be surprised just how quickly you begin to save money and build equity when you own a home versus renting one. The breakeven point in Smyrna is 2.6 years. Roswell is 3.1 years.
Want to know where you stand on breaking even? Checkout Zillow’s Breakeven Horizon tool for your specific town. Just choose your larger metro area and then choose your specific town.