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Comparison 11 min read Updated 2026-02-01

Renting vs Buying a Home 2026

The eternal question answered. When renting makes sense vs when buying wins.

Table of Contents

Financial Comparison

Monthly Costs

Renting: Rent + renters insurance Buying: Mortgage + taxes + insurance + maintenance + HOA

Hidden Costs of Owning

  • Maintenance: 1-2% of home value/year
  • Repairs: Unpredictable
  • Opportunity cost of down payment

Decision Rules

Buy if:
  • Staying 5+ years
  • Stable job/income
  • Can afford 20% down
  • Want to build equity
  • Ready for maintenance responsibility
Rent if:
  • Moving within 3 years
  • Job uncertainty
  • Prefer flexibility
  • Can invest the difference
  • Hot market (rent cheaper than own)

Related Calculators

Rent vs Buy Calculator

Rent vs Buy Calculator for educational purposes.

Home Affordability Calculator

Home Affordability Calculator for educational purposes.

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