For Portland metro area, I constructed the table below using data in report:
Measure | Before Taxes | After Tax, 15% Bracket | After Tax, 25% Bracket |
Median Home Price 06-07 | $283,800 | $283,800 | $283,800 |
Monthly Ownership Costs | $1,542 | $1,457 | $1,400 |
Monthly Fair Market Rent | $809 | $809 | $809 |
Monthly Savings from Rent | $733 | $648 | $591 |
(Results are highly dependent on accuracy of values selected for comparison;I have not attempted to analyze the accuracy of the values selected. I did note that rent base used was for 2 BR FMR, which may be less than typical size/quality than a prospective homeowner might be willing and able to pay).
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