Key Metrics Comparison
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $1.02M | $2.9k/mo |
| Price-to-Rent Ratio | 28.9years of rent | |
| Monthly Payment | $5.2kat 6.5%, 20% down | $2.9k |
| Break-Even Horizon | 1 year | |
| Est. Buy-to-Let ROI | 3.5% | |
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
$5,150
Home Value After 10 Years
$1,368,818
Break-Even
1 year
Cost Comparison After 10 Years
Total Cost (Buy)$143,692
Total Cost (Rent)$352,440
Net Difference+$208,748
Buying is cheaper by $208,748 over this period.
Top Sale Listings in Gloucester
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Market Context
Sale Listings233
Rent Listings28
Avg Sale $/m²$11,332/m²
Avg Rent $/m²$42/m²
This is an estimate. Consult a financial advisor before making any real estate decision.
