Rent vs Buy in Greensboro, NC
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Greensboro, NC
Price-to-rent ratio is 19.3 (under 15 favors buying, over 21 favors renting). Renting costs $1,150/mo; owning runs about $2,033/mo — $883/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.24% rate) | $1,455 |
| Property tax | $245 |
| Home insurance | $111 |
| Maintenance | $222 |
| Total to own | $2,033 |
| Average 2BR rent | $1,150 |
Based on a median home value of $266,805 with a $53,361 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.