Walla Walla, WA

Rent vs buy in Walla Walla

Median home $375,600. A 1 bedrooms rents for $1,203 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $1,203; per month
Own the median home: $2,525; P&I, tax, insurance, upkeep
Owning costs extra: $1,322; per month, same metro

What a purchase actually costs

20% down payment$75,120
Mortgage at 6.5%$1,899
Property tax (0.90% of value)$282/mo · $3,380/yr
Insurance and upkeep (1.1%/yr)$344
Total monthly ownership$2,525

Months of leftover to save the down payment

At $2,066 left over a month, it takes about 37 months (3.1 years) to save $75,120 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.