Rent vs buy calculator · England
Rent vs buy in Yorkshire and The Humber: is it cheaper to rent or buy?
Buying leaves you £43,262 better off after 7 years. Owning a 2-bed terraced house costs about £1,172 a month, against £946 to rent the same size home.
- After 7 years
- Buy +£43,262
- Difference in net wealth
- Monthly cost to own
- £1,172
- Mortgage £839, of which £253 is capital
- Monthly cost to rent
- £946
- Rent £769 plus council tax
- Median price
- £162,650
- terraced house
- Cash needed to buy
- £16,265
- £16,265 deposit + £0 SDLT
- Price-to-rent ratio
- 17.6
- Price divided by a year of rent
Renting vs buying in Yorkshire and The Humber by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £135,000 | £614 | +£216 | Buy £32,527 |
| 2 bed | £162,650 | £769 | +£226 | Buy £43,262 |
| 3 bed | £210,000 | £914 | +£365 | Buy £46,947 |
| 4+ bed | £350,000 | £1,323 | +£794 | Buy £53,635 |
Average rent and house prices in Yorkshire and The Humber
The ONS average private rent in Yorkshire and The Humber is £865 a month (Aug 2026, provisional), up 4.9% on a year earlier. The median price paid is £212,000 (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 £2,124 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Yorkshire and The Humber: FAQs
Is it cheaper to rent or buy in Yorkshire and The Humber?
For a 2-bed home in Yorkshire and The Humber, owning costs about £1,172 a month and renting about £946, both including council tax. Buying leaves you £43,262 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 Yorkshire and The Humber?
The ONS average private rent in Yorkshire and The Humber is £865 a month across all home sizes (Aug 2026, provisional), with £614 for 1 bed, £769 for 2 bed, £914 for 3 bed, £1,323 for 4 or more bed. Rents rose 4.9% over the past year.
What is the average house price in Yorkshire and The Humber?
The median price paid in Yorkshire and The Humber is £212,000 (ONS median price paid, year ending Mar 2026). The calculator uses £162,650 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Yorkshire and The Humber?
A first-time buyer paying £162,650 would pay £0 in SDLT. With a 10% deposit of £16,265, the cash needed on day one is about £16,265.
What is the price-to-rent ratio in Yorkshire and The Humber?
About 17.6: the 2-bed price is 17.6 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Yorkshire and The Humber?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £53,635 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.