Rent vs Buy in Valdez, AK
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Valdez, AK
Price-to-rent ratio is 25.2 (under 15 favors buying, over 21 favors renting). Renting costs $1,150/mo; owning runs about $2,595/mo — $1,445/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,842 |
| Property tax | $319 |
| Home insurance | $145 |
| Maintenance | $290 |
| Total to own | $2,595 |
| Average 2BR rent | $1,150 |
Based on a median home value of $347,795 with a $69,559 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.