Under your rent
44
$479,500
$300/sqft
3 bd · 2 ba · 1,597 sqft
#3, 3804 32 Avenue
Vernon · Single Family
~$2,273/mo
Listed by RE/MAX VernonMLS® 10400957
Rent vs own
What your rent could own in Vernon.
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
- $595,000
- Homes at or under it
- 356
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 356 homes listed at or under it in Vernon.
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
- $595,000
- Homes at or under it
- 356
Source: Current MLS® listings.
What each rent buys
In Vernon, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $68,000 under Vernon's $595,000 median home price. 356 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Vernon homes around a $2,500 rent
356 active listings
Under your rent
42
$524,900
$374/sqft
3 bd · 3 ba · 1,402 sqft
#7, 4209 25 Street
Vernon · Single Family
~$2,488/mo
Listed by RE/MAX VernonMLS® 10403268
Under your rent
44
$399,900
$457/sqft
1 bd · 1 ba · 875 sqft
2213 33 Street
Vernon · Single Family
~$1,895/mo
Listed by eXp Realty (Kelowna)MLS® 10402994
Under your rent
28
$209,000
$216/sqft
2 bd · 2 ba · 968 sqft
#79, 5484 25 Avenue
Vernon · Single Family
~$991/mo
Listed by O'Keefe 3 Percent Realty Inc.MLS® 10402831
Under your rent
40
$359,000
$769/sqft
0 bd · 1 ba · 467 sqft
#368, 155 Silver Lode Lane
Vernon · Single Family
~$1,702/mo
Listed by RE/MAX PriscillaMLS® 10401260
Under your rent
36
$385,000
$277/sqft
2 bd · 2 ba · 1,388 sqft
#87, 6688 Tronson Road
Vernon · Single Family
~$1,825/mo
Listed by Sotheby's International Realty CanadaMLS® 10402178
Under your rent
26
$425,000
$565/sqft
1 bd · 1 ba · 752 sqft
834 Udell Road
Vernon · Single Family
~$2,014/mo
Listed by Coldwell Banker Executives RealtyMLS® 10401914
Under your rent
49
$479,900
$441/sqft
2 bd · 2 ba · 1,087 sqft
#3, 2200 40 Avenue
Vernon · Single Family
~$2,275/mo
Listed by RE/MAX VernonMLS® 10401390
Under your rent
35
$449,900
$435/sqft
2 bd · 2 ba · 1,035 sqft
#15, 3508 24th Avenue
Vernon · Single Family
~$2,132/mo
Listed by REMAX KelownaMLS® 10397390
Under your rent
18
$298,000
$257/sqft
2 bd · 2 ba · 1,160 sqft
#112, 3805 30 Avenue
Vernon · Single Family
~$1,412/mo
Listed by RE/MAX VernonMLS® 10396309
Under your rent
10
$289,000
138 Crown Crescent
Vernon · Vacant Land
~$1,370/mo
Listed by Coldwell Banker Executives RealtyMLS® 10390551
Under your rent
57
$229,000
$574/sqft
0 bd · 1 ba · 399 sqft
#126, 105 Village Centre Court
Vernon · Single Family
~$1,085/mo
Listed by Rockridge Real Estate CompanyMLS® 10386238
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 Vernon
Listings and market data for Vernon.
Nearby cities
Compare Vernon 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.