Michigan rent vs. buy calculator

The honest break-even — counting what it costs to sell, and what the down payment would have earned if it stayed invested. Both are usually left out, and both favour renting.

Pre-filled with Michigan’s own sourced figures: a $299,900 median home, a 1.19% effective property tax rate, $2,415 average insurance, and 3.23% annual appreciation. Rent is seeded from HUD FY2026 two-bedroom fair market rent, median across 77 FMR areas in Michigan. Change anything that does not match your situation.
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