Under your rent
57
$172,000
$186/sqft
2 bd · 2 ba · 924 sqft
#23, 2930 Brown Road
Salmon Arm · Single Family
~$815/mo
Listed by Century 21 Assurance Realty LtdMLS® 10389804
Rent vs own
What your rent could own in Salmon Arm.
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
- $664,900
- Homes at or under it
- 99
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 99 homes listed at or under it in Salmon Arm.
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
- $664,900
- Homes at or under it
- 99
Source: Current MLS® listings.
What each rent buys
In Salmon Arm, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $137,900 under Salmon Arm's $664,900 median home price. 99 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Salmon Arm homes around a $2,500 rent
99 active listings
Under your rent
58
$249,900
$189/sqft
3 bd · 2 ba · 1,320 sqft
#22, 2930 Brown Road
Salmon Arm · Single Family
~$1,184/mo
Listed by Century 21 Assurance Realty LtdMLS® 10403154
Under your rent
28
$324,900
$273/sqft
2 bd · 2 ba · 1,188 sqft
#24, 4811 10A Avenue
Salmon Arm · Single Family
~$1,540/mo
Listed by Royal LePage Access Real EstateMLS® 10400239
Under your rent
50
$435,000
$328/sqft
2 bd · 2 ba · 1,327 sqft
#106, 330 4th Avenue
Salmon Arm · Single Family
~$2,062/mo
Listed by REMAX ShuswapMLS® 10399579
Under your rent
55
$339,900
$251/sqft
3 bd · 2 ba · 1,352 sqft
#28, 4811 10A Avenue
Salmon Arm · Single Family
~$1,611/mo
Listed by REMAX ShuswapMLS® 10397170
Under your rent
63
$459,000
$334/sqft
3 bd · 2 ba · 1,374 sqft
#15, 51 8 Avenue
Salmon Arm · Single Family
~$2,176/mo
Listed by Royal LePage Access Real EstateMLS® 10393022
Under your rent
30
$429,900
$354/sqft
2 bd · 2 ba · 1,214 sqft
#20, 151 8 Avenue
Salmon Arm · Single Family
~$2,038/mo
Listed by Homelife Salmon Arm Realty.ComMLS® 10403232
Under your rent
38
$329,000
$305/sqft
1 bd · 1 ba · 1,077 sqft
#7, 680 Marine Park Drive
Salmon Arm · Single Family
~$1,559/mo
Listed by REMAX ShuswapMLS® 10391127
Under your rent
37
$289,900
$314/sqft
2 bd · 2 ba · 924 sqft
#13, 5161 63 Avenue
Salmon Arm · Single Family
~$1,374/mo
Listed by REMAX ShuswapMLS® 10394874
Under your rent
61
$289,000
$313/sqft
2 bd · 2 ba · 924 sqft
#23, 5161 63 Avenue
Salmon Arm · Single Family
~$1,370/mo
Listed by Coldwell Banker Executives RealtyMLS® 10391780
Under your rent
9
$499,900
3641 40th Street
Salmon Arm · Vacant Land
~$2,369/mo
Listed by RE/MAX Nyda Realty Inc.MLS® 10402974
Under your rent
34
$449,000
$334/sqft
4 bd · 2 ba · 1,344 sqft
5131 69 Avenue
Salmon Arm · Single Family
~$2,128/mo
Listed by REMAX ShuswapMLS® 10402762
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 Salmon Arm
Listings and market data for Salmon Arm.
Nearby cities
Compare Salmon Arm 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.