Rent vs Buy Calculator
Compare the financial impact of renting vs buying a home in Armenia
Currency
AMD
50K1.0M
AMD
5.0M500.0M
AMD
20%
10%90%
%
5%20%
years
1 yr30 yr
%
0%15%
%
0%20%
%
0%20%
years
1 yr30 yr
Recommendation
Buying is better
over 10 years
You save by buying
֏14,660,785
Net Worth if Renting
֏25,725,469
Net Worth if Buying
֏40,386,253
Total Rent Paid
֏30,186,942
Total Cost of Buying
֏37,694,769
Breakeven Point
Buying becomes better after 1 years
Rental Market
Average monthly rent in Yerevan ranges from 150,000-400,000 AMD for apartments, with annual increases of 3-8%
Property Appreciation
Armenian real estate has historically appreciated 5-10% annually in Yerevan, though rates vary by district and property type
Hidden Costs of Ownership
Property ownership in Armenia includes additional costs: 0.2% property tax, ~1% annual maintenance, notary fees (1-2%), and insurance
Plan your mortgage payments
Mortgage Calculator