Rent vs Buy in Manchester, NH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Manchester, NH
Price-to-rent ratio is 19.0 (under 15 favors buying, over 21 favors renting). Renting costs $1,948/mo; owning runs about $3,317/mo — $1,369/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,354 |
| Property tax | $407 |
| Home insurance | $185 |
| Maintenance | $370 |
| Total to own | $3,317 |
| Average 2BR rent | $1,948 |
Based on a median home value of $444,448 with a $88,890 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.