Rent vs Buy in Huntsville, AL
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Huntsville, AL
Price-to-rent ratio is 19.4 (under 15 favors buying, over 21 favors renting). Renting costs $1,248/mo; owning runs about $2,173/mo — $925/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,542 |
| Property tax | $267 |
| Home insurance | $121 |
| Maintenance | $243 |
| Total to own | $2,173 |
| Average 2BR rent | $1,248 |
Based on a median home value of $291,155 with a $58,231 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.