Rent vs Buy in Eau Claire, WI
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Eau Claire, WI
Price-to-rent ratio is 24.5 (under 15 favors buying, over 21 favors renting). Renting costs $1,092/mo; owning runs about $2,369/mo — $1,277/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $1,674 |
| Property tax | $294 |
| Home insurance | $134 |
| Maintenance | $267 |
| Total to own | $2,369 |
| Average 2BR rent | $1,092 |
Based on a median home value of $320,964 with a $64,193 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.