Rent vs Buy in Ocala, FL
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Ocala, FL
Price-to-rent ratio is 16.9 (under 15 favors buying, over 21 favors renting). Renting costs $1,323/mo; owning runs about $2,006/mo — $683/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,424 |
| Property tax | $246 |
| Home insurance | $112 |
| Maintenance | $224 |
| Total to own | $2,006 |
| Average 2BR rent | $1,323 |
Based on a median home value of $268,844 with a $53,769 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.