Rent vs Buy in Rome, GA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Rome, GA
Price-to-rent ratio is 16.4 (under 15 favors buying, over 21 favors renting). Renting costs $1,189/mo; owning runs about $1,723/mo — $534/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $1,217 |
| Property tax | $214 |
| Home insurance | $97 |
| Maintenance | $195 |
| Total to own | $1,723 |
| Average 2BR rent | $1,189 |
Based on a median home value of $233,418 with a $46,684 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.