Rent vs Buy Calculator — Is Buying Worth It in 2026?
Compare renting versus buying a home to make the best financial decision.
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Key Facts
Updated April 2026
- Average US rent: $1,850/month (2026)
- Average US home price: $410,000 (2026)
- Home appreciation averages 3-4% per year nationally
- Closing costs when buying: 2-5% of home price
- Selling costs: 5-6% of home price (agent commissions + fees)
Pro Tips
The break-even point for buying is typically 5-7 years. If you plan to move sooner, renting usually wins.
Do not forget opportunity cost: your $80,000 down payment invested at 8% grows to $173,000 in 10 years. Compare that to expected home appreciation.
Renting is not "throwing money away" — it buys flexibility, zero maintenance responsibility, and frees capital for investing. The math depends on your local market.
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