(DNAINFO) Amy Zimmer | February 15, 2016 — A Streeteasy report found it made financial sense to consider buying if you’re planning to stay 5 years.

Many New Yorkers often rack their brains over the question of whether to buy or rent.

Well, the data crunchers at real estate search engine StreetEasy believe they have the answer: It makes financial sense to consider owning if you plan to stay in the city for more than 5 years (and have the down payment to do so).

That was the median “tipping point” citywide where renting a home would exceed the costs of buying a “comparable” home, according to the Streeteasy report released Monday.

Source: Buy an Apartment If You Want to Live Here More Than 5 Years, Report Says – SoHo – DNAinfo.com New York