Rent vs buy in Doral, FL
A typical rent of $2,881 /mo and a typical home price of $548,839 in Doral, Florida.
Buying comes out ahead by $24k over 7 years
Today's mortgage rate, with 20% down, at Doral's typical rent and its typical home value. Year 6 is where the two come out even.
Clearly labelled opinion, with the math shown. The numbers here are estimates, not quotes. Adjust a number and the stamp changes.
- Owning is ahead by
- $24k after 7 years
- Break-even point
- year 6 when owning catches up
- Real cost of owning
- $4,930 /mo year 1, against $2,881 rent
Change my numbers
The stamp's inputs are Doral's typical rent and Doral's typical home value. Your own rent, price and years can flip the result.
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Enter the rent, price and down payment amounts you want to use. Those figures change the stamp.
In Doral, is it cheaper to rent or to buy?
Counting the money you get back when you sell, buying is cheaper by $23,679 over 7 years. In year 6, owning's net cost falls below renting's and stays there.
Renting. Owning. Net cost to date, by year.
Doral's average rent vs mortgage payment
Rent and the mortgage don't tell the whole story, so here are all the monthly costs for year 1, using Doral's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,881 | All of it, every month |
| Mortgage payment | $2,992 | $2,637 of it is interest in year 1 |
| Property tax | $480 | 1.05% of the value a year |
| Insurance | $234 | Census median for the city |
| Upkeep | $457 | 1% of the value a year |
| Owning, cash out | $4,164 | $355 of it builds equity |
| Lost return on the down payment | $892 | The yearly return on your cash at 8.3% |
| Buying costs, spread out | $229 | 3.5% of the price over 7 years |
| True cost of owning | $4,930 | Cash out minus the equity share, plus the two lines listed above |
The Doral verdict, by the numbers
- Typical home value Zillow ZHVI, September 2026
- $548,839
- Typical rent Zillow ZORI, September 2026
- $2,881 /mo
- Down payment: 20% avoids private mortgage insurance, and the engine does not model it.
- 20%
- Mortgage rate Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Growth in home prices, measured by the FHFA house price index for Florida, 1995 to 2025
- 5.4% per year
- Rent growth CPI primary residence rent, yearly growth 2006 to 2026
- 3.5% yearly
- Return on your savings 60% S&P 500 with dividends, plus 40% 10-year Treasuries, rebalanced each year, 1928 to 2025
- 8.3% yearly
- Tax on the property Census ACS 2020-2024, Doral
- 1.05% of the home's value
- Insurance on the home Census ACS 2020-2024, Doral
- $234 a month
- Upkeep Fannie Mae, low end of the 1% to 4% range
- 1% of the home's value each year
- Cost of buying Freddie Mac, middle of the 2% to 5% range
- 3.5% of the purchase price
- Selling costs Agent commission and closing costs
- 6% of the price
What would change the verdict in Doral?
Every line marks where the 7-year verdict in Doral flips, with all other inputs unchanged.
When renting wins
- Home prices grow more slowly than 4.9% a year (5.4% is Florida's long-run rate, which we use).
- The mortgage rate remains above 8.00%.
- A home like this one rents below $2,630 a month (the typical figure here: $2,881).
- You move earlier than year 6.
When buying wins
- Home prices grow more quickly than 4.9% a year.
- You lock in a rate under 8.00% (right now it stands at 7.24%).
- You would pay more than $2,630 a month to rent that same home.
- You stay at least 6 years.
Doral compared with the other 812 cities
| Measure | Doral | Median city |
|---|---|---|
| Typical home value | $548,839 | $422,451 |
| Typical rent | $2,881 /mo | $1,837 /mo |
| Price-to-rent ratio | 15.9 (#567 of 813) | 18.5 |
| Home prices, last 10 years | 4.9% a year | 6.2% a year |
| Rents, last 5 years | 3.6% a year | 4% a year |
| Property tax | 1.05% | 0.87% |
| Households that rent | 53% | 42% |
Data from: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More Florida cities
- Buy. Jacksonville, FL. Buying is ahead by $27k.
- Buy. Miami, FL. Buying is ahead by $27k.
- Buy. Tampa, FL. Buying is ahead by $19k.
- Buy. In Orlando, FL, buying wins by $17k.
- Buying wins by $41k in St. Petersburg, FL. The result is Buy.
- Buying wins by $48k in Port St. Lucie, FL. The result is Buy.
- Buy. In Hialeah, FL, buying wins by $37k.
- Buying wins by $36k in Cape Coral, FL. The result is Buy.
- Buying wins by $11k in Tallahassee, FL. The result is Buy.
- Buying wins by $25k in Fort Lauderdale, FL. The result is Buy.
- Buying wins by $22k in Pembroke Pines, FL. The result is Buy.
- Buying wins by $17k in Hollywood, FL. The result is Buy.