Calculate Whether to Rent or Buy in Las Vegas
Compare the financial benefits of renting vs buying a home in Las Vegas
Should You Rent or Buy a Home in Las Vegas?
Deciding whether to rent or buy in Las Vegas depends on monthly costs, down payment availability, interest rates, time period, and long-term financial goals. Use this calculator to compare total costs, equity building, and net ownership benefits to make an informed decision about your Las Vegas housing choice.
Comparison Inputs
$
$
$80,000
Monthly Costs
Renting
$2,000
Buying
$2,714
Total Costs Over 5 Years
Renting Total: $127,419
Buying Total: $242,857
Home Value After 5 Years: $463,710
Equity Built: $143,710
Financial Comparison
Buying is more cost-effective by:
$28,272
Over 5 years, buying builds equity while renting provides no return.
Benefits of Buying
- Build equity over time
- Tax deductions for mortgage interest
- Fixed monthly payment (with fixed-rate mortgage)
- Property appreciation potential
- Freedom to customize and improve
Benefits of Renting
- Lower upfront costs
- No maintenance responsibilities
- More flexibility to relocate
- No property taxes or HOA fees
- Predictable monthly costs
Ready to Make a Decision?
I can help you analyze your specific situation and determine if buying or renting is right for you