Rent vs buy in Lewisville, TX
In Lewisville, Texas, the typical rent is $1,538 /mo and the typical home is $384,345.
Over 7 years, renting comes out ahead by $66k
This uses Lewisville's typical rent, home value, 20% down and today's mortgage rate. No break-even within 30 years.
Opinion, clearly labelled. The math is shown too. These numbers are estimates, not quotes. Adjust any figure and the stamp updates.
- Renting leads by
- $66k after 7 years
- Break-even point
- 30 years+ owning never catches up sooner
- Real cost of owning
- $3,617 per month year 1, against $1,538 rent
Change my numbers
It runs on Lewisville's typical rent and typical home value. Rent, price and years all come from you, and they can turn the result around.
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Enter the rent, price and down payment you want to use. Those figures change the stamp.
Is it cheaper to rent or buy in Lewisville?
Across 7 years, renting costs $66,427 less, counting the money you get back when you sell. In every year shown, renting's net cost is lower than owning's, and owning doesn't make up the difference in 30 years.
Rent. Buy. Running net cost, year by year.
Average rent against mortgage payment in Lewisville
Rent and the mortgage don't tell the whole story. Here are all monthly costs at Lewisville's typical price for year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,538 | All of it, every month |
| Mortgage payment | $2,095 | $1,847 of it is interest in year 1 |
| Property tax | $490 | 1.53% of the value a year |
| Insurance | $175 | Census median for the city |
| Upkeep | $320 | 1% of the value a year |
| Owning, cash out | $3,081 | $248 of it builds equity |
| Lost return on the down payment | $625 | Annual earnings on the cash at 8.3% |
| Buying costs, spread out | $160 | 3.5% of the price over 7 years |
| True cost of owning | $3,617 | Cash out, with the equity part subtracted and the two lines above added |
The numbers that support the Lewisville verdict
- Zillow ZHVI, September 2026 for typical home value
- $384,345
- Zillow ZORI, September 2026 for typical rent
- $1,538 per month
- Down payment20% avoids private mortgage insurance, and the engine does not model it.
- 20%
- Mortgage rateFreddie Mac Primary Mortgage Market Survey data (FRED MORTGAGE30US)
- 7.24%
- FHFA's house price index, Texas, 1995 through 2025 for home price growth
- Annual rate: 4.7%
- CPI rent of primary residence, annual growth from 2006 to 2026 for rent growth
- Annual rate: 3.5%
- 60% S&P 500, including dividends, plus 40% 10-year Treasuries, rebalanced each year, from 1928 through 2025 for return on savings
- A yearly rate of 8.3%
- Property tax from Census ACS 2020-2024, Lewisville
- 1.53% applies to the value
- Home insurance from Census ACS 2020-2024, Lewisville
- Each month: $175
- MaintenanceFannie Mae, 1% to 4% at the low end
- Each year, 1% of value
- Buying costsFreddie Mac, middle of the 2% to 5% range
- 3.5% applied to price
- Sale costsAgent commission and closing costs
- 6% of the price
What would flip the Lewisville result?
Every line below marks the point where the 7-year result for Lewisville changes, and all other inputs stay the same.
Renting wins if
- Annual home price growth stays below 6.7%; the calculation uses 4.7%, Texas's long-run rate.
- This condition applies when the mortgage rate remains above 4.14%.
- A home like this goes for under $2,250 a month in rent (typical here: $1,538).
- Move at any time during the next 30 years and owning never catches up with these numbers.
Buying wins if
- Annual home price growth runs above 6.7%.
- A mortgage rate under 4.14% is what you lock in (today's is 7.24%).
- For the same home, renting would cost more than $2,250 each month.
Lewisville compared with the other 812 cities
| Measure | Lewisville | Median city |
|---|---|---|
| Typical home value | $384,345 | $422,451 |
| Typical rent | $1,538 /mo | $1,837 /mo |
| Price-to-rent ratio | 20.8 (#296 of 813) | 18.5 |
| Home prices, last 10 years | 4.9% a year | 6.2% a year |
| Rents, last 5 years | 1.1% a year | 4% a year |
| Property tax | 1.53% | 0.87% |
| Households that rent | 54% | 42% |
Data from: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Texas
- Toss-up. In Houston, TX, it's a toss-up, with renting ahead by $2k.
- Rent. For San Antonio, TX, renting comes out ahead by $10k.
- Rent. In Dallas, TX, renting leads by $20k.
- Rent. For Fort Worth, TX, renting comes out ahead by $17k.
- Rent. In Austin, TX, renting leads by $111k.
- Toss-up. In El Paso, TX, it's a toss-up, with buying ahead by $2k.
- Rent. For Arlington, TX, renting comes out ahead by $34k.
- Buy. In Corpus Christi, TX, buying leads by $4k.
- Rent. For Plano, TX, renting comes out ahead by $105k.
- Toss-up. In Lubbock, TX, it's a toss-up, with buying ahead by $2k.
- Rent. In Laredo, TX, renting leads by $20k.
- Renting wins by $36k in Irving, TX.