After the U.S. housing collapse there was an increase in both rental demands and prices. The higher Vero Beach rental prices are making it increasingly difficult for low income families to afford a home. A new study shows a renter in many areas has to earn at least $19 an hour to afford a decent apartment. CCTV's Yakenda McGhahee reports…
Vero Beach rental prices have, in many cases, made owning a home more affordable than renting a home, but one also has to consider other factors when trying to decide if owning is cheaper than renting. A renter won't pay taxes or homeowner's insurance, but at the same time, a renter doesn't get the tax breaks a homeowner does.
Call us for a no-obligation consultation on Vero Beach rental prices as compared to Vero Beach home prices, and what it would cost for you to get into the home of your dreams now, before prices and mortgage rates rise much further.
