Rent vs buy in Jeffersonville, IN
In Jeffersonville, Indiana, the typical monthly rent is $1,366, while a typical home costs $251,463.
Over 7 years, renting comes out ahead by $15k
With Jeffersonville's typical figures for rent and home value, the calculation applies 20% down and today's mortgage rate. You reach the break-even point in year 11.
A clearly labeled opinion with the math shown. These are estimates, not quotes. If you change a number, the stamp changes too.
- Renting is ahead by
- $15k after 7 years
- Break-even point
- year 11 when owning catches up
- Full cost of owning
- $2,210 /mo year 1, against $1,366 rent
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The stamp draws on Jeffersonville's typical rent and home value. The result can change with your rent, price and years.
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Is renting or buying cheaper in Jeffersonville?
Over 7 years, renting costs $14,923 less after counting the money you receive when you sell. For the first 10 years, renting costs less. By year 11, owning has caught up.
Renting. Owning. Net cost to date, organized by year.
Jeffersonville: average rent compared with mortgage payment
Monthly costs in year 1 go beyond rent and mortgage payments, using Jeffersonville's typical price to show them all.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,366 | All of it, every month |
| Mortgage payment | $1,371 | $1,208 of it is interest in year 1 |
| Property tax | $178 | 0.85% of the value a year |
| Insurance | $100 | Census median for the city |
| Upkeep | $210 | 1% of the value a year |
| Owning, cash out | $1,859 | $163 of it builds equity |
| Lost return on the down payment | $409 | What the cash would earn yearly at 8.3% |
| Buying costs, spread out | $105 | 3.5% of the price over 7 years |
| True cost of owning | $2,210 | Subtract the equity part from cash out, then add the two lines above. |
The figures behind Jeffersonville's result
- Typical home valueZillow ZHVI, September 2026
- $251,463
- Typical rentZillow ZORI, September 2026
- $1,366 /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, Indiana, 1995 to 2025
- 3.7% 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, Jeffersonville
- 0.85% of value
- Home insuranceCensus ACS 2020-2024, Jeffersonville
- $100 /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 flip the result in Jeffersonville?
Jeffersonville's 7-year verdict changes at the point shown by each line, while everything else stays the same.
Renting comes out ahead when
- Our rate is 3.7%, Indiana's long-run rate, for home price growth below 4.4% a year.
- The mortgage rate remains above 6.19%.
- A similar home rents for under $1,530 a month, compared with the typical $1,366 here.
- Before year 11, you move.
Buying comes out ahead when
- Annual home price growth exceeds 4.4%.
- You lock in a mortgage rate under 6.19% (today's is 7.24%).
- The monthly rent for that same home would exceed $1,530.
- Your stay lasts 11 years or longer.
Jeffersonville compared with the other 812 cities
| Measure | Jeffersonville | Median city |
|---|---|---|
| Typical home value | $251,463 | $422,451 |
| Typical rent | $1,366 /mo | $1,837 /mo |
| Price-to-rent ratio | 15.3 (#606 of 813) | 18.5 |
| Home prices, last 10 years | 7.2% a year | 6.2% a year |
| Property tax | 0.85% | 0.87% |
| Households that rent | 28% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Other Indiana cities
- Toss-up. Indianapolis, IN. Toss-up, with renting ahead by $2k.
- Rent. In Fort Wayne, IN, renting is ahead by $20k.
- Rent. In Evansville, IN, renting is ahead by $17k.
- Rent. In Fishers, IN, renting is ahead by $70k.
- Buy. In South Bend, IN, buying is ahead by $4k.
- Rent. In Carmel, IN, renting is ahead by $143k.
- Rent. In Bloomington, IN, renting is ahead by $9k.
- Buy. In Hammond, IN, buying is ahead by $37k.
- Rent. In Noblesville, IN, renting is ahead by $62k.
- Rent. In Lafayette, IN, renting is ahead by $24k.
- Rent. In Greenwood, IN, renting is ahead by $33k.
- Buy. In Gary, IN, buying is ahead by $72k.