Barnstable Town, MA

Rent vs buy in Barnstable Town

Median home $575,900. A 1 bedrooms rents for $1,982 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $1,982; per month
Own the median home: $3,781; P&I, tax, insurance, upkeep
Owning costs extra: $1,799; per month, same metro

What a purchase actually costs

20% down payment$115,180
Mortgage at 6.5%$2,912
Property tax (0.71% of value)$341/mo · $4,089/yr
Insurance and upkeep (1.1%/yr)$528
Total monthly ownership$3,781

Months of leftover to save the down payment

At $2,010 left over a month, it takes about 58 months (4.8 years) to save $115,180 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.