Austin
TX Metro Area
Renting +$288K
At year 10 (your stay)
renting is net cheaper
40+ yrs
Break-even year
renting stays cheaper
Buying costs $3K/mo more
Monthly cost today
$4,547 buy · $1,782 rent
1.8% rate
Buying makes sense below
over your 10-yr stay
Why renting wins
- •Buying costs significantly more each month today
- •You don't stay long enough to break even
Price-to-rent ratio: 26strongly rent-friendly
Buy vs Rent over time
10 yrs
1 yr40 yrs
$
$
%
%
yrs
%
Not required (≥20% down)
750 sq ft
750 sq ft2,500 sq ft
Base rent assumes ~750 sq ft. Increase to estimate rent for a larger comparable rental.
Cost summary
At year 10
| Renting | Buying | |
|---|---|---|
| Upfront costs | $1,782 | $131,520 |
| Ongoing costs | $247,595 | $583,360 |
| Lost investment growth | $75,496 | $282,584 |
| Amount recovered | −$1,782 | −$386,302 |
| Total cost | $323,091 | $611,163 |
Austin
Austin
TX Metro Area
Renting +$288K
At year 10 (your stay)
renting is net cheaper
40+ yrs
Break-even year
renting stays cheaper
Buying costs $3K/mo more
Monthly cost today
$4,547 buy · $1,782 rent
1.8% rate
Buying makes sense below
over your 10-yr stay
Why renting wins
- •Buying costs significantly more each month today
- •You don't stay long enough to break even
Price-to-rent ratio: 26strongly rent-friendly
Buy vs Rent over time
10 yrs
1 yr40 yrs
$
$
%
%
yrs
%
Not required (≥20% down)
750 sq ft
750 sq ft2,500 sq ft
Base rent assumes ~750 sq ft. Increase to estimate rent for a larger comparable rental.
Cost summary
At year 10
| Renting | Buying | |
|---|---|---|
| Upfront costs | $1,782 | $131,520 |
| Ongoing costs | $247,595 | $583,360 |
| Lost investment growth | $75,496 | $282,584 |
| Amount recovered | −$1,782 | −$386,302 |
| Total cost | $323,091 | $611,163 |