Rent vs buy in Davie, FL
In Davie, Florida, typical rent is $2,432 /mo and a typical home costs $515,457.
Renting is $8k ahead over 7 years
With today's mortgage rate and 20% down, the figures use Davie's typical rent and home value. You reach break-even in year 8.
Clearly labeled opinion with the math shown. Estimates, not quotes. The stamp changes when you change a number.
- Renting leads by
- $8k after 7 years
- Break-even point
- Year 8 when owning catches up
- What owning really costs
- $4,687 /mo year 1, against $2,432 rent
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Is it cheaper to rent or buy in Davie?
Over 7 years, renting costs $7,672 less, including the money you get back when you sell. Renting costs less during the first 7 years. By year 8, owning catches up.
Renting. Owning. Net cost to date for each year
Davie: average rent compared with mortgage payment
Using Davie's typical price, this list covers every monthly cost in year 1. Rent and mortgage payments aren't the whole story.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,432 | All of it, every month |
| Mortgage payment | $2,810 | $2,477 of it is interest in year 1 |
| Property tax | $421 | 0.98% of the value a year |
| Insurance | $307 | Census median for the city |
| Upkeep | $430 | 1% of the value a year |
| Owning, cash out | $3,968 | $333 of it builds equity |
| Lost return on the down payment | $838 | The cash would earn 8.3% each year |
| Buying costs, spread out | $215 | 3.5% of the price over 7 years |
| True cost of owning | $4,687 | Cash out, with equity deducted and both earlier lines added. |
The numbers behind the verdict in Davie
- Typical home valueZillow ZHVI, September 2026
- $515,457
- Typical rentZillow ZORI, September 2026
- $2,432 /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, Davie
- 0.98% of value
- Home insuranceCensus ACS 2020-2024, Davie
- $307 /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 change Davie's result?
Each line shows when Davie's 7-year result changes, with all other factors kept as they are.
Renting is cheaper when
- Home prices rise at a rate under 5.6% annually; our estimate is 5.4%, based on Florida's long-term average.
- The mortgage rate remains higher than 6.98%.
- A similar home rents below $2,510 monthly; the local typical figure is $2,432.
- Your move happens before year 8.
Conditions that favor buying
- Home prices grow by more than 5.6% a year.
- A mortgage rate below 6.98% is locked; today's rate is 7.24%.
- The monthly rent for that same home would exceed $2,510.
- You remain for 8 years or longer.
Davie compared with the other 812 cities
| Measure | Davie | Median city |
|---|---|---|
| Typical home value | $515,457 | $422,451 |
| Typical rent | $2,432 /mo | $1,837 /mo |
| Price-to-rent ratio | 17.7 (#450 of 813) | 18.5 |
| Home prices, last 10 years | 6% a year | 6.2% a year |
| Rents, last 5 years | 4.4% a year | 4% a year |
| Property tax | 0.98% | 0.87% |
| Households that rent | 33% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Additional Florida cities
- Buying wins by $27k. Jacksonville, FL.
- Buying wins by $25k. Fort Lauderdale, FL.
- Buying wins by $22k. Pembroke Pines, FL.