Rent vs Buy in Fayetteville, NC
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Fayetteville, NC
Price-to-rent ratio is 15.3 (under 15 favors buying, over 21 favors renting). Renting costs $1,240/mo; owning runs about $1,731/mo — $491/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.24% rate) | $1,239 |
| Property tax | $208 |
| Home insurance | $95 |
| Maintenance | $189 |
| Total to own | $1,731 |
| Average 2BR rent | $1,240 |
Based on a median home value of $227,271 with a $45,454 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.