Among the many, many real estate tid-bits that come my way from Zillow, here's one that's worth a second look:
Zillow said that in Twin Cities metro, buying is a better financial decision if you plan to live in the home for at least 2.6 years. That's a metro-wide average, and the decision varies dramatically from community to community based on housing expenses. For example, the break-even point ranges from a high of 4.6 years in North Oaks to 2 years in Brooklyn Center, with 87 percent of cities only requiring you to live in the home for 3 years or less before buying becomes more financially advantageous than renting.
Here's a link to the full report, which you can search by metro area, city and zip code.
Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Kristen Leigh Painter.
Good Grocer heading to a new Minneapolis location
StarTribune.com welcomes and encourages readers to comment and engage in substantive, mutually respectful exchanges over news topics. Commenters must follow our Terms of Use.
Comments will be reviewed before being published.