Rent vs buy calculator · Scotland
Rent vs buy in Perth and Kinross: is it cheaper to rent or buy?
Renting leaves you £9,203 better off after 7 years. Owning a 2-bed terraced house costs about £1,293 a month, against £803 to rent the same size home.
- After 7 years
- Rent +£9,203
- Difference in net wealth
- Monthly cost to own
- £1,293
- Mortgage £989, of which £298 is capital
- Monthly cost to rent
- £803
- Rent £679 plus council tax
- Median price
- £191,694
- terraced house
- Cash needed to buy
- £19,503
- £19,169 deposit + £334 LBTT
- Price-to-rent ratio
- 23.5
- Price divided by a year of rent
Renting vs buying in Perth and Kinross by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £124,846 | £511 | +£258 | Close £1,313 |
| 2 bed | £191,694 | £679 | +£490 | Rent £9,203 |
| 3 bed | £241,962 | £899 | +£571 | Rent £6,941 |
| 4+ bed | £390,285 | £1,432 | +£927 | Rent £24,801 |
Average rent and house prices in Perth and Kinross
The ONS average private rent in Perth and Kinross is £739 a month (Aug 2026, provisional), up 0.7% on a year earlier. The median price paid is £229,180 (UK HPI local authority average, Jul 2026). Rents here are published for the Perth and Kinross 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 £1,488 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Perth and Kinross: FAQs
Is it cheaper to rent or buy in Perth and Kinross?
For a 2-bed home in Perth and Kinross, owning costs about £1,293 a month and renting about £803, both including council tax. Renting leaves you £9,203 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 Perth and Kinross?
The ONS average private rent in Perth and Kinross is £739 a month across all home sizes (Aug 2026, provisional), with £511 for 1 bed, £679 for 2 bed, £899 for 3 bed, £1,432 for 4 or more bed. Rents rose 0.7% over the past year.
What is the average house price in Perth and Kinross?
The median price paid in Perth and Kinross is £229,180 (UK HPI local authority average, Jul 2026). The calculator uses £191,694 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Perth and Kinross?
A first-time buyer paying £191,694 would pay £334 in LBTT. With a 10% deposit of £19,169, the cash needed on day one is about £19,503.
What is the price-to-rent ratio in Perth and Kinross?
About 23.5: the 2-bed price is 23.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Perth and Kinross?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £1,313 after 7 years.
Areas with a similar price-to-rent ratio
Compare with the Scotland average or browse every local authority.