Rent vs Buy in Anniston, AL
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Anniston, AL
Price-to-rent ratio is 13.0 (under 15 favors buying, over 21 favors renting). Renting costs $941/mo; owning runs about $1,103/mo — $162/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.03% rate) | $785 |
| Property tax | $135 |
| Home insurance | $61 |
| Maintenance | $122 |
| Total to own | $1,103 |
| Average 2BR rent | $941 |
Based on a median home value of $146,986 with a $29,397 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.