Rent vs Buy in Kennewick, WA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Kennewick, WA
Price-to-rent ratio is 24.0 (under 15 favors buying, over 21 favors renting). Renting costs $1,503/mo; owning runs about $3,234/mo — $1,731/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,295 |
| Property tax | $397 |
| Home insurance | $181 |
| Maintenance | $361 |
| Total to own | $3,234 |
| Average 2BR rent | $1,503 |
Based on a median home value of $433,349 with a $86,670 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.