Rent vs buy in Coral Springs, FL
In Coral Springs, Florida, the typical rent is $2,263 /mo and the typical home value is $521,975.
Renting comes out ahead by $31k over 7 years
With Coral Springs's typical rent, home value, 20% down and today's mortgage rate. You reach break-even in year 11.
An opinion with a clear label and the math shown. The figures are estimates, not quotes. Adjust a figure, and the stamp updates.
- Rent leads by
- $31k after 7 years
- Break-even point
- year 11 when owning catches up
- Full cost of ownership
- $4,793 /mo year 1, against $2,263 rent
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The stamp uses the typical rent and home value for Coral Springs's market. Your rent, price and years can reverse the result.
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Is it cheaper to rent or buy in Coral Springs?
Over 7 years, renting costs $30,584 less when you include the money you get back when you sell. For the first 10 years, renting costs less. By year 11, owning catches up.
The result: renting. Home ownership. Net cost through each year.
Coral Springs: average rent compared with mortgage payment
At Coral Springs's typical price, rent and the mortgage don't cover every monthly cost. Here's the full list for year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,263 | All of it, every month |
| Mortgage payment | $2,846 | $2,508 of it is interest in year 1 |
| Property tax | $444 | 1.02% of the value a year |
| Insurance | $340 | Census median for the city |
| Upkeep | $435 | 1% of the value a year |
| Owning, cash out | $4,064 | $337 of it builds equity |
| Lost return on the down payment | $848 | Cash earnings at 8.3% a year. |
| Buying costs, spread out | $217 | 3.5% of the price over 7 years |
| True cost of owning | $4,793 | Cash paid, minus the equity portion, plus both items listed earlier. |
Coral Springs verdict: the supporting numbers
- Typical home valueZillow ZHVI, September 2026
- $521,975
- Typical rentZillow ZORI, September 2026
- $2,263 /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, Coral Springs
- 1.02% of value
- Home insuranceCensus ACS 2020-2024, Coral Springs
- $340 /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 Coral Springs?
Each line marks where the 7-year verdict for Coral Springs changes. Everything else stays the same.
Renting comes out ahead when
- Home prices rise by less than 6.1% a year, and we use 5.4%, the long-run rate for Florida's market.
- The rate for a mortgage stays above 6.20%.
- Similar homes rent below $2,590 each month. Here, the typical rent is $2,263.
- Before year 11, you move.
Buying comes out ahead when
- Home prices grow at more than 6.1% a year.
- With a mortgage rate below 6.20% locked in (today's is 7.24%).
- The same home would cost over $2,590 monthly to rent.
- You remain there for 11 years or more.
Coral Springs compared with the other 812 cities
| Measure | Coral Springs | Median city |
|---|---|---|
| Typical home value | $521,975 | $422,451 |
| Typical rent | $2,263 /mo | $1,837 /mo |
| Price-to-rent ratio | 19.2 (#375 of 813) | 18.5 |
| Home prices, last 10 years | 6.2% a year | 6.2% a year |
| Rents, last 5 years | 4.5% a year | 4% a year |
| Property tax | 1.02% | 0.87% |
| Households that rent | 40% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Florida
- Buying wins by $27k in Jacksonville, FL.
- Buying wins by $27k in Miami, FL.
- Buying wins by $19k in Tampa, FL.
- Buying wins by $17k in Orlando, FL.
- Buying wins by $41k in St. Petersburg, FL.
- Buying wins by $48k in Port St. Lucie, FL.
- Buying wins by $37k in Hialeah, FL.
- Buying wins by $36k in Cape Coral, FL.
- Buying wins by $11k in Tallahassee, FL.
- Buying wins by $25k in Fort Lauderdale, FL.
- Buying wins by $22k in Pembroke Pines, FL.
- Buying wins by $17k in Hollywood, FL.