Loading…
Loading…
Buyers
Compare the true 5, 10, and 20-year cost of renting versus buying a home in South Florida. See exactly when buying beats renting.
Renting
Buying
Cost Comparison
Buying becomes cheaper than renting in Year 2
| Year | Total Rent Paid | Total Buy Cost | Home Equity | Net Buy Cost | Better |
|---|---|---|---|---|---|
| Yr 5 | $159,274 | $307,955 | $208,620 | $99,335 | Buy |
| Yr 10 | $343,916 | $512,411 | $357,185 | $155,225 | Buy |
| Yr 20 | $806,111 | $921,321 | $779,725 | $141,596 | Buy |
| Yr 30 | $1,427,262 | $1,330,232 | $1,459,529 | -$129,297 | Buy |
Net buy cost = total paid minus home equity. Does not include tax deduction benefits or investment returns on down payment.
Ready to Buy?
Search available homes in your target price range across South Florida.
Browse Homes