Rent vs Buy in Lake Havasu City, AZ
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Lake Havasu City, AZ
Price-to-rent ratio is 28.6 (under 15 favors buying, over 21 favors renting). Renting costs $1,357/mo; owning runs about $3,434/mo — $2,077/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $2,426 |
| Property tax | $426 |
| Home insurance | $194 |
| Maintenance | $388 |
| Total to own | $3,434 |
| Average 2BR rent | $1,357 |
Based on a median home value of $465,235 with a $93,047 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.