Rent vs buy in Boynton Beach, FL
In Boynton Beach, Florida, the typical rent is $2,348 /mo and the typical home is $404,476.
Over 7 years, buying comes out ahead by $41k
Using Boynton Beach's typical home value and rent, with a 20% down payment and today's mortgage rate. The break-even point is year 5.
Clearly labeled opinion, with the math shown. These are estimates, not quotes. Adjust a number and the stamp will change.
- How much owning comes out ahead
- $41k after 7 years
- Break-even point
- year 5 when owning catches up
- Real cost of owning
- $3,619 each month year 1, against $2,348 rent
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That stamp relies on typical rent and home value figures for Boynton Beach's market. Your rent, price and years can change the result.
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In Boynton Beach, is renting or buying cheaper?
Buying costs $40,765 less than renting across 7 years, after including the money returned when you sell. In year 5, owning's net cost falls below renting's and remains lower.
Rent. Ownership. Net cost to date for each year
Average rent compared with the mortgage payment in Boynton Beach
At Boynton Beach's typical price, rent and mortgage payments don't cover all expenses. Here are the monthly costs for year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,348 | All of it, every month |
| Mortgage payment | $2,205 | $1,944 of it is interest in year 1 |
| Property tax | $276 | 0.82% of the value a year |
| Insurance | $236 | Census median for the city |
| Upkeep | $337 | 1% of the value a year |
| Owning, cash out | $3,055 | $261 of it builds equity |
| Lost return on the down payment | $657 | The amount the cash would earn yearly at 8.3% |
| Buying costs, spread out | $169 | 3.5% of the price over 7 years |
| True cost of owning | $3,619 | Cash paid out, minus the equity portion, plus the two lines above |
The figures behind the Boynton Beach result
- Typical home valueZillow ZHVI, September 2026
- $404,476
- Typical rentZillow ZORI, September 2026
- $2,348 /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, Boynton Beach
- 0.82% of value
- Home insuranceCensus ACS 2020-2024, Boynton Beach
- $236 /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
What would reverse the result in Boynton Beach?
Every line marks the point where the Boynton Beach 7-year verdict changes. Everything else remains as it is.
When renting wins
- Home prices increase by less than 4.2% each year. We use Florida's long-run rate of 5.4%.
- The mortgage rate remains above 9.01%.
- Monthly rent for a home like this is less than $1,910. The typical figure here is $2,348.
- Your move comes before year 5.
When buying wins
- Home prices rise by more than 4.2% a year.
- You secure a mortgage rate under 9.01%, while the current rate is 7.24%.
- You'd pay more than $1,910 a month to rent the same home.
- You remain in the home for 5 years or more.
Boynton Beach compared with the other 812 cities
| Measure | Boynton Beach | Median city |
|---|---|---|
| Typical home value | $404,476 | $422,451 |
| Typical rent | $2,348 /mo | $1,837 /mo |
| Price-to-rent ratio | 14.4 (#664 of 813) | 18.5 |
| Home prices, last 10 years | 5.4% a year | 6.2% a year |
| Rents, last 5 years | 4.2% a year | 4% a year |
| Property tax | 0.82% | 0.87% |
| Households that rent | 35% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Florida
- Buy. Buying wins by $27k in Jacksonville, FL.
- Buy. Buying wins by $27k in Miami, FL.
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- Buy. Buying wins by $41k in St. Petersburg, FL.
- Buy. Buying wins by $48k in Port St. Lucie, FL.
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- Buy. Buying wins by $36k in Cape Coral, FL.
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- Buy. Buying wins by $22k in Pembroke Pines, FL.
- Buy. Buying wins by $17k in Hollywood, FL.