Rent vs buy in Baldwin Park, CA
For Baldwin Park, California, the typical rent is $2,959 /mo and the typical home is $708,074.
Renting comes out ahead by $7k across 7 years
Today's mortgage rate and 20% down are used with Baldwin Park's typical rent and its home value. The break-even point is year 8.
Clearly labeled opinion, with the math shown. These are estimates, not quotes. The stamp changes when you change a number.
- Renting is ahead by
- $7k after 7 years
- Break-even point
- In year 8 when owning catches up
- Actual ownership cost
- $5,925 each month year 1, against $2,959 rent
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Is renting or buying cheaper in Baldwin Park?
Over 7 years, renting costs $6,694 less, including the money you get back when you sell. For the first 7 years, renting costs less. By year 8, owning has caught up.
Renting. Owning. Net cost by year so far.
Average rent compared with the mortgage payment in Baldwin Park
Year 1 monthly costs at Baldwin Park's typical price go beyond rent and the mortgage. Here are all of them.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,959 | All of it, every month |
| Mortgage payment | $3,860 | $3,403 of it is interest in year 1 |
| Property tax | $419 | 0.71% of the value a year |
| Insurance | $67 | Census median for the city |
| Upkeep | $590 | 1% of the value a year |
| Owning, cash out | $4,936 | $458 of it builds equity |
| Lost return on the down payment | $1,151 | Earnings on the cash at 8.3% a year |
| Buying costs, spread out | $295 | 3.5% of the price over 7 years |
| True cost of owning | $5,925 | Cash out, with the equity part removed and the two lines above added. |
The figures behind the Baldwin Park verdict
- Typical home valueZillow ZHVI, September 2026
- $708,074
- Typical rentZillow ZORI, September 2026
- $2,959 /mo
- Down payment20% avoids private mortgage insurance, which the engine does not model
- 20%
- Mortgage rateFreddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Home price growthFHFA house price index, California, 1995 to 2025
- 5.3% a year
- Rent growthCPI rent of primary residence, yearly growth 2006 to 2026
- 3.5% a year
- Return on savings60% S&P 500 with dividends and 40% 10-year Treasuries, rebalanced yearly, 1928 to 2025
- 8.3% a year
- Property taxCensus ACS 2020-2024, Baldwin Park
- 0.71% of value
- Home insuranceCensus ACS 2020-2024, Baldwin Park
- $67 /mo
- MaintenanceFannie Mae, low end of 1% to 4%
- 1% of value a year
- Buying costsFreddie Mac, middle of 2% to 5%
- 3.5% of price
- Selling costsAgent commission plus closing costs
- 6% of price
Which change would reverse the Baldwin Park result?
The lines show where the 7-year verdict changes for Baldwin Park, while every other factor stays the same.
Conditions for renting to win
- For California's long-run rate, we use 5.3%. Annual home price growth stays below 5.4%.
- The mortgage rate remains above 7.07%.
- A comparable home rents for less than $3,030 each month; the typical monthly rent here is $2,959.
- Before year 8, you move.
Conditions for buying to win
- Annual home price growth exceeds 5.4%.
- A mortgage rate under 7.07% gets locked in; today's rate is 7.24%.
- The monthly rent for the same home would cost more than $3,030.
- Your stay lasts 8 years or longer.
How Baldwin Park compares with the other 812 cities
| Measure | Baldwin Park | Median city |
|---|---|---|
| Typical home value | $708,074 | $422,451 |
| Typical rent | $2,959 /mo | $1,837 /mo |
| Price-to-rent ratio | 19.9 (#336 of 813) | 18.5 |
| Home prices, last 10 years | 6.8% a year | 6.2% a year |
| Property tax | 0.71% | 0.87% |
| Households that rent | 42% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in California
- For Los Angeles, CA, renting wins by $111k.
- For San Diego, CA, renting wins by $108k.
- For San Jose, CA, renting wins by $210k.
- For San Francisco, CA, renting wins by $128k.
- For Fresno, CA, buying wins by $22k.
- For Sacramento, CA, it's a toss-up, with renting ahead by $3k.
- For Long Beach, CA, renting wins by $111k.
- For Oakland, CA, renting wins by $44k.
- For Bakersfield, CA, buying wins by $11k.
- For Anaheim, CA, renting wins by $115k.
- For Stockton, CA, buying wins by $16k.
- For Riverside, CA, renting wins by $27k.