Rent vs buy in Everett, MA
In Everett, Massachusetts, the typical rent is $2,803 /mo and the typical home costs $619,615.
Renting is ahead by $8k over 7 years
Using Everett's typical rent and home value, a 20% down payment, and today's mortgage rate. Year 8 is the break-even point.
An opinion, clearly labeled, with the math shown. These are estimates, not quotes. The stamp changes when a number changes.
- Rent leads by
- $8k after 7 years
- When costs balance
- Year 8 when owning catches up
- Full cost of ownership
- $5,311 per month year 1, against $2,803 rent
Change my numbers
For typical rent and home value, the stamp uses Everett's figures. Your rent, price and years can change the result.
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Enter the rent, purchase price and down payment you want to use. The stamp changes as those numbers change.
Would renting or buying cost less in Everett?
Renting costs $7,741 less over 7 years, including the money you get back when you sell. For the first 7 years, renting costs less. By year 8, owning catches up.
Rent. Buy. Net cost so far for each year.
How average rent compares with mortgage payments in Everett
Rent and mortgage payments don't cover everything. At Everett's typical price, here are all monthly costs in year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,803 | All of it, every month |
| Mortgage payment | $3,378 | $2,978 of it is interest in year 1 |
| Property tax | $413 | 0.8% of the value a year |
| Insurance | $139 | Census median for the city |
| Upkeep | $516 | 1% of the value a year |
| Owning, cash out | $4,447 | $401 of it builds equity |
| Lost return on the down payment | $1,007 | What cash would earn each year at 8.3% |
| Buying costs, spread out | $258 | 3.5% of the price over 7 years |
| True cost of owning | $5,311 | Cash out minus equity, then add the two lines above |
Everett verdict explained by numbers
- Typical home valueZillow ZHVI, September 2026
- $619,615
- Typical rentZillow ZORI, September 2026
- $2,803 /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, Massachusetts, 1995 to 2025
- 5.1% 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, Everett
- 0.8% of value
- Home insuranceCensus ACS 2020-2024, Everett
- $139 /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 Everett result?
Every line marks the threshold that changes Everett's 7-year verdict, while all other factors remain unchanged.
Renting wins under these conditions
- Home prices rise at a yearly rate below 5.2%; our calculation uses 5.1%, Massachusetts's long-term rate.
- The mortgage rate remains above 7.02%.
- For a home like this, monthly rent is less than $2,890 (typical here: $2,803).
- Moving before year 8.
Buying wins under these conditions
- Home prices rise at more than 5.2% a year.
- You secure a mortgage rate under 7.02% (today's is 7.24%).
- Monthly rent for the same home would exceed $2,890.
- You remain there for 8 years or more.
Everett compared with the other 812 cities
| Measure | Everett | Median city |
|---|---|---|
| Typical home value | $619,615 | $422,451 |
| Typical rent | $2,803 /mo | $1,837 /mo |
| Price-to-rent ratio | 18.4 (#410 of 813) | 18.5 |
| Home prices, last 10 years | 5.9% a year | 6.2% a year |
| Rents, last 5 years | 4% a year | 4% a year |
| Property tax | 0.80% | 0.87% |
| Households that rent | 63% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Other Massachusetts cities
- Renting wins by $10k in Boston, MA.
- Renting wins by $8k in Worcester, MA.
- Buying wins by $18k in Springfield, MA.
- Renting wins by $83k in Cambridge, MA.
- Renting wins by $9k in Lowell, MA.
- Rent. Brockton, MA. The difference favors renting by $19k.
- Rent. Lynn, MA. The difference favors renting by $45k.
- Rent. Quincy, MA. The difference favors renting by $51k.
- Rent. New Bedford, MA. The difference favors renting by $40k.
- Rent. Fall River, MA. The difference favors renting by $29k.
- Rent. Newton, MA. The difference favors renting by $317k.
- A close call. Lawrence, MA. Renting is ahead by $2k.