Key Metrics Comparison
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $461.5k | $931/mo |
| Price-to-Rent Ratio | 41.3years of rent | |
| Monthly Payment | $2.3kat 6.5%, 20% down | $931 |
| Break-Even Horizon | 1 year | |
| Est. Buy-to-Let ROI | 2.4% | |
Interactive Calculator
Adjust the numbers to match your situation and see how buying compares to renting over time.
Buy is better
Purchase price of the home
Share of the home price paid upfront
Annual mortgage interest rate
Mortgage term in years
Current monthly rent for a comparable home
Expected annual home price growth
10 years
Monthly Mortgage
$2,334
Home Value After 10 Years
$620,250
Break-Even
1 year
Cost Comparison After 10 Years
Total Cost (Buy)$65,111
Total Cost (Rent)$111,720
Net Difference+$46,609
Buying is cheaper by $46,609 over this period.
Market Context
Sale Listings110
Rent Listings26
Avg Sale $/m²$4,818/m²
Avg Rent $/m²$16/m²
This is an estimate. Consult a financial advisor before making any real estate decision.