Rent vs Buy in Jefferson City, MO
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Jefferson City, MO
Price-to-rent ratio is 26.1 (under 15 favors buying, over 21 favors renting). Renting costs $891/mo; owning runs about $2,085/mo — $1,194/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,479 |
| Property tax | $256 |
| Home insurance | $116 |
| Maintenance | $233 |
| Total to own | $2,085 |
| Average 2BR rent | $891 |
Based on a median home value of $279,348 with a $55,870 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.