Key Metrics Comparison
| Metric | Buy | Rent |
|---|---|---|
| Avg Price | $941.3k | $2.9k/mo |
| Price-to-Rent Ratio | 27.2years of rent | |
| Monthly Payment | $4.8kat 6.5%, 20% down | $2.9k |
| Break-Even Horizon | 1 year | |
| Est. Buy-to-Let ROI | 3.7% | |
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
$4,760
Home Value After 10 Years
$1,265,037
Break-Even
1 year
Cost Comparison After 10 Years
Total Cost (Buy)$132,798
Total Cost (Rent)$346,680
Net Difference+$213,882
Buying is cheaper by $213,882 over this period.
Top Sale Listings in Reykjavík
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Top Rent Listings in Reykjavík
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Market Context
Sale Listings19
Rent Listings447
Avg Sale $/m²$7,218/m²
Avg Rent $/m²$38/m²
This is an estimate. Consult a financial advisor before making any real estate decision.
