Under your rent
35
$399,000
$350/sqft
2 bd · 2 ba · 1,139 sqft
#204, 873 Forestbrook Drive
Penticton · Single Family
~$1,891/mo
Listed by RE/MAX Penticton RealtyMLS® 10388472
Rent vs own
What your rent could own in Penticton.
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
- $648,750
- Homes at or under it
- 178
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 178 homes listed at or under it in Penticton.
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
- $648,750
- Homes at or under it
- 178
Source: Current MLS® listings.
What each rent buys
In Penticton, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $121,750 under Penticton's $648,750 median home price. 178 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Penticton homes around a $2,500 rent
178 active listings
Under your rent
21
$299,000
$264/sqft
2 bd · 2 ba · 1,133 sqft
#204, 133 Winnipeg Street
Penticton · Single Family
~$1,417/mo
Listed by RE/MAX Penticton RealtyMLS® 10401553
Under your rent
42
$475,000
$431/sqft
3 bd · 2 ba · 1,101 sqft
#102, 598 Wade Avenue
Penticton · Single Family
~$2,251/mo
Listed by eXp RealtyMLS® 10398994
Under your rent
24
$329,000
$322/sqft
2 bd · 1 ba · 1,021 sqft
#59, 310 Yorkton Avenue
Penticton · Single Family
~$1,559/mo
Listed by RE/MAX Penticton RealtyMLS® 10403131
Under your rent
46
$399,000
$311/sqft
2 bd · 2 ba · 1,281 sqft
546 Redwing Drive
Penticton · Single Family
~$1,891/mo
Listed by Royal LePage Locations WestMLS® 10403235
Under your rent
36
$285,000
$306/sqft
2 bd · 2 ba · 930 sqft
#805, 225 CLEARVIEW Road
Penticton · Single Family
~$1,351/mo
Listed by Engel & Volkers South OkanaganMLS® 10402819
Under your rent
24
$325,000
$285/sqft
2 bd · 2 ba · 1,141 sqft
#311, 1445 HALIFAX Street
Penticton · Single Family
~$1,540/mo
Listed by eXp RealtyMLS® 10403174
Under your rent
24
$519,000
$467/sqft
3 bd · 2 ba · 1,111 sqft
#102, 497 BRAID Street
Penticton · Single Family
~$2,460/mo
Listed by Chamberlain Property Group Inc.MLS® 10403169
Under your rent
30
$279,900
$310/sqft
2 bd · 1 ba · 904 sqft
#204, 865 Main Street
Penticton · Single Family
~$1,327/mo
Listed by eXp RealtyMLS® 10399825
Under your rent
40
$483,000
$434/sqft
2 bd · 2 ba · 1,114 sqft
#404, 873 FORESTBROOK Drive
Penticton · Single Family
~$2,289/mo
Listed by Chamberlain Property GroupMLS® 10398214
Under your rent
29
$499,900
$476/sqft
2 bd · 1 ba · 1,050 sqft
553 Papineau Street
Penticton · Single Family
~$2,369/mo
Listed by Royal LePage Locations WestMLS® 10397219
Under your rent
29
$300,000
$372/sqft
1 bd · 1 ba · 806 sqft
#108, 329 Rigsby Street
Penticton · Single Family
~$1,422/mo
Listed by Royal LePage Locations WestMLS® 10386513
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 Penticton
Listings and market data for Penticton.
Nearby cities
Compare Penticton 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.