Under your rent
22
$349,000
$426/sqft
2 bd · 1 ba · 820 sqft
#211, 5294 204 St Street
Langley · Apartment/Condo
~$1,654/mo
Listed by Homelife Benchmark Titus RealtyMLS® R3163845
Rent vs own
What your rent could own in Langley.
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
- $959,900
- Homes at or under it
- 279
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 279 homes listed at or under it in Langley.
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
- $959,900
- Homes at or under it
- 279
Source: Current MLS® listings.
What each rent buys
In Langley, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $432,900 under Langley's $959,900 median home price. 279 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Langley homes around a $2,500 rent
279 active listings
Under your rent
11
$429,900
$737/sqft
1 bd · 1 ba · 583 sqft
A513 – 8233 208b Street
Langley · Apartment/Condo
~$2,038/mo
Listed by Royal First RealtyMLS® R3174337
Under your rent
34
$410,000
$379/sqft
2 bd · 2 ba · 1,082 sqft
#406, 5765 Glover Road
Langley · Apartment/Condo
~$1,943/mo
Listed by Dexter RealtyMLS® R3173892
Under your rent
39
$439,000
$358/sqft
2 bd · 2 ba · 1,225 sqft
#205, 5710 201 Street
Langley · Apartment/Condo
~$2,081/mo
Listed by eXp Realty of Canada Inc.MLS® R3162976
Under your rent
17
$360,000
$598/sqft
1 bd · 1 ba · 602 sqft
#302, 20460 Douglas Crescent
Langley · Apartment/Condo
~$1,706/mo
Listed by eXp Realty of Canada Inc.MLS® R3157094
Under your rent
26
$468,000
$586/sqft
1 bd · 2 ba · 799 sqft
#209, 20630 Douglas Crescent
Langley · Apartment/Condo
~$2,218/mo
Listed by Royal LePage - WolstencroftMLS® R3171509
Under your rent
23
$299,000
$284/sqft
2 bd · 1 ba · 1,054 sqft
#58, 3031 200 Street
Langley · Manufactured Home
~$1,417/mo
Listed by eXp RealtyMLS® R3171392
Under your rent
34
$215,000
$259/sqft
2 bd · 2 ba · 830 sqft
#20, 24330 Fraser Highway
Langley · Manufactured Home
~$1,019/mo
Listed by eXp Realty of Canada Inc.MLS® R3155137
Under your rent
23
$499,900
$559/sqft
2 bd · 2 ba · 895 sqft
#301, 20829 77a Avenue
Langley · Apartment/Condo
~$2,369/mo
Listed by 2 Percent Realty West CoastMLS® R3158853
Under your rent
36
$524,900
$446/sqft
3 bd · 2 ba · 1,178 sqft
#35, 5231 204 Street
Langley · Townhouse
~$2,488/mo
Listed by One Percent Realty Ltd.MLS® R3171672
Under your rent
30
$374,900
$281/sqft
2 bd · 2 ba · 1,333 sqft
#197, 27111 0 Avenue
Langley · Manufactured Home
~$1,777/mo
Listed by RE/MAX Aldercenter RealtyMLS® R3172920
Under your rent
39
$389,900
$535/sqft
1 bd · 1 ba · 729 sqft
#416, 20460 Douglas Crescent
Langley · Apartment/Condo
~$1,848/mo
Listed by Royal LePage - WolstencroftMLS® R3171214
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 Langley
Listings and market data for Langley.
Neighbourhoods in Langley
Narrow your search to a specific Langley neighbourhood.
Nearby cities
Compare Langley 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.