Rent vs buy calculator — Arizona
Phoenix-area and other Arizona markets see active SFR and build-to-rent interest. Default rent inputs reflect statewide HUD FMR estimates—seasonal demand and utility costs can matter, so adjust to what you expect. Same math as the national Rent vs buy calculator; numbers are educational—not lender instructions.
Frequently asked questions
- How does this rent vs buy calculator find break-even?
- It compares cumulative renting cost to cumulative owning cost net of equity (principal paydown plus appreciation). Break-even is the first year owning costs less than renting.
- Does this include opportunity cost of the down payment?
- Yes. The rent path includes foregone investment returns by compounding the down payment at your chosen investment return assumption.
- Can I save rent vs buy scenarios?
- This calculator does not save your session. Use a free Veld account to save assumptions, compare scenarios, and track your property decisions over time.
- How should I evaluate rent vs buy in Arizona?
- Use local rent near about $1,400/month, purchase levels around $470,200 median home prices, and realistic mortgage assumptions. Break-even timing changes quickly when appreciation, rent growth, and opportunity cost assumptions shift.
Real estate investing in Arizona
Real estate investing in Arizona
HOA fees and short-term rental restrictions are common in many Arizona communities. If your deal has an HOA or STR limits, your real net will differ from a plain rent estimate.
- Typical 2BR rent
- ~$1,400/mo
- Effective property tax
- ~0.43% of home value
- State income tax
- 2.5% flat
- Median home price
- ~$470,200
Rent: HUD FMR 2025 · Property tax: Tax Foundation 2022 · Adjust all calculator inputs to match your specific deal.
Other calculators for Arizona: BRRRR Calculator · STR vs LTR Calculator. All calculators · Investment property calculator