Uprootmap

Santa Rosa, CA

Rent vs buy in Santa Rosa

Median home $779,000. A 1 bedrooms rents for $2,103 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms
$2,103
per month
Own the median home
$5,121
P&I, tax, insurance, upkeep
Owning costs extra
$3,018
per month, same metro

What a purchase actually costs

  • 20% down payment$155,800
  • Mortgage at 6.5%$3,939
  • Property tax (0.72% of value)$467/mo · $5,609/yr
  • Insurance and upkeep (1.1%/yr)$714
  • Total monthly ownership$5,121

Months of leftover to save the down payment

At $1,727 left over a month, it takes about 91 months (7.6 years) to save $155,800 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.