Rent vs Buy in Portsmouth, NH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Portsmouth, NH
Price-to-rent ratio is 31.5 (under 15 favors buying, over 21 favors renting). Renting costs $2,093/mo; owning runs about $6,000/mo — $3,907/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $4,287 |
| Property tax | $725 |
| Home insurance | $330 |
| Maintenance | $659 |
| Total to own | $6,000 |
| Average 2BR rent | $2,093 |
Based on a median home value of $790,971 with a $158,194 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.