Rent vs Buy in Staunton, VA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Staunton, VA
Price-to-rent ratio is 34.9 (under 15 favors buying, over 21 favors renting). Renting costs $753/mo; owning runs about $2,356/mo — $1,603/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,672 |
| Property tax | $289 |
| Home insurance | $132 |
| Maintenance | $263 |
| Total to own | $2,356 |
| Average 2BR rent | $753 |
Based on a median home value of $315,713 with a $63,143 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.