Study: Buying is cheaper than renting in Denver metro area after 2.6 years
DENVER — A report by Zillow released Wednesday says it’s better financially to buy a home in the Denver metro area than to rent if you plan to live in the home for at least 2.6 years.
The Breakeven Horizon analysis shows a range of 1.2 years to 4.5 years of it becoming financially advantageous to buying over renting.
The report shows the top five metro areas for buying are Derby, Twin Lakes, Sherrelwood, Commerce City and Berkley.
The top five metro areas for renting are Cherry Hills Village, Todd Creek, Jefferson, Genesee and Columbine Valley.