Rent vs Buy in Santa Ana, CA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Santa Ana, CA
Price-to-rent ratio is 23.4 (under 15 favors buying, over 21 favors renting). Renting costs $3,057/mo; owning runs about $6,514/mo — $3,457/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $4,653 |
| Property tax | $787 |
| Home insurance | $358 |
| Maintenance | $716 |
| Total to own | $6,514 |
| Average 2BR rent | $3,057 |
Based on a median home value of $858,641 with a $171,728 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.