Rent vs Buy in Fayetteville, AR
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Fayetteville, AR
Price-to-rent ratio is 28.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,111/mo; owning runs about $2,831/mo — $1,720/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $2,000 |
| Property tax | $352 |
| Home insurance | $160 |
| Maintenance | $320 |
| Total to own | $2,831 |
| Average 2BR rent | $1,111 |
Based on a median home value of $383,478 with a $76,696 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.