Rent vs buy in Wylie, TX
For Wylie, Texas, typical rent is $1,880 /mo and a typical home is $415,847.
Renting comes out ahead by $54k over 7 years
Using Wylie's typical rent and home value, plus 20% down and today's mortgage rate. You break even in year 20.
An opinion, clearly labelled, with the math shown. These are estimates, not quotes. Change any number, and the stamp updates.
- Rent leads by
- $54k after 7 years
- Break-even point
- Year 20 when owning catches up
- What owning really costs
- $3,936 a month year 1, against $1,880 rent
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Is renting or buying cheaper in Wylie?
Over 7 years, renting costs $54,114 less once you count the money returned to you when you sell. For the first 19 years, renting costs less. In year 20, owning catches up.
Rent. Buy. The net cost to date appears by year.
In Wylie, average rent compared with mortgage payment
Year 1 at Wylie's typical price shows all monthly costs, not just rent and the mortgage.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,880 | All of it, every month |
| Mortgage payment | $2,267 | $1,998 of it is interest in year 1 |
| Property tax | $572 | 1.65% of the value a year |
| Insurance | $170 | Census median for the city |
| Upkeep | $347 | 1% of the value a year |
| Owning, cash out | $3,356 | $269 of it builds equity |
| Lost return on the down payment | $676 | Cash earnings at 8.3% a year |
| Buying costs, spread out | $173 | 3.5% of the price over 7 years |
| True cost of owning | $3,936 | Cash out, with the equity part removed and both lines above added |
The figures behind Wylie's verdict
- Typical home valueZillow ZHVI, September 2026
- $415,847
- Typical rentZillow ZORI, September 2026
- $1,880 /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, Texas, 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, Wylie
- 1.65% of value
- Home insuranceCensus ACS 2020-2024, Wylie
- $170 /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
Which changes would flip the Wylie verdict?
All else remains as it is, and each line shows where Wylie's 7-year verdict changes.
Rent wins when
- Home price growth stays below 6.2% a year (our figure is 4.7%, Texas's rate over the long run).
- The mortgage rate remains higher than 4.92%.
- For a similar home, monthly rent is less than $2,460, while the typical amount here is $1,880.
- Before year 20, you move.
When buying wins
- Home prices rise at more than 6.2% each year.
- You lock in a mortgage rate under 4.92% (today's is 7.24%).
- Monthly rent on that same home would run above $2,460.
- You remain for 20 years or longer.
How Wylie compares with the other 812 cities
| Measure | Wylie | Median city |
|---|---|---|
| Typical home value | $415,847 | $422,451 |
| Typical rent | $1,880 /mo | $1,837 /mo |
| Price-to-rent ratio | 18.4 (#409 of 813) | 18.5 |
| Home prices, last 10 years | 4.7% a year | 6.2% a year |
| Rents, last 5 years | 1.8% a year | 4% a year |
| Property tax | 1.65% | 0.87% |
| Households that rent | 23% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Texas
- Toss-up. Houston, TX. Renting leads by $2k, but it's a toss-up.
- Rent. San Antonio, TX. Renting comes out ahead by $10k.
- Rent. Dallas, TX. Renting comes out ahead by $20k.
- Rent. Fort Worth, TX. Renting comes out ahead by $17k.
- Rent. Austin, TX. Renting comes out ahead by $111k.
- Toss-up. El Paso, TX. Buying leads by $2k, but it's a toss-up.
- Rent. Arlington, TX. Renting comes out ahead by $34k.
- Buy. Corpus Christi, TX. Buying comes out ahead by $4k.
- Rent. Plano, TX. Renting comes out ahead by $105k.
- Toss-up. Lubbock, TX. Buying leads by $2k, but it's a toss-up.
- Rent. Laredo, TX. Renting comes out ahead by $20k.
- Rent. Irving, TX. Rent leads; $36k ahead.