Rent vs Buy in Beaumont, TX
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Beaumont, TX
Price-to-rent ratio is 12.9 (under 15 favors buying, over 21 favors renting). Renting costs $1,113/mo; owning runs about $1,274/mo — $161/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $900 |
| Property tax | $158 |
| Home insurance | $72 |
| Maintenance | $144 |
| Total to own | $1,274 |
| Average 2BR rent | $1,113 |
Based on a median home value of $172,587 with a $34,517 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.