Key Metrics Comparison
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $887.8k | $2.4k/mo |
| Price-to-Rent Ratio | 30.6years of rent | |
| Monthly Payment | $4.5kat 6.5%, 20% down | $2.4k |
| Break-Even Horizon | 1 year | |
| Est. Buy-to-Let ROI | 3.3% | |
Interactive Calculator
Adjust the numbers to match your situation and see how buying compares to renting over time.
Buy is better
10 years
Monthly Mortgage
$4,489
Home Value After 10 Years
$1,193,075
Break-Even
1 year
Cost Comparison After 10 Years
Total Cost (Buy)$125,243
Total Cost (Rent)$290,400
Net Difference+$165,157
Buying is cheaper by $165,157 over this period.
Top Sale Listings in Akureyri
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Market Context
Sale Listings3
Rent Listings6
Avg Sale $/m²$5,524/m²
Avg Rent $/m²$29/m²
This is an estimate. Consult a financial advisor before making any real estate decision.