Rent vs Buy in Chambersburg, PA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Chambersburg, PA
Price-to-rent ratio is 18.1 (under 15 favors buying, over 21 favors renting). Renting costs $1,325/mo; owning runs about $2,186/mo — $861/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $1,562 |
| Property tax | $264 |
| Home insurance | $120 |
| Maintenance | $240 |
| Total to own | $2,186 |
| Average 2BR rent | $1,325 |
Based on a median home value of $288,177 with a $57,635 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.