Rent vs buy calculator · England
Rent vs buy in Isle of Wight: is it cheaper to rent or buy?
Buying leaves you £62,862 better off after 7 years. Owning a 2-bed terraced house costs about £1,503 a month, against £1,067 to rent the same size home.
- After 7 years
- Buy +£62,862
- Difference in net wealth
- Monthly cost to own
- £1,503
- Mortgage £1,109, of which £335 is capital
- Monthly cost to rent
- £1,067
- Rent £872 plus council tax
- Median price
- £215,000
- terraced house
- Cash needed to buy
- £21,500
- £21,500 deposit + £0 SDLT
- Price-to-rent ratio
- 20.5
- Price divided by a year of rent
Renting vs buying in Isle of Wight by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £145,000 | £663 | +£226 | Buy £51,052 |
| 2 bed | £215,000 | £872 | +£437 | Buy £62,862 |
| 3 bed | £260,000 | £1,089 | +£489 | Buy £81,491 |
| 4+ bed | £380,000 | £1,515 | +£782 | Buy £105,682 |
Average rent and house prices in Isle of Wight
The ONS average private rent in Isle of Wight is £951 a month (Aug 2026, provisional), up 7.2% on a year earlier. The median price paid is £260,000 (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 £2,334 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Isle of Wight: FAQs
Is it cheaper to rent or buy in Isle of Wight?
For a 2-bed home in Isle of Wight, owning costs about £1,503 a month and renting about £1,067, both including council tax. Buying leaves you £62,862 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 Isle of Wight?
The ONS average private rent in Isle of Wight is £951 a month across all home sizes (Aug 2026, provisional), with £663 for 1 bed, £872 for 2 bed, £1,089 for 3 bed, £1,515 for 4 or more bed. Rents rose 7.2% over the past year.
What is the average house price in Isle of Wight?
The median price paid in Isle of Wight is £260,000 (ONS median price paid, year ending Mar 2026). The calculator uses £215,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Isle of Wight?
A first-time buyer paying £215,000 would pay £0 in SDLT. With a 10% deposit of £21,500, the cash needed on day one is about £21,500.
What is the price-to-rent ratio in Isle of Wight?
About 20.5: the 2-bed price is 20.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Isle of Wight?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £105,682 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.