Rent vs Buy by State
Compare renting vs buying in your state with our free calculators
Find Your State's Rent vs Buy Analysis
Get state-specific insights on whether renting or buying makes more financial sense. Our calculators consider local market conditions, property taxes, and housing costs in your area.
Alabama
Avg. Home Price:$200,000
Avg. Monthly Rent:$1,200
Property Tax Rate:0.4%
Calculate for Alabama →
Alaska
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,800
Property Tax Rate:1.2%
Calculate for Alaska →
Arizona
Avg. Home Price:$400,000
Avg. Monthly Rent:$1,800
Property Tax Rate:0.6%
Calculate for Arizona →
Arkansas
Avg. Home Price:$180,000
Avg. Monthly Rent:$1,100
Property Tax Rate:0.6%
Calculate for Arkansas →
California
Avg. Home Price:$750,000
Avg. Monthly Rent:$2,500
Property Tax Rate:0.7%
Calculate for California →
Colorado
Avg. Home Price:$550,000
Avg. Monthly Rent:$2,200
Property Tax Rate:0.5%
Calculate for Colorado →
Connecticut
Avg. Home Price:$400,000
Avg. Monthly Rent:$2,000
Property Tax Rate:1.7%
Calculate for Connecticut →
Delaware
Avg. Home Price:$300,000
Avg. Monthly Rent:$1,600
Property Tax Rate:0.6%
Calculate for Delaware →
Florida
Avg. Home Price:$400,000
Avg. Monthly Rent:$1,800
Property Tax Rate:0.9%
Calculate for Florida →
Georgia
Avg. Home Price:$320,000
Avg. Monthly Rent:$1,600
Property Tax Rate:0.9%
Calculate for Georgia →
Hawaii
Avg. Home Price:$800,000
Avg. Monthly Rent:$2,800
Property Tax Rate:0.3%
Calculate for Hawaii →
Idaho
Avg. Home Price:$450,000
Avg. Monthly Rent:$1,600
Property Tax Rate:0.7%
Calculate for Idaho →
Illinois
Avg. Home Price:$300,000
Avg. Monthly Rent:$1,700
Property Tax Rate:2.1%
Calculate for Illinois →
Indiana
Avg. Home Price:$220,000
Avg. Monthly Rent:$1,300
Property Tax Rate:0.9%
Calculate for Indiana →
Iowa
Avg. Home Price:$200,000
Avg. Monthly Rent:$1,200
Property Tax Rate:1.5%
Calculate for Iowa →
Kansas
Avg. Home Price:$200,000
Avg. Monthly Rent:$1,200
Property Tax Rate:1.3%
Calculate for Kansas →
Kentucky
Avg. Home Price:$200,000
Avg. Monthly Rent:$1,200
Property Tax Rate:0.8%
Calculate for Kentucky →
Louisiana
Avg. Home Price:$220,000
Avg. Monthly Rent:$1,300
Property Tax Rate:0.5%
Calculate for Louisiana →
Maine
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,600
Property Tax Rate:1.3%
Calculate for Maine →
Maryland
Avg. Home Price:$400,000
Avg. Monthly Rent:$2,000
Property Tax Rate:1.1%
Calculate for Maryland →
Massachusetts
Avg. Home Price:$550,000
Avg. Monthly Rent:$2,500
Property Tax Rate:1.2%
Calculate for Massachusetts →
Michigan
Avg. Home Price:$220,000
Avg. Monthly Rent:$1,300
Property Tax Rate:1.4%
Calculate for Michigan →
Minnesota
Avg. Home Price:$300,000
Avg. Monthly Rent:$1,600
Property Tax Rate:1.1%
Calculate for Minnesota →
Mississippi
Avg. Home Price:$180,000
Avg. Monthly Rent:$1,100
Property Tax Rate:0.8%
Calculate for Mississippi →
Missouri
Avg. Home Price:$220,000
Avg. Monthly Rent:$1,300
Property Tax Rate:1%
Calculate for Missouri →
Montana
Avg. Home Price:$400,000
Avg. Monthly Rent:$1,600
Property Tax Rate:0.8%
Calculate for Montana →
Nebraska
Avg. Home Price:$220,000
Avg. Monthly Rent:$1,300
Property Tax Rate:1.7%
Calculate for Nebraska →
Nevada
Avg. Home Price:$400,000
Avg. Monthly Rent:$1,800
Property Tax Rate:0.6%
Calculate for Nevada →
New Hampshire
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,800
Property Tax Rate:2%
Calculate for New Hampshire →
New Jersey
Avg. Home Price:$450,000
Avg. Monthly Rent:$2,200
Property Tax Rate:2.4%
Calculate for New Jersey →
New Mexico
Avg. Home Price:$280,000
Avg. Monthly Rent:$1,400
Property Tax Rate:0.8%
Calculate for New Mexico →
New York
Avg. Home Price:$600,000
Avg. Monthly Rent:$3,000
Property Tax Rate:1.4%
Calculate for New York →
North Carolina
Avg. Home Price:$280,000
Avg. Monthly Rent:$1,500
Property Tax Rate:0.8%
Calculate for North Carolina →
North Dakota
Avg. Home Price:$250,000
Avg. Monthly Rent:$1,200
Property Tax Rate:1%
Calculate for North Dakota →
Ohio
Avg. Home Price:$200,000
Avg. Monthly Rent:$1,200
Property Tax Rate:1.6%
Calculate for Ohio →
Oklahoma
Avg. Home Price:$200,000
Avg. Monthly Rent:$1,200
Property Tax Rate:0.9%
Calculate for Oklahoma →
Oregon
Avg. Home Price:$450,000
Avg. Monthly Rent:$1,900
Property Tax Rate:1%
Calculate for Oregon →
Pennsylvania
Avg. Home Price:$250,000
Avg. Monthly Rent:$1,400
Property Tax Rate:1.5%
Calculate for Pennsylvania →
Rhode Island
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,800
Property Tax Rate:1.6%
Calculate for Rhode Island →
South Carolina
Avg. Home Price:$280,000
Avg. Monthly Rent:$1,500
Property Tax Rate:0.6%
Calculate for South Carolina →
South Dakota
Avg. Home Price:$250,000
Avg. Monthly Rent:$1,200
Property Tax Rate:1.3%
Calculate for South Dakota →
Tennessee
Avg. Home Price:$280,000
Avg. Monthly Rent:$1,500
Property Tax Rate:0.7%
Calculate for Tennessee →
Texas
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,500
Property Tax Rate:1.8%
Calculate for Texas →
Utah
Avg. Home Price:$450,000
Avg. Monthly Rent:$1,800
Property Tax Rate:0.6%
Calculate for Utah →
Vermont
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,600
Property Tax Rate:1.9%
Calculate for Vermont →
Virginia
Avg. Home Price:$350,000
Avg. Monthly Rent:$1,800
Property Tax Rate:0.8%
Calculate for Virginia →
Washington
Avg. Home Price:$550,000
Avg. Monthly Rent:$2,200
Property Tax Rate:1%
Calculate for Washington →
West Virginia
Avg. Home Price:$180,000
Avg. Monthly Rent:$1,100
Property Tax Rate:0.6%
Calculate for West Virginia →
Wisconsin
Avg. Home Price:$250,000
Avg. Monthly Rent:$1,400
Property Tax Rate:1.9%
Calculate for Wisconsin →
Wyoming
Avg. Home Price:$300,000
Avg. Monthly Rent:$1,400
Property Tax Rate:0.6%
Calculate for Wyoming →
Why State-Specific Analysis Matters
Local Market Conditions
Each state has unique housing markets, property tax rates, and cost of living factors that significantly impact the rent vs buy decision.
Property Tax Variations
Property tax rates vary dramatically by state, from under 1% to over 2% of home value, affecting your total homeownership costs.
Housing Price Differences
Home prices and rental rates vary significantly across states, making location-specific calculations essential for accurate comparisons.
Market Trends
Our calculators consider local market appreciation rates and rental growth trends to provide more accurate long-term projections.