Rent vs Buy in Dubuque, IA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Dubuque, IA
Price-to-rent ratio is 21.0 (under 15 favors buying, over 21 favors renting). Renting costs $996/mo; owning runs about $1,876/mo — $880/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,331 |
| Property tax | $230 |
| Home insurance | $105 |
| Maintenance | $209 |
| Total to own | $1,876 |
| Average 2BR rent | $996 |
Based on a median home value of $251,360 with a $50,272 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.