Under your rent
37
$329,900
~$1,564/mo
i#308 – 3805 30 Avenue
Vernon · Residential
2 bd
2 ba
1,119 sqft
$295/sqft
Built 1994
MLS® 10398553
Oakwyn Realty Okanagan
Rent vs mortgage
$1,800 a month in rent buys a $380,000 home in Vernon
That is what a 1800-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $262,000. Here are the 224 Vernon homes on the market at or under it right now.
Purchase price
$380,000
Down payment
$76,000
All-in monthly
$2,358/mo
Matching homes
224
Vernon homes your $1,800 rent could own
Under your rent
27
$349,900
~$1,658/mo
i#201 – 505 Browne Road
Vernon · Residential
2 bd
1 ba
942 sqft
$371/sqft
Built 1993
MLS® 10380860
Royal LePage Downtown Realty
Under your rent
64
$335,000
~$1,588/mo
i#7 – 4800 Heritage Drive
Vernon · Residential
2 bd
2 ba
1,184 sqft
$283/sqft
Built 1995
MLS® 10397803
Real Broker B.C. Ltd
Under your rent
17
$349,000
~$1,654/mo
i#46 – 9196 Tronson Road
Vernon · Land
MLS® 10398496
RE/MAX Vernon Salt Fowler
Under your rent
23
$289,900
~$1,374/mo
i#211 – 4305 Bellevue Drive
Vernon · Residential
2 bd
2 ba
797 sqft
$364/sqft
Built 1994
MLS® 10387125
Royal LePage Downtown Realty
Under your rent
44
$295,000
~$1,398/mo
i#26 – 12560 Westside Road
Vernon · Residential
2 bd
2 ba
924 sqft
$319/sqft
Built 1997
MLS® 10397653
Canada Flex Realty Group
Under your rent
82
$155,000
~$735/mo
i#14B – 272 Chicopee Road
Vernon · Residential
3 bd
3 ba
1,389 sqft
$112/sqft
Built 2001
MLS® 10374500
Rockridge Real Estate Company
Under your rent
48
$364,900
~$1,730/mo
i#38 – 6688 Tronson Road
Vernon · Residential
3 bd
2 ba
1,428 sqft
$256/sqft
Built 2005
MLS® 10389814
Royal LePage Downtown Realty
Under your rent
15
$349,000
~$1,654/mo
i8940 Hampshire Crescent
Vernon · Land
MLS® 10398508
RE/MAX Vernon
Under your rent
33
$349,900
~$1,658/mo
i#44 – 5300 25 Avenue
Vernon · Residential
3 bd
2 ba
1,190 sqft
$294/sqft
Built 1980
MLS® 10397713
eXp Realty (Kelowna)
Under your rent
38
$349,000
~$1,654/mo
i#118 – 6688 Tronson Road
Vernon · Residential
2 bd
2 ba
924 sqft
$378/sqft
Built 2001
MLS® 10367360
Royal LePage Downtown Realty
Under your rent
$150,000
~$711/mo
i#14A – 272 Chicopee Road
Vernon · Residential
3 bd
3 ba
1,524 sqft
$98/sqft
Built 2001
MLS® 10395352
Coldwell Banker Executives Realty
See all on the map (224 active listings)
Other rents in Vernon
$1,500/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo
The assumptions behind these numbers
Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 5.57 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.
Common questions
What can $1,800 a month in rent buy in Vernon?
At a 5.19% rate with 20% down over 25 years, $1,800/mo carries the mortgage on a home priced around $380,000. Covering tax, strata and insurance inside the same budget, the matching price is about $262,000.
How much do I need for a down payment?
On a $380,000 home at 20% down, the down payment is $76,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $558/mo in tax, strata and insurance, so the honest all-in monthly on a $380,000 home is closer to $2,358.
RR
How these numbers are worked out
I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.
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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.