Rent vs Buy in Sharon, PA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Sharon, PA
Price-to-rent ratio is 6.8 (under 15 favors buying, over 21 favors renting). Renting costs $908/mo; owning runs about $562/mo — $346/mo less to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $402 |
| Property tax | $68 |
| Home insurance | $31 |
| Maintenance | $62 |
| Total to own | $562 |
| Average 2BR rent | $908 |
Based on a median home value of $74,115 with a $14,823 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.