Skip to the content
rent vs buy .cityCheck your city

Rent vs buy in Clermont, FL

In Clermont, Florida, the typical rent is $2,013 /mo and the typical home is worth $427,392.

Rent vs buy Clermont verdict card: Buying comes out ahead by $13k over 7 years
Buy

Buying comes out ahead by $13k over 7 years

Today's mortgage rate and a 20% down payment are paired with Clermont's typical rent and home value. Break-even lands in year 6.

Clearly labeled opinion with the math shown. These are estimates, not quotes. Change any number and the stamp updates.

Owning leads by
$13k
after 7 years
Break-even point
in year 6
when owning catches up
The real cost of owning
$3,676 a month
year 1, against $2,013 rent

Change my numbers

Clermont's typical rent and home value drive the stamp. Your rent, price and number of years can change the result.

Do your numbers differ from the city's?

Enter your rent, price and down payment. The stamp updates with your entries.

In Clermont, is renting or buying cheaper?

Count what comes back when you sell, and buying costs $12,578 less than renting over 7 years. In year 6, owning's net cost falls below renting's and remains lower.

Rent Home ownership. Net cost to date, by year.

$0$100k$200k$300kyr 1yr 3yr 5yr 7yr 9yr 11yr 13yr 15

Average rent compared with mortgage payment in Clermont

Rent and the mortgage payment aren't the whole story. Here are all monthly costs in year 1, using Clermont's typical price.

Each month, year 1AmountWhat it is
Rent$2,013All of it, every month
Mortgage payment$2,330$2,054 of it is interest in year 1
Property tax$2420.68% of the value a year
Insurance$151Census median for the city
Upkeep$3561% of the value a year
Owning, cash out$3,079$276 of it builds equity
Lost return on the down payment$695The return on that cash: 8.3% a year
Buying costs, spread out$1783.5% of the price over 7 years
True cost of owning$3,676Cash out minus what builds equity, plus both lines above

Numbers behind the Clermont verdict

Typical home value from Zillow ZHVI, September 2026
$427,392
Typical rent Zillow ZORI, September 2026
$2,013 each month
Putting 20% down avoids private mortgage insurance; the engine doesn't model it.
20%
Mortgage rate used Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
7.24%
Growth in home prices FHFA house price index, Florida, 1995 through 2025
a year: 5.4%
Rent growth CPI rent of primary residence, yearly growth 2006 through 2026
each year: 3.5%
Savings return 60% S&P 500 with dividends plus 40% 10-year Treasuries, rebalanced each year, 1928 to 2025
each year: 8.3%
Tax on the property Census ACS 2020-2024, Clermont
0.68% of the value
Insurance for the home Census ACS 2020-2024, Clermont
$151 each month
Maintenance expenses Fannie Mae, low end of 1% to 4%
Each year, the amount is 1% of value.
Costs of buyingFreddie Mac, the midpoint between 2% and 5%
Applied to the price: 3.5%
Cost of sellingAgent commission plus closing costs
6% of the price

What would reverse the result in Clermont?

Each line marks the point where Clermont's 7-year verdict changes, while all other inputs stay fixed.

Renting is better when

  • Home prices grow by under 5.1% a year (our figure is 5.4%, Florida's long term rate).
  • The rate for mortgages stays above 7.76%.
  • A comparable home rents for under $1,880 each month (local typical rent: $2,013).
  • Your move comes before year 6.

Buying comes out ahead when

  • Home prices grow by more than 5.1% a year.
  • The mortgage rate you lock in is under 7.76% (today's is 7.24%).
  • The same home would cost more than $1,880 a month to rent.
  • Staying 6 years or longer.

Clermont compared with the other 812 cities

MeasureClermontMedian city
Typical home value$427,392$422,451
Typical rent$2,013 /mo$1,837 /mo
Price-to-rent ratio17.7 (#447 of 813)18.5
Home prices, last 10 years6% a year6.2% a year
Rents, last 5 years2.5% a year4% a year
Property tax0.68%0.87%
Households that rent32%42%

Data from: Zillow ZHVI and ZORI, Census ACS 2020-2024.

Other Florida cities

Florida rent vs buy: the state's numbers