Rent vs buy in Moore, OK
In Moore, Oklahoma, typical rent is $1,481 /mo and a typical home costs $219,711.
Over 7 years, buying wins by $8k
Today's mortgage rate and a 20% down payment are combined with Moore's typical rent and home value. Break-even comes in year 6.
A clearly labelled opinion, with the math shown. These are estimates, not quotes. Swap in a different number and the stamp updates.
- Owning is ahead by
- $8k after 7 years
- The break-even point
- in year 6 when owning catches up
- Real cost of owning
- $2,061 per month year 1, against $1,481 rent
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The stamp works from Moore's figures for typical rent and home value. Your own figures for rent, price and years can flip it.
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Is renting or buying cheaper in Moore?
Buy and you spend $7,607 less over 7 years, once the sale money is counted. In year 6, owning's net cost falls below renting's and stays lower.
Renting Owning Net cost to date, by year.
Average rent compared with mortgage payment in Moore
Rent and the mortgage only tell part of the story, so here are all the monthly costs at Moore's typical price in year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,481 | All of it, every month |
| Mortgage payment | $1,198 | $1,056 of it is interest in year 1 |
| Property tax | $194 | 1.06% of the value a year |
| Insurance | $179 | Census median for the city |
| Upkeep | $183 | 1% of the value a year |
| Owning, cash out | $1,754 | $142 of it builds equity |
| Lost return on the down payment | $357 | What that money would earn yearly at 8.3%. |
| Buying costs, spread out | $92 | 3.5% of the price over 7 years |
| True cost of owning | $2,061 | Cash out, minus the equity part, plus both lines above. |
Numbers that drive the Moore verdict
- Typical home valueZillow ZHVI, September 2026
- $219,711
- Typical rentZillow ZORI, September 2026
- $1,481 /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, Oklahoma, 1995 to 2025
- 4% 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, Moore
- 1.06% of value
- Home insuranceCensus ACS 2020-2024, Moore
- $179 /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 Moore verdict?
With everything else unchanged, each line shows where Moore's 7-year verdict changes.
Renting comes out ahead when
- Home prices rise by less than 3.6% each year (our figure: 4%, Oklahoma's long-run rate).
- The rate on the mortgage remains higher than 7.85%.
- For a home like this, rent costs less than $1,400 each month. Here, the typical figure is $1,481.
- Moving before year 6.
Buying comes out ahead in these cases
- Home prices rise by more than 3.6% each year.
- Your locked mortgage rate comes in under 7.85% (today's is 7.24%).
- You'd pay more than $1,400 a month to rent the same home.
- You remain in the home for 6 years or longer.
Moore compared with the other 812 cities
| Measure | Moore | Median city |
|---|---|---|
| Typical home value | $219,711 | $422,451 |
| Typical rent | $1,481 /mo | $1,837 /mo |
| Price-to-rent ratio | 12.4 (#748 of 813) | 18.5 |
| Home prices, last 10 years | 4.9% a year | 6.2% a year |
| Rents, last 5 years | 3.6% a year | 4% a year |
| Property tax | 1.06% | 0.87% |
| Households that rent | 32% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Other Oklahoma cities
- Toss-up. For Oklahoma City, OK, renting leads by $3k, so the result is a toss-up.
- Rent. Renting comes out ahead by $7k in Tulsa, OK.
- Rent. Renting is ahead by $20k in Norman, OK.
- Buy. Enid, OK. Buying is ahead by $22k.
- Rent. Stillwater, OK. Renting is ahead by $27k.