USA Today 2024 Study on Best Cities for Renters
Planning a Move? Here’s Why Renting Might Be Your Best Bet!
If you're trying to decide between renting and buying a home, there are several compelling reasons why renting might be the better option, especially in today’s housing market. A recent 2024 study featured by USA Today highlights some unique advantages of renting, particularly for those who seek flexibility and amenities without the significant costs and responsibilities associated with homeownership.
The Case for Renting: Expert Insights and Benefits
Jon Lowder, Executive Director of the Apartment Association of North Carolina (AANC), provides valuable insights into the benefits of renting, especially within North Carolina:
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Access to Amenities: One of the most significant advantages of renting is access to amenities that would be costly to maintain in a privately owned home. Lowder notes, “As part of their rent, many times residents have access to a variety of amenities, such as swimming pools, fitness centers, and community events, which might be costly to maintain in a privately owned home.”
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Flexibility and Less Responsibility: Renting allows for a more flexible lifestyle. Unlike homeowners, renters are not tied to a long-term mortgage and can move more easily for job opportunities, family needs, or simply a change of scenery. Renting also eliminates the responsibilities of property maintenance and repairs, which are typically handled by the landlord.
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Pet-Friendly Options: For pet owners, finding a home that accommodates pets can be a challenge. However, many rental properties offer pet-friendly amenities like dog parks, pet washing stations, and nearby walking trails. Lowder adds, “Clear communication with the property manager about your pet can ensure a harmonious living situation,” making renting a more attractive option for pet lovers.
Top Cities for Renters in 2024: Cary, North Carolina Leads the Way
As renting becomes more expensive across the U.S., finding cities that offer both affordability and a high quality of life is essential. According to USA TODAY Homefront’s 2024 study, Cary, North Carolina, ranks as the best city for renters due to its unique combination of financial accessibility, safety, and excellent schools. Here's why Cary stands out:
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Affordability and Safety: Cary offers affordable rental options relative to local income levels, meaning fewer residents are rent-burdened. Coupled with a low crime rate, Cary is an attractive place for families, singles, and young professionals.
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Great for Families: Cary is also ranked as the best city for renting families. With top-rated schools in the Wake County Public School System, low crime rates, and numerous child-friendly amenities, Cary provides a safe and supportive environment for families to thrive.
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Access to Job Opportunities: Proximity to Raleigh and the Research Triangle Park means that Cary residents have access to a high-paying job market and numerous recreational activities, making it a desirable location for a balanced work-life environment.
For more information on the best cities for renters and the advantages of renting, check out the full USA TODAY Homefront study here.