Rent vs Buy in Alexandria, LA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Alexandria, LA
Price-to-rent ratio is 12.1 (under 15 favors buying, over 21 favors renting). Renting costs $1,000/mo; owning runs about $1,084/mo — $84/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $770 |
| Property tax | $133 |
| Home insurance | $61 |
| Maintenance | $121 |
| Total to own | $1,084 |
| Average 2BR rent | $1,000 |
Based on a median home value of $145,320 with a $29,064 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.