Under your rent
$359,900
Lot 32 Highway 3 Other
Grand Forks · Agriculture
~$1,706/mo
Listed by Royal LePage Little Oak RealtyMLS® 10403219
Rent vs own
What your rent could own in Grand Forks.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $499,000
- Homes at or under it
- 73
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 73 homes listed at or under it in Grand Forks.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- A $2,500 rent carries
- $527,000
- Median asking
- $499,000
- Homes at or under it
- 73
Source: Current MLS® listings.
What each rent buys
In Grand Forks, a $2,500 rent carries the mortgage on a home priced around $527,000. That clears Grand Forks's $499,000 median home price. 73 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Grand Forks homes around a $2,500 rent
73 active listings
Under your rent
40
$419,000
$254/sqft
3 bd · 2 ba · 1,651 sqft
7633 16th Street
Grand Forks · Single Family
~$1,986/mo
Listed by Royal LePage Little Oak RealtyMLS® 10403105
Under your rent
73
$519,000
$410/sqft
2 bd · 1 ba · 1,266 sqft
780 CAMERON Avenue
Grand Forks · Single Family
~$2,460/mo
Listed by Grand Forks Realty LtdMLS® 10391459
Under your rent
18
$499,000
$600/sqft
2 bd · 1 ba · 832 sqft
1905 &1910 SNOWBALL CREEK EAST Road
Grand Forks · Single Family
~$2,365/mo
Listed by Coldwell Banker Executives RealtyMLS® 10403298
Under your rent
16
$329,000
$311/sqft
2 bd · 2 ba · 1,059 sqft
#303, 7140 4th Street
Grand Forks · Single Family
~$1,559/mo
Listed by Grand Forks Realty LtdMLS® 10400655
Under your rent
31
$219,000
$209/sqft
2 bd · 2 ba · 1,049 sqft
#7, 7225 Boundary Drive
Grand Forks · Single Family
~$1,038/mo
Listed by Royal LePage Little Oak RealtyMLS® 10402594
Under your rent
8
$179,900
$301/sqft
1 bd · 1 ba · 597 sqft
#1, 668 75TH Avenue
Grand Forks · Single Family
~$853/mo
Listed by Grand Forks Realty LtdMLS® 10390010
Under your rent
24
$310,000
5925 Danish Road
Grand Forks · Agriculture
~$1,469/mo
Listed by Coldwell Banker Executives RealtyMLS® 10402731
Under your rent
5
$175,000
Lot 2 41 Highway
Grand Forks · Vacant Land
~$829/mo
Listed by Grand Forks Realty LtdMLS® 2475560
Under your rent
42
$449,900
$388/sqft
3 bd · 1 ba · 1,161 sqft
10555 Granby Road
Grand Forks · Single Family
~$2,132/mo
Listed by Grand Forks Realty LtdMLS® 10402357
Under your rent
21
$234,000
12th Street
Grand Forks · Vacant Land
~$1,109/mo
Listed by Grand Forks Realty LtdMLS® 10385758
Under your rent
39
$229,000
12th Street
Grand Forks · Vacant Land
~$1,085/mo
Listed by Grand Forks Realty LtdMLS® 10385756
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
More ways to explore Grand Forks
Listings and market data for Grand Forks.
Nearby cities
Compare Grand Forks with other markets in the region.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.