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Kings County has been named as one of the most favorable markets for home buyers.
The South Valley county was named in technology company SmartAsset’s top ten counties to buy a home. With an average monthly mortgage payment of $1,444, Kings ranked fifth in the list. The average monthly rent for a home costs $1,629.
The average home price there was $340,228 and it takes 3.3 years to “break even,” or reach the point where the cost of buying a home becomes more favorable than renting.
Mariposa County ranked first in the list with the least amount of time for renting to outpace a mortgage at only three years.
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