Rent vs Buy in Macon, GA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Macon, GA
Price-to-rent ratio is 11.6 (under 15 favors buying, over 21 favors renting). Renting costs $1,252/mo; owning runs about $1,302/mo — $50/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $924 |
| Property tax | $160 |
| Home insurance | $73 |
| Maintenance | $145 |
| Total to own | $1,302 |
| Average 2BR rent | $1,252 |
Based on a median home value of $174,479 with a $34,896 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.