Rent vs Buy in York, ME
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in York, ME
Price-to-rent ratio is 32.7 (under 15 favors buying, over 21 favors renting). Renting costs $1,971/mo; owning runs about $5,768/mo — $3,797/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $4,093 |
| Property tax | $709 |
| Home insurance | $322 |
| Maintenance | $644 |
| Total to own | $5,768 |
| Average 2BR rent | $1,971 |
Based on a median home value of $772,989 with a $154,598 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.