Rent vs. Buy in Lafayette County, FL
Should you rent or buy in Lafayette County? Here are the numbers.
Median Home Price
$118,600
Median Rent
$853/mo
Price-to-Rent Ratio
11.6x
Homeownership Rate
80.5%
Monthly Cost Comparison
Buying (20% down, 6.5% rate)
Renting
In Lafayette County, buying is approximately $141/mo cheaper than renting (before equity buildup and tax benefits).
About Lafayette County, Florida
Lafayette County in Florida has a median household income of $57,852 and an effective property tax rate of 0.7%. With a price-to-rent ratio of 11.6x, buying is likely more cost-effective for long-term residents.
These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.
Run Your Personalized Analysis for Lafayette County
Enter your specific numbers — home price, rent, income, down payment — and get a Monte Carlo simulation with 10,000 scenarios, NPV breakeven analysis, and tax-adjusted comparison.
Start Free Analysis →