Rent vs Buy in Napa, CA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Napa, CA
Price-to-rent ratio is 26.4 (under 15 favors buying, over 21 favors renting). Renting costs $2,792/mo; owning runs about $6,590/mo — $3,798/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $4,676 |
| Property tax | $809 |
| Home insurance | $368 |
| Maintenance | $736 |
| Total to own | $6,590 |
| Average 2BR rent | $2,792 |
Based on a median home value of $883,079 with a $176,616 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.