Rent vs Buy in Nashua, NH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Nashua, NH
Price-to-rent ratio is 18.7 (under 15 favors buying, over 21 favors renting). Renting costs $2,239/mo; owning runs about $3,819/mo — $1,580/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $2,729 |
| Property tax | $462 |
| Home insurance | $210 |
| Maintenance | $420 |
| Total to own | $3,819 |
| Average 2BR rent | $2,239 |
Based on a median home value of $503,469 with a $100,694 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.