Rent vs Buy in Flint, MI
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Flint, MI
Price-to-rent ratio is 5.6 (under 15 favors buying, over 21 favors renting). Renting costs $986/mo; owning runs about $491/mo — $495/mo less to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $347 |
| Property tax | $61 |
| Home insurance | $28 |
| Maintenance | $55 |
| Total to own | $491 |
| Average 2BR rent | $986 |
Based on a median home value of $66,502 with a $13,300 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.