Rent vs Buy in Brownsville, TX
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Brownsville, TX
Price-to-rent ratio is 17.3 (under 15 favors buying, over 21 favors renting). Renting costs $948/mo; owning runs about $1,472/mo — $524/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,045 |
| Property tax | $181 |
| Home insurance | $82 |
| Maintenance | $164 |
| Total to own | $1,472 |
| Average 2BR rent | $948 |
Based on a median home value of $197,292 with a $39,458 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.