Rent vs Buy in Slidell, LA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Slidell, LA
Price-to-rent ratio is 13.7 (under 15 favors buying, over 21 favors renting). Renting costs $1,354/mo; owning runs about $1,691/mo — $337/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $1,208 |
| Property tax | $204 |
| Home insurance | $93 |
| Maintenance | $186 |
| Total to own | $1,691 |
| Average 2BR rent | $1,354 |
Based on a median home value of $222,881 with a $44,576 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.