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Federal Reserve Bank of Richmond

5E Navigator

Renting vs. Buying a Home

front cover of 5E Navigator

This issue explores the decision to rent or buy a home, and directs readers to information and tools to inform their decision.

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In This Issue:

Renting vs. Buying a Home: How Will You Put Down Stakes?

Should you rent or buy a home? What factors do you need to consider? This westward journey-themed edition of 5E Navigator examines the financial and personal factors to consider along the trail and provides tools to help you decide how to put down stakes. 

Related Resources – For more information on the rent vs. buy decision, check out these other resources:

Major Financial Decisions is a website that provides free tools to help you answer financial planning questions.

Standards Correlations

National Standards for Financial Literacy

  • Standard 2: Buying Goods and Services
  • Standard 3: Saving
  • Standard 4: Using Credit