Is Now A Good Time To Rent

Dated: 05/24/2017

Views: 219

Is Now a Good Time to Rent?

Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Median Rent On The Rise

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.


Take a look at the homes in Beaverton. There is a wide price range including affordable homes too. 

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today!

Latest Blog Posts

Moving Up Is More Affordable Now In Portland Then In The Last 40 Years

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 YearsTuesday March 20th, 2018If you are considering selling your current home, to either move up to a larger home or into a home in

Read More

The Cost Of Waiting Portland Interest Rates Edition INFOGRAPHIC

Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly

Read More

Portland Oregon Area Residential Real Estate Review February 2018

February 2018 Residential HighlightsClosings had a strong month this February in the Portland metro area. There were 1,806 closed sales, a 8.2%  increase over February 2017 (1,669) and a.

Read More

Top 5 Reasons To Hire A Real Estate Professional When Buying Or Selling

Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!Whether you are buying or selling a home it can be quite the adventure, which is why you need an

Read More