Carson City, NV

Rent vs buy in Carson City

Median home $426,700. A 1 bedrooms rents for $1,235 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $1,235; per month
Own the median home: $2,698; P&I, tax, insurance, upkeep
Owning costs extra: $1,463; per month, same metro

What a purchase actually costs

20% down payment$85,340
Mortgage at 6.5%$2,158
Property tax (0.42% of value)$149/mo · $1,792/yr
Insurance and upkeep (1.1%/yr)$391
Total monthly ownership$2,698

Months of leftover to save the down payment

At $2,332 left over a month, it takes about 37 months (3.1 years) to save $85,340 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.