Rent vs buy calculator · Northern Ireland
Rent vs buy in Mid Ulster: is it cheaper to rent or buy?
Renting leaves you £6,102 better off after 7 years. Owning a 2-bed all property types costs about £1,192 a month, against £666 to rent the same size home.
- After 7 years
- Rent +£6,102
- Difference in net wealth
- Monthly cost to own
- £1,192
- Mortgage £1,008, of which £304 is capital
- Monthly cost to rent
- £666
- Rent £666 plus council tax
- Median price
- £195,453
- all property types
- Cash needed to buy
- £19,545
- £19,545 deposit + £0 SDLT
- Price-to-rent ratio
- 24.5
- Price divided by a year of rent
Renting vs buying in Mid Ulster by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £195,453 | £523 | +£669 | Rent £22,367 |
| 2 bed | £195,453 | £666 | +£526 | Rent £6,102 |
| 3 bed | £195,453 | £784 | +£408 | Buy £7,386 |
| 4+ bed | £195,453 | £1,044 | +£148 | Buy £37,292 |
Average rent and house prices in Mid Ulster
The ONS average private rent in Mid Ulster is £764 a month (Jun 2026), up 1.5% on a year earlier. The median price paid is £195,453 (UK HPI local authority average, Jul 2026). Rents here are published for the Lough Neagh Lower BRMA Broad Rental Market Area.
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 £0 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Mid Ulster: FAQs
Is it cheaper to rent or buy in Mid Ulster?
For a 2-bed home in Mid Ulster, owning costs about £1,192 a month and renting about £666, both including council tax. Renting leaves you £6,102 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 Mid Ulster?
The ONS average private rent in Mid Ulster is £764 a month across all home sizes (Jun 2026), with £523 for 1 bed, £666 for 2 bed, £784 for 3 bed, £1,044 for 4 or more bed. Rents rose 1.5% over the past year.
What is the average house price in Mid Ulster?
The median price paid in Mid Ulster is £195,453 (UK HPI local authority average, Jul 2026). The calculator uses £195,453 for a all property types, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Mid Ulster?
A first-time buyer paying £195,453 would pay £0 in SDLT. With a 10% deposit of £19,545, the cash needed on day one is about £19,545.
What is the price-to-rent ratio in Mid Ulster?
About 24.5: the 2-bed price is 24.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Mid Ulster?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £37,292 after 7 years.
Areas with a similar price-to-rent ratio
Compare with the Northern Ireland average or browse every local authority.