Rent vs buy in Vineland, NJ
In Vineland, New Jersey, the typical rent is $1,764 /mo, while a typical home costs $308,068.
Renting comes out ahead by $13k over 7 years
Using Vineland's typical rent and home value, plus a 20% down payment and today's mortgage rate. Break-even point: year 10.
Clearly labelled opinion, with the math shown. These are estimates, not quotes. Change any figure and the stamp updates.
- Renting leads by
- $13k after 7 years
- Break-even point
- In year 10 when owning catches up
- Actual cost of owning
- Per month: $2,991 year 1, against $1,764 rent
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Would you save more by renting or buying in Vineland?
Counting the money you get back from selling, renting costs $13,026 less over 7 years. Renting costs less during the first 9 years. By year 10, owning catches up.
The rent option. Owning costs. Running net cost for each year.
Rent and mortgage payment averages in Vineland
Rent and mortgage payments don't tell the whole story. Here are all monthly costs for year 1, at Vineland's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,764 | All of it, every month |
| Mortgage payment | $1,680 | $1,480 of it is interest in year 1 |
| Property tax | $526 | 2.05% of the value a year |
| Insurance | $98 | Census median for the city |
| Upkeep | $257 | 1% of the value a year |
| Owning, cash out | $2,561 | $199 of it builds equity |
| Lost return on the down payment | $501 | The yearly amount your cash would earn at 8.3% |
| Buying costs, spread out | $128 | 3.5% of the price over 7 years |
| True cost of owning | $2,991 | Subtract the equity part from cash out, then add the two lines above |
Vineland verdict numbers
- Typical home valueZillow ZHVI, September 2026
- $308,068
- Typical rentZillow ZORI, September 2026
- $1,764 /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, New Jersey, 1995 to 2025
- 4.7% 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, Vineland
- 2.05% of value
- Home insuranceCensus ACS 2020-2024, Vineland
- $98 /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 Vineland verdict?
The 7-year verdict in Vineland changes at the point shown on each line, with every other detail unchanged.
Renting wins if
- Home price growth stays below 5.2% a year, using 4.7% based on New Jersey's long-term rate.
- The mortgage rate remains above 6.49%.
- A similar home rents for less than $1,900 each month (the local typical is $1,764).
- Moving before year 10.
Buying wins if
- Home prices rise by more than 5.2% each year.
- You secure a mortgage rate below 6.49%, compared with today's rate of 7.24%.
- That home's monthly rent would be more than $1,900.
- You remain for 10 years or longer.
Vineland compared with the other 812 cities
| Measure | Vineland | Median city |
|---|---|---|
| Typical home value | $308,068 | $422,451 |
| Typical rent | $1,764 /mo | $1,837 /mo |
| Price-to-rent ratio | 14.6 (#649 of 813) | 18.5 |
| Home prices, last 10 years | 6.2% a year | 6.2% a year |
| Property tax | 2.05% | 0.87% |
| Households that rent | 30% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in New Jersey
- Renting. Newark, NJ. The difference is $74k in renting's favor.
- Rent. Jersey City, NJ. Renting comes out ahead by $53k.
- Rent. Paterson, NJ. Renting comes out ahead by $163k.
- Rent. Elizabeth, NJ. Renting comes out ahead by $114k.
- Rent. Trenton, NJ. Renting comes out ahead by $26k.
- Rent. Clifton, NJ. Renting comes out ahead by $106k.
- Rent. Bayonne, NJ. Renting comes out ahead by $122k.
- Rent. East Orange, NJ. Renting comes out ahead by $114k.
- Buy. Camden, NJ. Buying comes out ahead by $77k.
- Rent. Passaic, NJ. Renting comes out ahead by $135k.
- Rent. Union City, NJ. Renting comes out ahead by $98k.
- Renting. Hoboken, NJ. The difference is $57k in renting's favor.