Rent vs buy in Weymouth Town, MA
In Weymouth Town, Massachusetts, the typical rent is $2,553 /mo and the typical home $616,856.
Over 7 years, renting wins by $37k
Using 20% down and today's mortgage rate, based on Weymouth Town's typical home value and rent. The break-even point comes in year 11.
An opinion, clearly labelled, with the math shown. These are estimates, not quotes. The stamp shifts whenever you change a number.
- Renting leads by
- $37k after 7 years
- Break-even point
- Year 11 when owning catches up
- What owning really costs
- $5,358 /mo year 1, against $2,553 rent
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Is renting or buying cheaper in Weymouth Town?
Count in the money that comes back to you when you sell, and renting is cheaper by $36,984 over 7 years. For the first 10 years, renting costs less. By year 11, owning catches up.
Renting Owning Net cost to date, by year.
Average rent compared with mortgage payment in Weymouth Town
Rent and mortgage payments tell only part of the story. At Weymouth Town's typical price, here are all the monthly costs in year 1.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,553 | All of it, every month |
| Mortgage payment | $3,363 | $2,964 of it is interest in year 1 |
| Property tax | $499 | 0.97% of the value a year |
| Insurance | $121 | Census median for the city |
| Upkeep | $514 | 1% of the value a year |
| Owning, cash out | $4,497 | $399 of it builds equity |
| Lost return on the down payment | $1,003 | The cash would earn 8.3% each year. |
| Buying costs, spread out | $257 | 3.5% of the price over 7 years |
| True cost of owning | $5,358 | Cash out, minus the equity part, and add the two lines above |
The Weymouth Town verdict, in numbers
- Typical home valueZillow ZHVI, September 2026
- $616,856
- Typical rentZillow ZORI, September 2026
- $2,553 /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, Weymouth Town
- 0.97% of value
- Home insuranceCensus ACS 2020-2024, Weymouth Town
- $121 /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 it for Weymouth Town?
Each line marks the point where the Weymouth Town verdict over 7 years flips, with everything else held as it is.
Renting wins if
- Home prices grow by less than 5.8% a year. Our long-run rate is 5.1%, Massachusetts's rate.
- The mortgage rate holds above 6.18%.
- Less than $2,950 a month covers the rent for a home like this. The typical figure here is $2,553.
- Moving before year 11.
Buying wins if
- Home prices rise by more than 5.8% a year.
- You lock in a mortgage rate under 6.18% (the current rate is 7.24%).
- For the same home, you'd pay more than $2,950 a month in rent.
- You stay for 11 years or more.
Weymouth Town compared with the other 812 cities
| Measure | Weymouth Town | Median city |
|---|---|---|
| Typical home value | $616,856 | $422,451 |
| Typical rent | $2,553 /mo | $1,837 /mo |
| Price-to-rent ratio | 20.1 (#329 of 813) | 18.5 |
| Home prices, last 10 years | 5.5% a year | 6.2% a year |
| Rents, last 5 years | 4.4% a year | 4% a year |
| Property tax | 0.97% | 0.87% |
| Households that rent | 33% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Additional cities in Massachusetts
- Rent. Boston, MA. Renting is ahead by $10k.
- Rent. Worcester, MA. Renting is ahead by $8k.
- Buy. Springfield, MA. Buying is ahead by $18k.
- Rent. Cambridge, MA. Renting is ahead by $83k.
- Rent. Lowell, MA. Renting is ahead by $9k.
- Rent. Brockton, MA. Renting is ahead by $19k.
- Rent. Lynn, MA. Renting is ahead by $45k.
- Rent. Quincy, MA. Renting is ahead by $51k.
- Rent. New Bedford, MA. Renting is ahead by $40k.
- Rent. Fall River, MA. Renting is ahead by $29k.
- Rent. Newton, MA. Renting is ahead by $317k.
- Lawrence, MA. Toss-up, with renting ahead by $2k.