Rent vs Buy in Lake Havasu City, AZ
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Lake Havasu City, AZ
Price-to-rent ratio is 31.1 (under 15 favors buying, over 21 favors renting). Renting costs $1,229/mo; owning runs about $3,484/mo — $2,255/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $2,489 |
| Property tax | $421 |
| Home insurance | $191 |
| Maintenance | $383 |
| Total to own | $3,484 |
| Average 2BR rent | $1,229 |
Based on a median home value of $459,245 with a $91,849 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.