Rent vs Buy in Taunton, MA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Taunton, MA
Price-to-rent ratio is 22.9 (under 15 favors buying, over 21 favors renting). Renting costs $1,899/mo; owning runs about $3,902/mo — $2,003/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,769 |
| Property tax | $479 |
| Home insurance | $218 |
| Maintenance | $436 |
| Total to own | $3,902 |
| Average 2BR rent | $1,899 |
Based on a median home value of $522,924 with a $104,585 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.