Compare renting vs buying a home in District of Columbia over a chosen holding period.
Compares the full cost of renting vs buying over the holding period, net of assumed home appreciation. Taxes, maintenance, insurance and the return on the down payment tilt the result either way.
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Buy cost ≈ payments + down payment − appreciation; rent cost = rent × months
Simplified comparison only.
Maintenance (≈1% of value/year), property tax, insurance, HOA and the investment return on the down payment.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.