{"id":20628,"date":"2024-11-29T06:00:38","date_gmt":"2024-11-29T14:00:38","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=20628"},"modified":"2025-02-20T06:55:38","modified_gmt":"2025-02-20T14:55:38","slug":"buyer-how-to-save-for-a-house-while-renting","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-how-to-save-for-a-house-while-renting\/","title":{"rendered":"Wondering How to Save For a House While Renting? Use These Tips!"},"content":{"rendered":"<p>Playing \u201chouse\u201d was always one of those childhood moments where we could feel like a grown-up. We could section off corners of houses (or claim a whole room as the \u201chouse\u201d) and do adult things like clean, cook, and even have \u201cchildren\u201d! The best part is, we didn\u2019t have to pay one cent! (Well, maybe a few pieces of candy or handing over some play money.)<\/p>\n<p>If only buying a real house were that simple. Unfortunately, it\u2019s not.<\/p>\n\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">Save thousands when buying a home<\/h3>\n                        <p>HomeLight-recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home.<\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/find-agent\/quiz\/buyer?#\/qaas=0\/\" class=\"cta-click-track widget-element--button\">Find a top buyer's agent<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n\n<p>Depending on what state you live in, the <a href=\"https:\/\/www.bankrate.com\/real-estate\/median-home-price\/#median-price-by-state\">median price<\/a> could be as low as $241,000 for a single-family residential home in Iowa, or as much as $1,195,000 in the District of Columbia. That\u2019s a long way from a few pieces of candy or play money!<\/p>\n<p>As expensive as <a href=\"https:\/\/www.homelight.com\/blog\/buyer-steps-to-buying-a-house\/\">buying a house<\/a> is, it\u2019s not surprising that <a href=\"https:\/\/ipropertymanagement.com\/research\/renters-vs-homeowners-statistics#:~:text=Meanwhile%2C%20the%20number%20of%20households,percentage%20of%2037.0%25%20in%201965.\">34% of households are renters<\/a>. However, renters renting one-, two-, and three-bedroom units have seen an <a href=\"https:\/\/www.census.gov\/library\/stories\/2024\/09\/acs-rent-burden.html\">increase in rent over the past three years<\/a>, and in some areas, it may be cheaper to buy than it is to rent.<\/p>\n<p>There are a number of reasons why a renter would want to buy a house, but the problem many renters face is figuring out how to save for a house while renting. Many aren\u2019t sure where to even start, let alone how much money they need to save to cover <a href=\"https:\/\/www.homelight.com\/blog\/unexpected-closing-costs\/#:~:text=Closing%20costs%20are%20one%2Dtime,depending%20on%20your%20specific%20circumstances.\">closing costs<\/a>, home inspections, and so on.<\/p>\n<p>If you\u2019re struggling to save for a house while renting and aren\u2019t sure how you can maximize your <a href=\"https:\/\/www.homelight.com\/blog\/buyer-what-is-a-down-payment\/\">down paymen<\/a>t, we have a few ideas that can help.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019ve always been a renter, you may have wondered how to save for a house while renting from time to time. Don\u2019t worry; we have some great tips to help!<\/p>\n","protected":false},"author":230,"featured_media":51089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[192,620,624],"tags":[],"class_list":["post-20628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers","category-buy-house","category-saving-up"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Wondering How to Save For a House While Renting? Use These Tips!<\/title>\n<meta name=\"description\" content=\"If you\u2019ve always been a renter, you may have wondered how to save for a house while renting from time to time. Don\u2019t worry; we have some great tips to help!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homelight.com\/blog\/buyer-how-to-save-for-a-house-while-renting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wondering How to Save For a House While Renting? Use These Tips!\" \/>\n<meta property=\"og:description\" content=\"If you\u2019ve always been a renter, you may have wondered how to save for a house while renting from time to time. Don\u2019t worry; we have some great tips to help!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homelight.com\/blog\/buyer-how-to-save-for-a-house-while-renting\/\" \/>\n<meta property=\"og:site_name\" content=\"HomeLight Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gohomelight\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-29T14:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-20T14:55:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2020\/12\/how-to-save-for-a-house-while-renting-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evette Zalvino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ChampionEvette\" \/>\n<meta name=\"twitter:site\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evette Zalvino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wondering How to Save For a House While Renting? 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