Rent vs buy in Sunrise, FL
In Sunrise, Florida, the typical rent is $2,447 /mo and the typical home is $360,778.
Over 7 years, buying saves $69k
Using 20% down and today's mortgage rate, this result reflects Sunrise's usual rent and property value. Break-even happens in year 3.
Clearly labeled opinion, with the math shown. These figures are estimates, not quotes. The stamp changes when you change a number.
- Owning leads by
- $69k after 7 years
- Break-even point
- Year 3 when owning catches up
- Full cost of owning
- Each month: $3,239 year 1, against $2,447 rent
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Is buying or renting cheaper in Sunrise?
Over 7 years, buying costs $68,674 less, including the money you get back when you sell. In year 3, owning's net cost falls below renting's and remains lower.
Renting Owning Net cost so far, listed by year.
Sunrise average rent vs mortgage payment
Rent and mortgage don't tell the whole story. Here's every monthly cost for year 1 at Sunrise's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,447 | All of it, every month |
| Mortgage payment | $1,967 | $1,734 of it is interest in year 1 |
| Property tax | $228 | 0.76% of the value a year |
| Insurance | $239 | Census median for the city |
| Upkeep | $301 | 1% of the value a year |
| Owning, cash out | $2,735 | $233 of it builds equity |
| Lost return on the down payment | $586 | The yearly return on that cash, at 8.3% |
| Buying costs, spread out | $150 | 3.5% of the price over 7 years |
| True cost of owning | $3,239 | Subtract the equity portion from cash out, then add both lines listed above. |
The figures behind Sunrise's verdict
- Typical home valueZillow ZHVI, September 2026
- $360,778
- Typical rentZillow ZORI, September 2026
- $2,447 /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, Sunrise
- 0.76% of value
- Home insuranceCensus ACS 2020-2024, Sunrise
- $239 /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 reverse the result in Sunrise?
Each line marks where the 7-year verdict for Sunrise changes, while all other factors stay the same.
Renting has the advantage when
- Home price growth stays under 3.0% a year (our figures use Florida's long-run rate of 5.4%).
- The mortgage rate remains above 10.58%.
- For a home like this, monthly rent is less than $1,710 (typical here: $2,447).
- Before year 3, you move.
When buying comes out ahead
- Home prices rise by more than 3.0% a year.
- Your locked mortgage rate is under 10.58%; today it's 7.24%.
- If you rented the same home, it would cost more than $1,710 a month.
- Your stay lasts at least 3 years.
How Sunrise compares with 812 other cities
| Measure | Sunrise | Median city |
|---|---|---|
| Typical home value | $360,778 | $422,451 |
| Typical rent | $2,447 /mo | $1,837 /mo |
| Price-to-rent ratio | 12.3 (#754 of 813) | 18.5 |
| Home prices, last 10 years | 7% a year | 6.2% a year |
| Rents, last 5 years | 4.5% a year | 4% a year |
| Property tax | 0.76% | 0.87% |
| Households that rent | 31% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More Florida cities
- Buying wins by $27k in Jacksonville, FL.
- For Miami, FL, buying comes out ahead by $27k.
- For Tampa, FL, buying comes out ahead by $19k.
- For Orlando, FL, buying comes out ahead by $17k.
- For St. Petersburg, FL, buying comes out ahead by $41k.
- For Port St. Lucie, FL, buying comes out ahead by $48k.
- For Hialeah, FL, buying comes out ahead by $37k.
- For Cape Coral, FL, buying comes out ahead by $36k.
- For Tallahassee, FL, buying comes out ahead by $11k.
- For Fort Lauderdale, FL, buying comes out ahead by $25k.
- For Pembroke Pines, FL, buying comes out ahead by $22k.
- For Hollywood, FL, buying comes out ahead by $17k.