Rent vs Buy in Bremerton, WA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Bremerton, WA
Price-to-rent ratio is 19.7 (under 15 favors buying, over 21 favors renting). Renting costs $2,057/mo; owning runs about $3,636/mo — $1,579/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,580 |
| Property tax | $447 |
| Home insurance | $203 |
| Maintenance | $406 |
| Total to own | $3,636 |
| Average 2BR rent | $2,057 |
Based on a median home value of $487,263 with a $97,453 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.