Rent vs Buy in Sharon, PA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Sharon, PA
Price-to-rent ratio is 7.1 (under 15 favors buying, over 21 favors renting). Renting costs $908/mo; owning runs about $574/mo — $334/mo less to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $407 |
| Property tax | $71 |
| Home insurance | $32 |
| Maintenance | $64 |
| Total to own | $574 |
| Average 2BR rent | $908 |
Based on a median home value of $76,933 with a $15,387 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.