Rent vs Buy in Fitchburg, MA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Fitchburg, MA
Price-to-rent ratio is 20.5 (under 15 favors buying, over 21 favors renting). Renting costs $1,661/mo; owning runs about $3,043/mo — $1,382/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,160 |
| Property tax | $374 |
| Home insurance | $170 |
| Maintenance | $340 |
| Total to own | $3,043 |
| Average 2BR rent | $1,661 |
Based on a median home value of $407,825 with a $81,565 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.