ST. LOUIS – New Zillow data reveals the average home buyer in St. Louis breaks even in 9.8 years, almost four years higher than the national average.
Zillow’s study analyzed what occurs over the span of a 30-year fixed-rate mortgage when an average household buys, versus rents a home in America’s largest metro areas.
“For generations, Americans have been told that buying a home is the smartest financial move they’ll ever make,” Orphe Divounguy, senior economist at Zillow, said in a statement. “This analysis finds the truth is more complicated.”…