Rent vs buy in Revere, MA
In Revere, Massachusetts, the typical rent is $2,764 /mo and the typical home is $609,383.
Over 7 years, renting comes out ahead by $16k
It assumes Revere's typical rent and home price, with a 20% down payment and today's mortgage rate. The break-even point is year 9.
A clearly marked opinion, with the math shown. What you see are estimates, not quotes. Adjust one number and the stamp adjusts too.
- Renting is ahead by
- $16k after 7 years
- The break-even point
- The 9th year when owning catches up
- What owning really costs
- $5,320 per month year 1, against $2,764 rent
Change my numbers
The stamp is built from Revere's typical rent and home value. Different numbers for rent, price or years can flip the result.
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Put in the rent, price and down payment you want. The stamp changes with those numbers.
In Revere, is renting or buying cheaper?
Counting the money you get back when you sell, renting costs $16,025 less over 7 years. For the first 8 years, renting is the cheaper choice. In year 9, owning catches up.
Renting side Ownership Net cost to date, year by year.
Average rent compared with the mortgage payment in Revere
Rent and mortgage payments don't tell the whole story. Here are all the monthly costs for year 1, at Revere's typical home price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,764 | All of it, every month |
| Mortgage payment | $3,322 | $2,928 of it is interest in year 1 |
| Property tax | $477 | 0.94% of the value a year |
| Insurance | $162 | Census median for the city |
| Upkeep | $508 | 1% of the value a year |
| Owning, cash out | $4,470 | $394 of it builds equity |
| Lost return on the down payment | $991 | What the cash would earn in a year at 8.3% |
| Buying costs, spread out | $254 | 3.5% of the price over 7 years |
| True cost of owning | $5,320 | Cash out, less the equity part, plus two lines listed above. |
The Revere numbers behind the verdict
- Typical home valueZillow ZHVI, September 2026
- $609,383
- Typical rentZillow ZORI, September 2026
- $2,764 /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, Massachusetts, 1995 to 2025
- 5.1% 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, Revere
- 0.94% of value
- Home insuranceCensus ACS 2020-2024, Revere
- $162 /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 change the Revere result?
Every line marks the point where Revere's 7-year verdict changes, with every other input left alone.
Renting is ahead when
- Prices for homes rise by less than 5.4% each year (Massachusetts's long-run rate is 5.1%, and that's the figure we use).
- The mortgage rate holds above 6.77%.
- For a home like this, monthly rent comes to less than $2,940 (typical rent here: $2,764).
- You move out before year 9.
Buying is ahead when
- Home prices rise by more than 5.4% a year.
- You lock in a rate under 6.77% on a mortgage (today's is 7.24%).
- That same home would cost more than $2,940 a month to rent.
- You stay for 9 years or more.
Revere compared with the other 812 cities
| Measure | Revere | Median city |
|---|---|---|
| Typical home value | $609,383 | $422,451 |
| Typical rent | $2,764 /mo | $1,837 /mo |
| Price-to-rent ratio | 18.4 (#414 of 813) | 18.5 |
| Home prices, last 10 years | 5.9% a year | 6.2% a year |
| Rents, last 5 years | 4.6% a year | 4% a year |
| Property tax | 0.94% | 0.87% |
| Households that rent | 54% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Massachusetts
- Rent wins by $10k. Boston, MA.
- Rent wins by $8k. Worcester, MA.
- Buy. In Springfield, MA, buying comes out ahead by $18k.
- Rent wins by $83k. Cambridge, MA.
- Rent wins by $9k. Lowell, MA.
- Rent wins by $19k. Brockton, MA.
- Rent wins by $45k. Lynn, MA.
- Rent wins by $51k. Quincy, MA.
- Rent wins by $40k. New Bedford, MA.
- Rent wins by $29k. Fall River, MA.
- Rent wins by $317k. Newton, MA.
- Toss-up, renting ahead by $2k. Lawrence, MA.