| | Advantages | Considerations |
| Buy | Property builds equity | Responsible for maintenance |
| Sense of community, stability, and security | Responsible for property taxes |
| Free to change decor and landscaping | Possibility of foreclosure and loss of equity |
| Not dependent on landlord to maintain property | Less mobility than renting |
| |
| Rent | Little or no responsibility for maintenance | No tax benefits |
| Easier to move | No equity is built up |
| | No control over rent increases |
| | Possibility of eviction |