Rent vs Buy in Manchester, NH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Manchester, NH
Price-to-rent ratio is 16.7 (under 15 favors buying, over 21 favors renting). Renting costs $2,168/mo; owning runs about $3,296/mo — $1,128/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $2,355 |
| Property tax | $398 |
| Home insurance | $181 |
| Maintenance | $362 |
| Total to own | $3,296 |
| Average 2BR rent | $2,168 |
Based on a median home value of $434,476 with a $86,895 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.