Rent vs buy in Pinellas Park, FL

For Pinellas Park, Florida, the typical rent is $2,077 /mo and the typical home costs $300,743.

Buy

Over 7 years, buying comes out $68k ahead

Using Pinellas Park's typical home value and rent, the estimate assumes a 20% down payment and today's mortgage rate. You reach the break-even point in year 3.

The opinion, clearly labeled, with the math shown uses estimates rather than quotes. Adjust any number, and the stamp changes.

Owning costs less by: $68k
Break-even point: year 3
Actual cost of owning: $2,620 /mo

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The stamp relies on Pinellas Park's usual rent and home value. The result can change with your rent, price, and years.

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In Pinellas Park, does renting or buying cost less?

Across 7 years, buying costs $67,908 less, including the money returned to you when you sell. Owning's net cost falls under renting's during year 3 and stays lower.

Renting Cost of owning. The net cost reached so far, organized by year.

Pinellas Park: average rent compared with mortgage payment

Year 1 includes more than rent and mortgage payments at Pinellas Park's typical price. Here are all monthly costs.

Each month, year 1	Amount	What it is
Rent	$2,077	All of it, every month
Mortgage payment	$1,640	$1,445 of it is interest in year 1
Property tax	$158	0.63% of the value a year
Insurance	$152	Census median for the city
Upkeep	$251	1% of the value a year
Owning, cash out	$2,200	$194 of it builds equity
Lost return on the down payment	$489	What the cash would earn each year at 8.3%
Buying costs, spread out	$125	3.5% of the price over 7 years
True cost of owning	$2,620	Cash paid out, with equity removed and both earlier amounts added.

How Pinellas Park's figures produced the result

Typical home valueZillow ZHVI, September 2026: $300,743
Typical rentZillow ZORI, September 2026: $2,077 /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, Florida, 1995 to 2025: 5.4% 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, Pinellas Park: 0.63% of value
Home insuranceCensus ACS 2020-2024, Pinellas Park: $152 /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

In Pinellas Park, what could change the result?

Every line marks the threshold where the Pinellas Park verdict for 7 years changes. All other factors remain unchanged.

Conditions that favor renting

Our figure is 5.4%, Florida's long-run rate; home prices must grow below 2.6% a year.
The rate for your mortgage must stay above 11.20%.
Monthly rent for a similar home is less than $1,350 (typical here: $2,077).
Before year 3, you make your move.

Conditions that favor buying

Home prices rise faster than 2.6% a year.
A mortgage rate below 11.20% is what you secure (today's is 7.24%).
For the same home, rent would cost you over $1,350 a month.
You remain in the home for 3 years or more.

How Pinellas Park compares with 812 other cities

Measure	Pinellas Park	Median city
Typical home value	$300,743	$422,451
Typical rent	$2,077 /mo	$1,837 /mo
Price-to-rent ratio	12.1 (#757 of 813)	18.5
Home prices, last 10 years	7% a year	6.2% a year
Rents, last 5 years	2.7% a year	4% a year
Property tax	0.63%	0.87%
Households that rent	31%	42%

Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.

More cities in Florida

Buying wins. Jacksonville, FL. It comes out ahead by $27k.
Buying wins. Fort Lauderdale, FL. It comes out ahead by $25k.
Buying wins. Pembroke Pines, FL. It comes out ahead by $22k.

Florida rent vs buy numbers