Rent vs buy in Bonita Springs, FL
In Florida, the typical rent for Bonita Springs, Florida is $2,786 /mo and the typical home is $502,544.
Buying comes out ahead by $49k over 7 years
Using Bonita Springs's typical home value and rent, the figures assume 20% down and today's mortgage rate. You reach the break-even point in year 5.
Our view, clearly labeled, with the math shown. These are estimates, not quotes. The stamp changes whenever you change a number.
- Ownership leads by
- $49k after 7 years
- Break-even point
- Year 5 when owning catches up
- Full cost of owning
- $4,377 each month year 1, against $2,786 rent
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The stamp relies on Bonita Springs's typical home value and rent. Different rent, price and time frames can change the result.
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In Bonita Springs, does renting or buying cost less?
Buying costs $48,564 less across 7 years after including the money you receive when you sell. In year 5, owning's net cost falls below renting's and remains lower.
Rent. Cost of owning. Net cost to date, by year.
Bonita Springs: average rent compared with mortgage payment
At Bonita Springs's typical price, this breakdown shows every monthly cost for year 1, including rent and the mortgage.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,786 | All of it, every month |
| Mortgage payment | $2,740 | $2,415 of it is interest in year 1 |
| Property tax | $335 | 0.8% of the value a year |
| Insurance | $182 | Census median for the city |
| Upkeep | $419 | 1% of the value a year |
| Owning, cash out | $3,676 | $325 of it builds equity |
| Lost return on the down payment | $817 | Cash earnings at 8.3% a year |
| Buying costs, spread out | $209 | 3.5% of the price over 7 years |
| True cost of owning | $4,377 | Cash paid minus equity, plus both of the lines above |
Bonita Springs verdict numbers
- Typical home valueZillow ZHVI, September 2026
- $502,544
- Typical rentZillow ZORI, September 2026
- $2,786 /mo
- Down payment20% avoids private mortgage insurance, which the engine does not model
- 20%
- Mortgage rateFreddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Home price growthFHFA house price index, Florida, 1995 to 2025
- 5.4% a year
- Rent growthCPI rent of primary residence, yearly growth 2006 to 2026
- 3.5% a year
- Return on savings60% S&P 500 with dividends and 40% 10-year Treasuries, rebalanced yearly, 1928 to 2025
- 8.3% a year
- Property taxCensus ACS 2020-2024, Bonita Springs
- 0.8% of value
- Home insuranceCensus ACS 2020-2024, Bonita Springs
- $182 /mo
- MaintenanceFannie Mae, low end of 1% to 4%
- 1% of value a year
- Buying costsFreddie Mac, middle of 2% to 5%
- 3.5% of price
- Selling costsAgent commission plus closing costs
- 6% of price
Which change would flip the Bonita Springs result?
Each line marks where the 7-year verdict for Bonita Springs changes. Everything else stays as it is.
When renting wins
- Home prices grow more slowly than 4.2% a year. We use Florida's long-run rate of 5.4%.
- The mortgage rate remains above 8.94%.
- Monthly rent for a similar home is under $2,270 (typical here: $2,786).
- Before year 5, you move.
When buying wins
- Each year, home prices grow faster than 4.2%.
- You lock in a rate below 8.94%. The current mortgage rate is 7.24%.
- You would pay more than $2,270 a month to rent the same home.
- You remain for at least 5 years.
Bonita Springs compared with the other 812 cities
| Measure | Bonita Springs | Median city |
|---|---|---|
| Typical home value | $502,544 | $422,451 |
| Typical rent | $2,786 /mo | $1,837 /mo |
| Price-to-rent ratio | 15.0 (#620 of 813) | 18.5 |
| Home prices, last 10 years | 4.2% a year | 6.2% a year |
| Rents, last 5 years | 3.7% a year | 4% a year |
| Property tax | 0.80% | 0.87% |
| Households that rent | 18% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Florida
- For Jacksonville, FL results, the advice is Buy. Buying has a $27k advantage.
- For Miami, FL results, the advice is Buy. Buying has a $27k advantage.
- For Tampa, FL results, the advice is Buy. Buying has a $19k advantage.
- For Orlando, FL results, the advice is Buy. Buying has a $17k advantage.
- For St. Petersburg, FL results, the advice is Buy. Buying has a $41k advantage.
- For Port St. Lucie, FL results, the advice is Buy. Buying has a $48k advantage.
- For Hialeah, FL results, the advice is Buy. Buying has a $37k advantage.
- For Cape Coral, FL results, the advice is Buy. Buying has a $36k advantage.
- For Tallahassee, FL results, the advice is Buy. Buying has an $11k advantage.
- For Fort Lauderdale, FL results, the advice is Buy. Buying has a $25k advantage.
- For Pembroke Pines, FL results, the advice is Buy. Buying has a $22k advantage.
- For Hollywood, FL results, the advice is Buy. Buying has a $17k advantage.