Rent vs Buy in Florida

Is it better to rent or buy in Florida right now? Enter your numbers and see the break-even year, 2026 mortgage rates applied automatically.

Current 30yr Rate

6.23%

FL Median Home Price

$429K

FL Median Rent

$2,059/mo

Interactive Calculator

Your Rent vs Buy Analysis

Adjust values to match your situation. Buying cost includes mortgage, taxes, insurance, and maintenance.

Your Scenario

Monthly Rent$2,000/mo

Home Purchase Price$400K

Down Payment20%

Years You Plan to Stay10 yrs

Annual Home Appreciation4%

Annual Rent Increase3%

Break-even Point

Year 5

After 10 years:

Buying saves +$182K

vs renting over same period

Yr 5

🏠 Buy

saves $7K

Yr 10

🏠 Buy

saves $182K

Buying cost includes P&I, taxes (~1%), insurance (~0.35%), and maintenance (~1%). Renting cost assumes 3% annual increase. Home appreciation at 4%/yr. Excludes closing costs and tax deductions.

Price-to-Rent Ratio by City

Lower ratio (<15) generally favors buying. Higher ratio (>20) may favor renting. Sorted by best buying opportunity.

City	Median Price	Median Rent	P/R Ratio	Verdict
Ocala Marion	$235,000	$1,350/mo	14.5x	🏠 Buy Favored	Analyze →
Jacksonville Duval	$295,000	$1,650/mo	14.9x	🏠 Buy Favored	Analyze →
Daytona Beach Volusia	$265,000	$1,450/mo	15.2x	🏠 Buy Favored	Analyze →
Largo Pinellas	$310,000	$1,700/mo	15.2x	🏠 Buy Favored	Analyze →
Gainesville Alachua	$275,000	$1,500/mo	15.3x	🏠 Buy Favored	Analyze →
Lakeland Polk	$285,000	$1,550/mo	15.3x	🏠 Buy Favored	Analyze →
Palm Bay Brevard	$300,000	$1,600/mo	15.6x	🏠 Buy Favored	Analyze →
Deltona Volusia	$290,000	$1,550/mo	15.6x	🏠 Buy Favored	Analyze →
Kissimmee Osceola	$330,000	$1,750/mo	15.7x	🏠 Buy Favored	Analyze →
Sanford Seminole	$310,000	$1,650/mo	15.7x	🏠 Buy Favored	Analyze →
St. Petersburg Pinellas	$370,000	$1,950/mo	15.8x	🏠 Buy Favored	Analyze →
West Palm Beach Palm Beach	$455,000	$2,400/mo	15.8x	🏠 Buy Favored	Analyze →
Clearwater Pinellas	$350,000	$1,850/mo	15.8x	🏠 Buy Favored	Analyze →
Tallahassee Leon	$265,000	$1,400/mo	15.8x	🏠 Buy Favored	Analyze →
Fort Myers Lee	$360,000	$1,900/mo	15.8x	🏠 Buy Favored	Analyze →
Melbourne Brevard	$315,000	$1,650/mo	15.9x	🏠 Buy Favored	Analyze →
Cape Coral Lee	$385,000	$2,000/mo	16x	⚖️ Neutral	Analyze →
Port St. Lucie St. Lucie	$370,000	$1,900/mo	16.2x	⚖️ Neutral	Analyze →
Lauderhill Broward	$340,000	$1,750/mo	16.2x	⚖️ Neutral	Analyze →
Boynton Beach Palm Beach	$380,000	$1,950/mo	16.2x	⚖️ Neutral	Analyze →
Tampa Hillsborough	$390,000	$2,000/mo	16.3x	⚖️ Neutral	Analyze →
Orlando Orange	$375,000	$1,900/mo	16.4x	⚖️ Neutral	Analyze →
Bradenton Manatee	$380,000	$1,900/mo	16.7x	⚖️ Neutral	Analyze →
Homestead Miami-Dade	$360,000	$1,800/mo	16.7x	⚖️ Neutral	Analyze →
Tamarac Broward	$360,000	$1,800/mo	16.7x	⚖️ Neutral	Analyze →
Margate Broward	$370,000	$1,850/mo	16.7x	⚖️ Neutral	Analyze →
Deerfield Beach Broward	$395,000	$1,950/mo	16.9x	⚖️ Neutral	Analyze →
Sarasota Sarasota	$480,000	$2,300/mo	17.4x	⚖️ Neutral	Analyze →
North Miami Miami-Dade	$420,000	$2,000/mo	17.5x	⚖️ Neutral	Analyze →
Coconut Creek Broward	$420,000	$2,000/mo	17.5x	⚖️ Neutral	Analyze →
Miami Gardens Miami-Dade	$390,000	$1,850/mo	17.6x	⚖️ Neutral	Analyze →
Delray Beach Palm Beach	$510,000	$2,400/mo	17.7x	⚖️ Neutral	Analyze →
Sunrise Broward	$430,000	$2,000/mo	17.9x	⚖️ Neutral	Analyze →
Fort Lauderdale Broward	$540,000	$2,500/mo	18x	⚖️ Neutral	Analyze →
Miramar Broward	$475,000	$2,200/mo	18x	⚖️ Neutral	Analyze →
Coral Springs Broward	$490,000	$2,250/mo	18.1x	⚖️ Neutral	Analyze →
Bonita Springs Lee	$520,000	$2,400/mo	18.1x	⚖️ Neutral	Analyze →
Pembroke Pines Broward	$470,000	$2,150/mo	18.2x	⚖️ Neutral	Analyze →
Doral Miami-Dade	$545,000	$2,500/mo	18.2x	⚖️ Neutral	Analyze →
Hollywood Broward	$460,000	$2,100/mo	18.3x	⚖️ Neutral	Analyze →
Pompano Beach Broward	$485,000	$2,200/mo	18.4x	⚖️ Neutral	Analyze →
Miami Beach Miami-Dade	$750,000	$3,400/mo	18.4x	⚖️ Neutral	Analyze →
Plantation Broward	$510,000	$2,300/mo	18.5x	⚖️ Neutral	Analyze →
Miami Miami-Dade	$625,000	$2,800/mo	18.6x	⚖️ Neutral	Analyze →
Hialeah Miami-Dade	$430,000	$1,900/mo	18.9x	⚖️ Neutral	Analyze →
Weston Broward	$615,000	$2,700/mo	19x	⚖️ Neutral	Analyze →
Jupiter Palm Beach	$620,000	$2,700/mo	19.1x	⚖️ Neutral	Analyze →
Palm Beach Gardens Palm Beach	$575,000	$2,500/mo	19.2x	⚖️ Neutral	Analyze →
Boca Raton Palm Beach	$680,000	$2,900/mo	19.5x	⚖️ Neutral	Analyze →
Naples Collier	$890,000	$3,200/mo	23.2x	🏢 Rent Favored	Analyze →

Price-to-rent ratio = median home price ÷ annual rent. A ratio below 15 historically indicates buying may be financially advantageous. Above 20 suggests renting may preserve more capital depending on your timeline and local appreciation trends.