Under your rent
48
$455,000
$451/sqft
3 bd · 2 ba · 1,008 sqft
502 Hutcheson Avenue
Salmo · Single Family
~$2,157/mo
Listed by Royal LePage Rosling RealtyMLS® 10403451
Rent vs own
What your rent could own in Salmo.
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
- $399,900
- Homes at or under it
- 16
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 16 homes listed at or under it in Salmo.
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
- $399,900
- Homes at or under it
- 16
Source: Current MLS® listings.
What each rent buys
In Salmo, a $2,500 rent carries the mortgage on a home priced around $527,000. That clears Salmo's $399,900 median home price. 16 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Salmo homes around a $2,500 rent
16 active listings
Under your rent
13
$225,000
Lot B 3 Highway
Salmo · Vacant Land
~$1,066/mo
Listed by Coldwell Banker Executives RealtyMLS® 10359742
Under your rent
36
$400,000
$382/sqft
2 bd · 1 ba · 1,047 sqft
514 Davies Avenue
Salmo · Single Family
~$1,896/mo
Listed by Coldwell Banker Executives RealtyMLS® 10402583
Under your rent
62
$375,000
$441/sqft
2 bd · 1 ba · 850 sqft
124 SAYWARD Avenue
Salmo · Single Family
~$1,777/mo
Listed by Royal LePage Rosling RealtyMLS® 10393692
Under your rent
21
$289,900
$272/sqft
2 bd · 2 ba · 1,064 sqft
#7, 916 Airport Road
Salmo · Single Family
~$1,374/mo
Listed by Oakwyn Realty Ltd.MLS® 10392851
Under your rent
35
$189,000
$124/sqft
2 bd · 1 ba · 1,519 sqft
1427 Airport Road
Salmo · Single Family
~$896/mo
Listed by RE/MAX All Pro RealtyMLS® 10400712
Under your rent
45
$495,000
$183/sqft
2,700 sqft
313 Railway Avenue
Salmo · Other
~$2,346/mo
Listed by Royal LePage Rosling RealtyMLS® 10389591
Under your rent
64
$419,900
$236/sqft
3 bd · 2 ba · 1,776 sqft
115 Second Street
Salmo · Single Family
~$1,990/mo
Listed by Bennett Family Real EstateMLS® 10398188
Under your rent
11
$99,000
Parcel F RAILWAY Avenue
Salmo · Vacant Land
~$469/mo
Listed by Oakwyn Realty Ltd.MLS® 10398189
Under your rent
15
$299,000
Airport Road
Salmo · Vacant Land
~$1,417/mo
Listed by Royal LePage Rosling RealtyMLS® 10391609
Under your rent
9
$99,900
113 Motel Avenue
Salmo · Vacant Land
~$474/mo
Listed by Royal LePage Rosling RealtyMLS® 10391612
Under your rent
2
$399,000
$200/sqft
2,000 sqft
112 Fourth Street
Salmo · Other
~$1,891/mo
Listed by Oakwyn Realty Ltd.MLS® 10390098
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 Salmo
Listings and market data for Salmo.
Nearby cities
Compare Salmo 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.