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Homebuying break-even can take 15 years in some markets

Zillow Research says the national average timeline for a home purchase to beat renting is about 15 years, with longer horizons in certain areas.

Reported · Written up by our desk · Residential

Zillow Research says that in some local markets, the time it takes buyers to save enough to break even on a home purchase can extend into retirement years.

According to the research, nationally a typical household can save for and come out ahead on buying versus renting after about 15 years.

The report frames the result as a function of how long it takes to reach a favorable cost comparison, which varies by market.

Zillow Research concludes that in certain places, the payoff from homeownership may not arrive until many years after a purchase.

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