Key Metrics Comparison
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $590.5k | $3.1k/mo |
| Price-to-Rent Ratio | 15.9years of rent | |
| Monthly Payment | $3.0kat 6.5%, 20% down | $3.1k |
| Break-Even Horizon | 1 year | |
| Est. Buy-to-Let ROI | 6.3% | |
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
$2,986
Home Value After 10 Years
$793,573
Break-Even
1 year
Cost Comparison After 10 Years
Total Cost (Buy)$83,306
Total Cost (Rent)$371,880
Net Difference+$288,574
Buying is cheaper by $288,574 over this period.
Top Sale Listings in Kópavogur
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Market Context
Sale Listings2
Rent Listings82
Avg Sale $/m²$7,283/m²
Avg Rent $/m²$35/m²
This is an estimate. Consult a financial advisor before making any real estate decision.