Fort Lauderdale Real Estate
Ryan Hanrahan
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Buying beats renting in South Florida, study finds

Despite rising home prices recently, buying still is a better deal than renting, according to a report from real estate website Trulia.com. Buying a home in Broward County is 53 percent more affordable than renting, the study shows. The average monthly cost of owning in Broward is $773, compared with an average rental rate of $1,638. In  Palm Beach County, buying is 56 percent cheaper. The average home costs $773 a month, while renting runs $1,767. Buying also beats renting across the country, Trulia said.

 

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