Rent vs Buy in Youngstown, OH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Youngstown, OH
Price-to-rent ratio is 6.9 (under 15 favors buying, over 21 favors renting). Renting costs $884/mo; owning runs about $550/mo — $334/mo less to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $390 |
| Property tax | $68 |
| Home insurance | $31 |
| Maintenance | $61 |
| Total to own | $550 |
| Average 2BR rent | $884 |
Based on a median home value of $73,639 with a $14,728 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.