Rent vs Buy in Youngstown, OH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Youngstown, OH
Price-to-rent ratio is 5.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,003/mo; owning runs about $533/mo — $470/mo less to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $381 |
| Property tax | $64 |
| Home insurance | $29 |
| Maintenance | $59 |
| Total to own | $533 |
| Average 2BR rent | $1,003 |
Based on a median home value of $70,275 with a $14,055 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.