Under your rent
38
$259,900
$170/sqft
3 bd · 3 ba · 1,530 sqft
#22, 5432 Chidley Road
Peachland · Single Family
~$1,232/mo
Listed by REMAX KelownaMLS® 10402913
Rent vs own
What your rent could own in Peachland.
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
- $899,000
- Homes at or under it
- 25
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 25 homes listed at or under it in Peachland.
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
- $899,000
- Homes at or under it
- 25
Source: Current MLS® listings.
What each rent buys
In Peachland, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $372,000 under Peachland's $899,000 median home price. 25 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Peachland homes around a $2,500 rent
25 active listings
Under your rent
22
$479,900
$387/sqft
2 bd · 2 ba · 1,241 sqft
#204, 4450 Ponderosa Drive
Peachland · Single Family
~$2,275/mo
Listed by REMAX KelownaMLS® 10398969
Under your rent
10
$339,000
3993 Ponderosa Place
Peachland · Vacant Land
~$1,607/mo
Listed by Canada Flex Realty GroupMLS® 10372296
Under your rent
48
$425,000
$312/sqft
2 bd · 2 ba · 1,361 sqft
#109, 5970 Princess Street
Peachland · Single Family
~$2,014/mo
Listed by REMAX KelownaMLS® 10398823
Under your rent
41
$250,000
$463/sqft
2 bd · 1 ba · 540 sqft
#39, 4835 Paradise Valley Drive
Peachland · Recreational
~$1,185/mo
Listed by eXp Realty (Kelowna)MLS® 10402420
Under your rent
20
$409,900
6473 Renfrew Road
Peachland · Vacant Land
~$1,943/mo
Listed by LPT Realty ULCMLS® 10392300
Under your rent
50
$206,900
$160/sqft
2 bd · 1 ba · 1,294 sqft
#12, 5371 Princeton Avenue
Peachland · Single Family
~$981/mo
Listed by RE/MAX City RealtyMLS® 10399179
Under your rent
40
$469,500
$404/sqft
2 bd · 2 ba · 1,162 sqft
#106, 4630A Ponderosa Drive
Peachland · Single Family
~$2,225/mo
Listed by Royal LePage KelownaMLS® 10402083
Under your rent
35
$299,000
$323/sqft
2 bd · 1 ba · 927 sqft
#11, 6663 Highway 97 S Other
Peachland · Single Family
~$1,417/mo
Listed by Royal LePage KelownaMLS® 10381779
Under your rent
26
$254,900
$221/sqft
3 bd · 2 ba · 1,152 sqft
#24, 5371 Princeton Avenue
Peachland · Single Family
~$1,208/mo
Listed by Coldwell Banker Executives RealtyMLS® 10375551
Under your rent
35
$194,500
$189/sqft
2 bd · 1 ba · 1,031 sqft
#6, 6711 Highway 97 Other
Peachland · Single Family
~$922/mo
Listed by Coldwell Banker Horizon RealtyMLS® 10401963
Under your rent
7
$359,900
4258 4th Avenue
Peachland · Vacant Land
~$1,706/mo
Listed by Team 3000 Realty LtdMLS® 10388755
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 Peachland
Listings and market data for Peachland.
Nearby cities
Compare Peachland 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.