Rent vs buy calculator · England
Rent vs buy in Boston: is it cheaper to rent or buy?
Buying leaves you £35,614 better off after 7 years. Owning a 2-bed terraced house costs about £971 a month, against £935 to rent the same size home.
- After 7 years
- Buy +£35,614
- Difference in net wealth
- Monthly cost to own
- £971
- Mortgage £670, of which £202 is capital
- Monthly cost to rent
- £935
- Rent £764 plus council tax
- Median price
- £130,000
- terraced house
- Cash needed to buy
- £13,000
- £13,000 deposit + £0 SDLT
- Price-to-rent ratio
- 14.2
- Price divided by a year of rent
Renting vs buying in Boston by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £90,000 | £605 | −£45 | Buy £32,769 |
| 2 bed | £130,000 | £764 | +£36 | Buy £35,614 |
| 3 bed | £165,000 | £923 | +£86 | Buy £40,415 |
| 4+ bed | £259,950 | £1,283 | +£295 | Buy £45,693 |
Average rent and house prices in Boston
The ONS average private rent in Boston is £806 a month (Aug 2026, provisional), up 2.1% on a year earlier. The median price paid is £207,500 (ONS median price paid, year ending Mar 2026).
Default scenario: 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%. Council tax is £2,052 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Boston: FAQs
Is it cheaper to rent or buy in Boston?
For a 2-bed home in Boston, owning costs about £971 a month and renting about £935, both including council tax. Buying leaves you £35,614 better off after 7 years. This assumes a 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%.
What is the average rent in Boston?
The ONS average private rent in Boston is £806 a month across all home sizes (Aug 2026, provisional), with £605 for 1 bed, £764 for 2 bed, £923 for 3 bed, £1,283 for 4 or more bed. Rents rose 2.1% over the past year.
What is the average house price in Boston?
The median price paid in Boston is £207,500 (ONS median price paid, year ending Mar 2026). The calculator uses £130,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Boston?
A first-time buyer paying £130,000 would pay £0 in SDLT. With a 10% deposit of £13,000, the cash needed on day one is about £13,000.
What is the price-to-rent ratio in Boston?
About 14.2: the 2-bed price is 14.2 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Boston?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £45,693 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.