Rent vs buy in Edinburg, TX
In Edinburg, Texas, the typical rent is $1,027 /mo and the typical home value is $212,973.
Renting comes out ahead by $28k over 7 years
Using 20% down and today's mortgage rate, the figures reflect Edinburg's typical rent and home value. The break-even point arrives in year 20.
Clearly labeled opinion, with the math shown. These are estimates, not quotes. The stamp updates when you change a number.
- Renting leads by
- $28k after 7 years
- Break-even point
- year 20 when owning catches up
- Actual cost of owning
- $2,083 /mo year 1, against $1,027 rent
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Is it cheaper to rent or buy in Edinburg?
Over 7 years, renting costs $27,946 less after counting the money you receive when you sell. For the first 19 years, renting costs less. By year 20, owning catches up.
Renting. Owning. Net cost by year so far.
Average rent compared with a mortgage payment in Edinburg
Rent and mortgage payments don't tell the whole story. At Edinburg's typical price, here are all monthly costs during year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,027 | All of it, every month |
| Mortgage payment | $1,161 | $1,023 of it is interest in year 1 |
| Property tax | $337 | 1.9% of the value a year |
| Insurance | $110 | Census median for the city |
| Upkeep | $177 | 1% of the value a year |
| Owning, cash out | $1,786 | $138 of it builds equity |
| Lost return on the down payment | $346 | What the cash would earn each year at 8.3% |
| Buying costs, spread out | $89 | 3.5% of the price over 7 years |
| True cost of owning | $2,083 | Cash paid out, minus the equity portion, plus the two amounts above |
The figures behind Edinburg's result
- Typical home valueZillow ZHVI, September 2026
- $212,973
- Typical rentZillow ZORI, September 2026
- $1,027 /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, Texas, 1995 to 2025
- 4.7% 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, Edinburg
- 1.9% of value
- Home insuranceCensus ACS 2020-2024, Edinburg
- $110 /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 make the Edinburg result flip?
Each line shows where Edinburg's 7-year result changes, with all other factors held constant.
Renting comes out ahead when
- Home prices grow by less than 6.3% each year. Our estimate uses 4.7%, which is Texas's long-run rate.
- For mortgages, the rate remains above 4.90%.
- The monthly rent for a comparable home is under $1,330, compared with $1,027 as the typical rent here.
- Before year 20, you move.
When buying comes out ahead
- Home prices rise by more than 6.3% a year.
- Today's mortgage rate is 7.24%, and you lock a rate below 4.90%.
- You'd pay more than $1,330 a month to rent the same home.
- You stay for 20 years or longer.
Edinburg compared with the other 812 cities
| Measure | Edinburg | Median city |
|---|---|---|
| Typical home value | $212,973 | $422,451 |
| Typical rent | $1,027 /mo | $1,837 /mo |
| Price-to-rent ratio | 17.3 (#478 of 813) | 18.5 |
| Home prices, last 10 years | 6.1% a year | 6.2% a year |
| Rents, last 5 years | 2.5% a year | 4% a year |
| Property tax | 1.90% | 0.87% |
| Households that rent | 47% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Texas
- Toss-up. Houston, TX. Renting leads by $2k.
- Rent. San Antonio, TX. Renting leads by $10k.
- Rent. Dallas, TX. Renting leads by $20k.
- Rent. Fort Worth, TX. Renting leads by $17k.
- Rent. Austin, TX. Renting leads by $111k.
- Toss-up. El Paso, TX. Buying leads by $2k.
- Rent. Arlington, TX. Renting leads by $34k.
- Buy. Corpus Christi, TX. Buying leads by $4k.
- Rent. Plano, TX. Renting leads by $105k.
- Toss-up. Lubbock, TX. Buying leads by $2k.
- Rent. Laredo, TX. Renting leads by $20k.
- Rent. Irving, TX. Renting leads by $36k.