Rent vs. Buy Calculator
Not sure whether to keep renting or make the leap to homeownership? This calculator breaks down the numbers so you can decide with confidence.
When Does Buying Make More Sense Than Renting?
In South Florida's luxury coastal market, the rent-vs-buy decision isn't one-size-fits-all. Historically, property values in Delray Beach, Boca Raton, and surrounding communities have appreciated steadily — the median home price in Palm Beach County has risen roughly 40% over the past five years. That kind of appreciation means homeowners build equity over time, while renters pay a cost they'll never get back.
That said, buying isn't always the right move right away. If you plan to stay fewer than 2–3 years, closing costs and transaction fees can outweigh the equity you'd build. Florida's tax advantages — no state income tax and a homestead exemption that shields up to $50,000 of your home's assessed value — further tip the scales toward ownership for longer-term residents. Use the calculator below to find your personal break-even point.
Palm Beach County home values have grown ~40% in 5 years, building meaningful equity for owners.
No state income tax + homestead exemption of up to $50,000 — significant annual savings for homeowners.
In South Florida, most buyers break even within 3–5 years depending on price, rate, and appreciation.
Run Your Numbers
Adjust the inputs below and see results update in real time.
Renting
Buying
Assumptions
Calculating…
Break-Even Point
Total Cost Comparison
Net Wealth After 7 Years
Investment portfolio from saved capital
Home equity minus remaining mortgage
Year-by-Year Snapshot
| Year | Total Rent Paid | Total Buy Cost | Home Value | Equity |
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This calculator provides estimates for educational purposes only and does not constitute financial or legal advice. Actual costs may vary based on your credit score, loan terms, insurance rates, HOA fees, maintenance costs, tax deductions, and market conditions. Consult a financial advisor and your real estate agent for personalized guidance.
Have questions about whether buying is right for you?
Let's talk. I'll walk through your numbers, the local market, and what makes sense for your situation — no pressure, just honest guidance.