10-Year Rent vs Buy in Cincinnati, OH
If you plan to stay in Cincinnati for 10 years, here's how renting and buying compare.
⚖️ It's Close Either Way
Potential savings by buying: $7,770
Total Rent Paid
$178,837
Total Owner Costs
$315,262
Equity After Selling
$144,196
Customize Your Analysis
The above results use default assumptions. Adjust the inputs below to match your specific situation.
Rent vs Buy in Cincinnati, Ohio
Should you rent or buy a home? Calculate your best option.
Your Scenario
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10 years
1 years30 years
Explore Scenarios
Adjust these sliders to see how different assumptions affect your decision.
Mortgage Rate7.00%
5%7%9%
Home Appreciation3.0%
0%3%5%
Rent Growth3.0%
0%3%6%
Time Horizon10 years
35710
💡 Tips
- • Higher mortgage rates favor renting
- • Higher home appreciation favors buying
- • Higher rent growth favors buying
- • Longer time horizons typically favor buying
⚖️It's a Toss-Up
You could save $7,770 by buying
Over 10 years
Monthly Cost (Rent)
$1,490
Average
Monthly Cost (Own)
$2,148
Average (excl. equity)
Total Rent Paid
$178,837
Total Owner Costs
$315,262
Final Equity
$144,196
After selling costs
Break-Even Year
Year 9
Within horizon
Upfront Costs to Buy
Down Payment (20%)$50,000
Closing Costs (3%)$7,500
Total Needed$57,500
Cost Comparison Over Time
Total Rent Paid
Total Owner Costs
Net Cost (After Equity)
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