Eagle Pass, TX

Rent vs buy in Eagle Pass

Median home $151,500. A 1 bedrooms rents for $916 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $916; per month
Own the median home: $1,080; P&I, tax, insurance, upkeep
Owning costs extra: $164; per month, same metro

What a purchase actually costs

20% down payment$30,300
Mortgage at 6.5%$766
Property tax (1.39% of value)$175/mo · $2,106/yr
Insurance and upkeep (1.1%/yr)$139
Total monthly ownership$1,080

Months of leftover to save the down payment

At $2,281 left over a month, it takes about 14 months (1.2 years) to save $30,300 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.