Rent vs buy in Lauderhill, FL
In Lauderhill, Florida, the typical rent is $1,893 /mo and the typical home value is $211,924.
Over 7 years, buying comes out ahead by $79k
Today's mortgage rate and a 20% down payment are paired with Lauderhill's typical rent and home value. Break-even occurs in year 2.
Clearly labeled opinion, with the math shown. These are estimates, not quotes. The stamp changes when you change a number.
- Ownership leads by
- $79k after 7 years
- Break-even point
- year 2 when owning catches up
- Full ownership cost
- $1,946 /mo year 1, against $1,893 rent
Change my numbers
The stamp reflects Lauderhill's typical rent and home value. Different rent, price and time period figures can reverse the result.
Do your numbers differ from the city's?
Enter your own rent, price and down payment. Those figures change the stamp.
Is buying or renting cheaper in Lauderhill?
When you include the money returned after selling, buying costs $78,975 less than renting over 7 years. In year 2, owning's net cost falls below renting's and remains lower.
The renting option. Home ownership. The net cost so far for each year.
Average rent compared with mortgage payments in Lauderhill
Year 1 includes more than rent and the mortgage, so here's every monthly cost at Lauderhill's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,893 | All of it, every month |
| Mortgage payment | $1,155 | $1,018 of it is interest in year 1 |
| Property tax | $152 | 0.86% of the value a year |
| Insurance | $166 | Census median for the city |
| Upkeep | $177 | 1% of the value a year |
| Owning, cash out | $1,650 | $137 of it builds equity |
| Lost return on the down payment | $344 | The yearly return on cash at 8.3% |
| Buying costs, spread out | $88 | 3.5% of the price over 7 years |
| True cost of owning | $1,946 | Take cash out, subtract the equity portion and add the two amounts listed above. |
Figures behind Lauderhill's verdict
- Typical home value Zillow ZHVI, September 2026
- $211,924
- Typical rent Zillow ZORI, September 2026
- $1,893 /mo
- The engine does not model private mortgage insurance, which a 20% down payment avoids
- 20%
- Mortgage rate: Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Growth in home prices: FHFA index for Florida, 1995 to 2025
- Each year: 5.4%
- Rent growth: Primary residence rent (CPI), yearly change from 2006 to 2026
- Each year: 3.5%
- Return on savings: 60% in S&P 500 with dividends and 40% in 10-year Treasuries, rebalanced each year from 1928 to 2025
- Each year: 8.3%
- Property tax: Census ACS 2020-2024, Lauderhill
- 0.86% of the property's value
- Home insurance: Census ACS 2020-2024, Lauderhill
- Monthly cost: $166 /mo
- Maintenance: Fannie Mae, low end of 1% to 4%
- Each year: 1% of value
- Buying costs: Freddie Mac, midpoint of 2% to 5%
- Of the price, 3.5%.
- Selling costs: Agent commission plus closing costs
- 6% of the price
Which changes could alter Lauderhill's result?
Each line marks the point where Lauderhill's 7-year verdict changes, while every other factor stays as it is.
Renting is cheaper when
- Home prices increase by less than 0.4% a year, compared with the 5.4% rate used for Florida's long-run trend.
- The mortgage rate remains above 13.77%.
- A similar home rents for under $1,050 a month (the local typical rent is $1,893).
- Before year 2, you move.
When buying comes out ahead
- Home prices increase by more than 0.4% a year.
- A mortgage rate below 13.77% is locked in; today's rate is 7.24%.
- More than $1,050 a month would be the cost to rent that same home.
- You remain for at least 2 years.
Lauderhill compared with the other 812 cities
| Measure | Lauderhill | Median city |
|---|---|---|
| Typical home value | $211,924 | $422,451 |
| Typical rent | $1,893 /mo | $1,837 /mo |
| Price-to-rent ratio | 9.3 (#799 of 813) | 18.5 |
| Home prices, last 10 years | 7.5% a year | 6.2% a year |
| Rents, last 5 years | 5% a year | 4% a year |
| Property tax | 0.86% | 0.87% |
| Households that rent | 44% | 42% |
The data comes from Zillow ZHVI and ZORI, Census ACS 2020-2024: Zillow, Census.
More Florida cities
- Buy. In Jacksonville, FL, buying wins by $27k.
- Buy. In Miami, FL, buying wins by $27k.
- Buy. In Tampa, FL, buying wins by $19k.
- Buy. In Orlando, FL, buying wins by $17k.
- Buying wins by $41k in St. Petersburg, FL.
- Buying wins by $48k in Port St. Lucie, FL.
- Buy. In Hialeah, FL, buying wins by $37k.
- Buying wins by $36k in Cape Coral, FL.
- Buying wins by $11k in Tallahassee, FL.
- Buy. Fort Lauderdale, FL has a $25k buying advantage.
- Buy. Pembroke Pines, FL has a $22k buying advantage.
- Buy. Buying in Hollywood, FL wins by $17k.