Rent vs Buy in Portsmouth, NH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Portsmouth, NH
Price-to-rent ratio is 34.2 (under 15 favors buying, over 21 favors renting). Renting costs $1,961/mo; owning runs about $6,002/mo — $4,041/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $4,260 |
| Property tax | $737 |
| Home insurance | $335 |
| Maintenance | $670 |
| Total to own | $6,002 |
| Average 2BR rent | $1,961 |
Based on a median home value of $804,373 with a $160,875 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.