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Homebuyers may need about 15 years to beat renting

Zillow Research says the time to break even can extend into a buyer’s retirement years in some markets.

Reported · Written up by our desk · Residential

Zillow Research says that in many places, the typical household may need to save for and then reach a point where a home purchase overtakes renting only after a long horizon. The outlet estimates that nationally, the break even timing is about 15 years.

The analysis indicates that in some markets, the payoff from buying rather than renting can arrive late enough to extend into buyers’ retirement years, depending on local conditions. Zillow Research frames the issue as how long it can take households to come out ahead on a purchase.

Zillow Research’s findings focus on the “saving and breaking even” timeline for home purchases relative to renting, emphasizing that the decision can take well over a decade to fully pay off.

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