Rent vs Buy in Jonesboro, AR
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Jonesboro, AR
Price-to-rent ratio is 17.5 (under 15 favors buying, over 21 favors renting). Renting costs $1,079/mo; owning runs about $1,722/mo — $643/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $1,230 |
| Property tax | $208 |
| Home insurance | $95 |
| Maintenance | $189 |
| Total to own | $1,722 |
| Average 2BR rent | $1,079 |
Based on a median home value of $226,988 with a $45,398 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.