Rent vs buy calculator · England
Rent vs buy in North Yorkshire: is it cheaper to rent or buy?
Buying leaves you £8,919 better off after 7 years. Owning a 2-bed terraced house costs about £1,448 a month, against £958 to rent the same size home.
- After 7 years
- Buy +£8,919
- Difference in net wealth
- Monthly cost to own
- £1,448
- Mortgage £1,066, of which £322 is capital
- Monthly cost to rent
- £958
- Rent £769 plus council tax
- Median price
- £206,750
- terraced house
- Cash needed to buy
- £20,675
- £20,675 deposit + £0 SDLT
- Price-to-rent ratio
- 22.4
- Price divided by a year of rent
Renting vs buying in North Yorkshire by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £152,500 | £594 | +£340 | Buy £8,955 |
| 2 bed | £206,750 | £769 | +£490 | Buy £8,919 |
| 3 bed | £250,250 | £941 | +£579 | Buy £13,088 |
| 4+ bed | £412,500 | £1,358 | +£1,134 | Close £6,013 |
Average rent and house prices in North Yorkshire
The ONS average private rent in North Yorkshire is £849 a month (Aug 2026, provisional), up 2.4% on a year earlier. The median price paid is £268,000 (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 £2,262 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in North Yorkshire: FAQs
Is it cheaper to rent or buy in North Yorkshire?
For a 2-bed home in North Yorkshire, owning costs about £1,448 a month and renting about £958, both including council tax. Buying leaves you £8,919 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 North Yorkshire?
The ONS average private rent in North Yorkshire is £849 a month across all home sizes (Aug 2026, provisional), with £594 for 1 bed, £769 for 2 bed, £941 for 3 bed, £1,358 for 4 or more bed. Rents rose 2.4% over the past year.
What is the average house price in North Yorkshire?
The median price paid in North Yorkshire is £268,000 (ONS median price paid, year ending Mar 2026). The calculator uses £206,750 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in North Yorkshire?
A first-time buyer paying £206,750 would pay £0 in SDLT. With a 10% deposit of £20,675, the cash needed on day one is about £20,675.
What is the price-to-rent ratio in North Yorkshire?
About 22.4: the 2-bed price is 22.4 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in North Yorkshire?
On the default assumptions, a 3-bed home gives buying its strongest position: buying ahead by £13,088 after 7 years.
How many years until buying pays off in North Yorkshire?
The lead first changes hands in year 3 on the default settings. Staying longer spreads stamp duty and selling costs over more years.
Areas with a similar price-to-rent ratio
Browse every local authority.