Rent vs buy in Coconut Creek, FL
In Coconut Creek, Florida, typical rent is $2,355 /mo, and a typical home costs $279,112.
Over 7 years, buying comes out ahead by $87k
Today's mortgage rate and 20% down are combined with a typical rent and home value for Coconut Creek's market. The break-even point is year 3.
An opinion with clear labels and the math shown. These are estimates, not quotes. The stamp updates whenever you change a number.
- Owning comes out ahead by
- $87k after 7 years
- Break-even point
- year 3 when owning catches up
- Full cost of owning
- $2,602 /mo year 1, against $2,355 rent
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Is renting or buying cheaper in Coconut Creek?
Over 7 years, buying costs $87,196 less, including the money you get back when you sell. In year 3, owning's net cost falls below renting's and remains lower.
Rent option. Owning. Net cost to date, shown by year.
Coconut Creek: average rent compared with mortgage payment
Rent and mortgage aren't the whole story. Coconut Creek's typical price anchors this list of every monthly cost in year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,355 | All of it, every month |
| Mortgage payment | $1,522 | $1,341 of it is interest in year 1 |
| Property tax | $242 | 1.04% of the value a year |
| Insurance | $216 | Census median for the city |
| Upkeep | $233 | 1% of the value a year |
| Owning, cash out | $2,212 | $180 of it builds equity |
| Lost return on the down payment | $454 | At 8.3% a year, this is what the cash would earn. |
| Buying costs, spread out | $116 | 3.5% of the price over 7 years |
| True cost of owning | $2,602 | Take cash out, subtract the equity part and add the two lines above. |
The figures that support the Coconut Creek verdict
- Typical home valueZillow ZHVI, September 2026
- $279,112
- Typical rentZillow ZORI, September 2026
- $2,355 /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, Coconut Creek
- 1.04% of value
- Home insuranceCensus ACS 2020-2024, Coconut Creek
- $216 /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
In Coconut Creek, what would flip the result?
Every line marks where the Coconut Creek 7-year verdict changes, with everything else held constant.
Renting comes out ahead when
- Home prices rise by less than 1.3% each year. Our baseline uses Florida's long-run rate of 5.4%.
- Here, the mortgage rate remains above 12.72% throughout.
- Monthly rent for a home like this is under $1,420 (typical here: $2,355).
- Your move happens before year 3.
When buying comes out ahead
- Home prices rise by more than 1.3% a year.
- You secure a mortgage rate under 12.72% (today's is 7.24%).
- For the same home, your monthly rent would be over $1,420.
- You remain in the home for 3 years or longer.
How Coconut Creek compares with the other 812 cities
| Measure | Coconut Creek | Median city |
|---|---|---|
| Typical home value | $279,112 | $422,451 |
| Typical rent | $2,355 /mo | $1,837 /mo |
| Price-to-rent ratio | 9.9 (#789 of 813) | 18.5 |
| Home prices, last 10 years | 5% a year | 6.2% a year |
| Rents, last 5 years | 3.5% a year | 4% a year |
| Property tax | 1.04% | 0.87% |
| Households that rent | 35% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Other Florida cities
- Buy. In Jacksonville, FL, buying wins by $27k.
- Buy. In Miami, FL, buying wins by $27k.
- Buy. In Tampa, FL, buying wins by $19k.
- Buy. In Orlando, FL, buying wins by $17k.
- Buy. Buying wins by $41k in St. Petersburg, FL.
- Buy. Port St. Lucie, FL gives buying a $48k advantage.
- Buy. Hialeah, FL gives buying a $37k advantage over renting.
- Buy. Cape Coral, FL gives buying a $36k advantage.
- Buy. Tallahassee, FL gives buying an $11k advantage over renting.
- Buy. Fort Lauderdale, FL gives buying a $25k advantage.
- Buy. Pembroke Pines, FL gives buying a $22k advantage over renting.
- Buy. Hollywood, FL gives buying a $17k advantage.