Rent vs Buy in Ocala, FL
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Ocala, FL
Price-to-rent ratio is 15.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,394/mo; owning runs about $2,002/mo — $608/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $1,430 |
| Property tax | $242 |
| Home insurance | $110 |
| Maintenance | $220 |
| Total to own | $2,002 |
| Average 2BR rent | $1,394 |
Based on a median home value of $263,895 with a $52,779 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.