Renters Save Big and Build Wealth—Especially in the Southeastern U.S.
The age-old debate of renting vs. buying a home just got a major update. A new report from Hunter Housing Economics, commissioned by Quinn Residences, reveals that renting can actually be a more financially savvy choice than homeownership—especially in the Southeastern United States.
Here’s the big takeaway: Renters save 37.5% on total housing costs over a 10-year period compared to homeowners. That’s a whopping $112,758 in savings, which renters can invest to build even more wealth.
Whether you’re a millennial weighing your options, a Gen Xer looking to downsize, or a Gen Z or Alpha just starting out, this report has something for everyone. Let’s break it down.
A Real-Life Case Study: Renting vs. Buying
The report uses a relatable example of a married couple with solid savings to buy their first home. Here’s how the numbers stack up:
- Buying a Home: Over 10 years, the couple spends $413,412 on mortgage payments, taxes, insurance, and maintenance.
- Renting + Investing: The couple spends $300,654 on rent and invests the remaining $112,758 in the market. By the end of the decade, their investments grow, leaving them $53,000 ahead of homeowners.
The Big Picture: Why Renting Wins in Today’s Market
- Lower Costs, More Freedom: Renters avoid the hidden costs of homeownership, like property taxes, insurance, maintenance, and unexpected repairs.
- Invest the Difference: Renters who invest their savings in the stock market or other equity investments could end up $53,000 richer than homeowners over the same period.
- Market Trends Favor Renters: With mortgage rates hovering around 7% and home prices growing slower than 6% annually, renting is becoming the more affordable option in most U.S. metros.
Why This Matters for Every Generation
- Millennials: With rising home prices and student loan debt, renting offers flexibility and financial breathing room.
- Gen X: Downsizing or relocating? Renting eliminates the hassle of selling a home and lets you invest your equity elsewhere.
- Gen Z & Alpha: Just starting out? Renting allows you to save for the future without tying up your cash in a down payment.
What the Experts Say
Brad Hunter, President of Hunter Housing Economics, explains:
“The traditional narrative of homeownership as the ultimate financial goal is shifting. With inflated home prices and unpredictable economic factors, renting provides greater flexibility and liquidity in today’s market.”
Richard Ross, CEO of Quinn Residences, adds:
“This report confirms what we’ve been seeing: more people are recognizing the financial advantages of renting. Dedicated rental communities offer professionally managed properties, fixed monthly costs, and modern amenities—all without the burdens of homeownership.”
The Bottom Line
While homeownership has long been seen as the American Dream, this report shows that renting can be a smarter financial move for many people. By saving on housing costs and investing the difference, renters can build wealth without the stress of homeownership.
Want to Learn More?
- Read the Full Report: Hunter Housing Economics Buying vs Renting Case Study (Final)
- Explore Quinn Residences: Visit www.live-quinn.com to learn about their modern rental communities.
- Join the Conversation: Follow Quinn Residences on LinkedIn, Facebook, and Instagram for the latest updates.
Renting isn’t just a place to live—it’s a strategy for building wealth. Whether you’re a first-time renter or a lifelong homeowner, this report offers valuable insights for anyone navigating today’s housing market.
