- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=Rent vs Buy: Fifth Third Bank Supports American Dream Of Homeownership, Offers Tips for Renting Versus Buying https://www.3blmedia.com/markdownify/node/382691?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/382691?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/382691?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=Rent vs Buy: Fifth Third Bank Supports American Dream Of Homeownership, Offers Tips for Renting Versus Buying&body=ESG News from Fifth Third Bancorp https://www.3blmedia.com/markdownify/node/382691?absolute=1 "Share via email") [Sustainable Finance & Socially Responsible Investment](/CSR-News/sustainable-finance-socially-responsible-investment) # Rent vs Buy: Fifth Third Bank Supports American Dream Of Homeownership, Offers Tips for Renting Versus Buying Jun 16, 2022 11:30 AM ET Campaign: [Financial Access and Education at Fifth Third](/news/campaign/financial-access-and-education-fifth-third) ![Woman using a laptop](/sites/default/files/styles/carousel_2x/public/images/Rent_vs_Buy.jpg) Should you rent or should you buy? There are a variety of factors to consider. As a rule of thumb, if you’re planning on staying for the next 5-7 years, then buying a home may be a better long-term solution. On the other hand, if you’re thinking about moving in the near future, renting may be the better choice. There are a variety of benefits of homeownership, including having the ability to paint, plant and make changes and renovations. Typically, that is not allowed when you rent. Also, when you own a home, it helps grow equity and you may be able to deduct mortgage interest on your taxes. Surprising to some, buying a home is typically cheaper than renting, depending on the location. Ultimately, you should weigh the pros and cons of buying or renting, but Fifth Third also offers a [rent versus buy calculator](https://www.53.com/content/fifth-third/en/personal-banking/planning/financial-calculators/rent-vs-buy-calculator.html) to help. [![Fifth Third Bancorp logo](/sites/default/files/2025-01/Logo_Primary-Stacked-Full%20%281%29.png)](/profiles/fifth-third-bancorp) ### More from Fifth Third Bancorp ###### [Fifth Third Named Among World’s Most Admired Companies™ by Fortune Magazine ](/news/fifth-third-named-among-worlds-most-admired-companiestm-fortune-magazine) Feb 18, 2026 8:05 AM ET ###### [Meet the Athletes Behind ‘Team Fifth Third’ and the Stories That Move Them Forward](/news/meet-athletes-behind-team-fifth-third-and-stories-move-them-forward) Feb 17, 2026 2:55 PM ET ###### [Fifth Third Receives $85M New Markets Tax Credits Award From U.S. Treasury](/news/fifth-third-receives-85m-new-markets-tax-credits-award-us-treasury) Jan 16, 2026 8:35 AM ET ###### [Fifth Third Awards Nearly $145,000 in Grants and Tips in Annual 'Swap, Snap, Share' Small Business Appreciation Campaign](/news/fifth-third-awards-nearly-145000-grants-and-tips-annual-swap-snap-share-small-business) Dec 17, 2025 5:00 PM ET ###### [Fifth Third Named a 2025 Leading Disability Employer by the National Organization on Disability](/news/fifth-third-named-2025-leading-disability-employer-national-organization-disability) Oct 23, 2025 2:15 PM ET ###### [Fifth Third Again Named Among America’s Climate Leaders by USA Today](/news/fifth-third-again-named-among-americas-climate-leaders-usa-today) Sep 18, 2025 9:15 AM ET ###### [Fifth Third Again Named Top Veteran-Friendly Employer by U.S. Veterans Magazine](/news/fifth-third-again-named-top-veteran-friendly-employer-us-veterans-magazine) Aug 28, 2025 9:15 AM ET ###### [Fifth Third Gifts $40,000 to Pet Owners on National Dog Day](/news/fifth-third-gifts-40000-pet-owners-national-dog-day) Aug 26, 2025 4:00 PM ET