Rent vs Buy in York, ME
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in York, ME
Price-to-rent ratio is 26.6 (under 15 favors buying, over 21 favors renting). Renting costs $2,376/mo; owning runs about $5,763/mo — $3,387/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $4,117 |
| Property tax | $696 |
| Home insurance | $317 |
| Maintenance | $633 |
| Total to own | $5,763 |
| Average 2BR rent | $2,376 |
Based on a median home value of $759,677 with a $151,935 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.