Rent vs buy in Beaumont, CA
In Beaumont, California, the typical rent is $2,880 /mo and the typical home costs $533,704.
Over 7 years, buying comes out ahead by $28k
The calculation applies Beaumont's typical rent and home value, 20% down and today's mortgage rate. The break-even point is year 6.
Clearly marked opinion with the math shown. These are estimates, not quotes. Adjust any number and the stamp changes.
- Owning is ahead by
- $28k after 7 years
- Break-even point
- year 6 when owning catches up
- Actual cost of owning
- $4,753 /mo year 1, against $2,880 rent
Change my numbers
The stamp takes its figures from Beaumont's typical rent and the typical home value. Your rent, price and years can change the result.
Your figures differ from the city's?
Enter a rent amount, price and down payment of your own. Those figures change the stamp.
Is renting or buying cheaper in Beaumont?
If you include the money you receive when selling, buying costs $27,934 less than renting over 7 years. In year 6, owning's net cost falls below renting's and remains lower.
Rent. Own. Net cost by year so far.
How average rent compares with mortgage payments in Beaumont
Rent and mortgage payments don't show the full cost. Here are all monthly costs for year 1 at Beaumont's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,880 | All of it, every month |
| Mortgage payment | $2,910 | $2,565 of it is interest in year 1 |
| Property tax | $556 | 1.25% of the value a year |
| Insurance | $98 | Census median for the city |
| Upkeep | $445 | 1% of the value a year |
| Owning, cash out | $4,008 | $345 of it builds equity |
| Lost return on the down payment | $867 | At 8.3% a year, this is what the cash would earn. |
| Buying costs, spread out | $222 | 3.5% of the price over 7 years |
| True cost of owning | $4,753 | Cash out, minus the equity portion, plus both lines above. |
The figures behind Beaumont's verdict
- Typical home valueZillow ZHVI, September 2026
- $533,704
- Typical rentZillow ZORI, September 2026
- $2,880 /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, Beaumont
- 1.25% of value
- Home insuranceCensus ACS 2020-2024, Beaumont
- $98 /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
What could change the result in Beaumont?
Every line shows where Beaumont's 7-year verdict changes, with everything else unchanged.
Renting wins if
- Prices for homes rise at less than 4.7% each year (we use 5.3%, California's rate over the long run).
- The mortgage rate continues above 8.16%.
- A similar home rents for under $2,580 a month (the local typical rent is $2,880).
- Your move comes before year 6.
When buying comes out ahead
- Home prices rise by more than 4.7% a year.
- A mortgage rate below 8.16% is locked in (today's is 7.24%).
- For the same home, monthly rent would exceed $2,580.
- Your stay lasts 6 years or longer.
How Beaumont compares with the other 812 cities
| Measure | Beaumont | Median city |
|---|---|---|
| Typical home value | $533,704 | $422,451 |
| Typical rent | $2,880 /mo | $1,837 /mo |
| Price-to-rent ratio | 15.4 (#599 of 813) | 18.5 |
| Home prices, last 10 years | 5.9% a year | 6.2% a year |
| Property tax | 1.25% | 0.87% |
| Households that rent | 19% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More California cities
- Rent. Los Angeles, CA. Renting has the edge by $111k.
- Rent. San Diego, CA. Renting has the edge by $108k.
- Rent. San Jose, CA. Renting has the edge by $210k.
- Rent. San Francisco, CA. Renting has the edge by $128k.
- Buy. Fresno, CA. Buying has the edge by $22k.
- Toss-up. Sacramento, CA. The result is close, but renting leads by $3k.
- Rent. Long Beach, CA. Renting comes out $111k ahead.
- Rent. Oakland, CA. Renting has the edge by $44k.
- Buy. Bakersfield, CA. Buying has the edge by $11k.
- Rent. Anaheim, CA. Renting has the edge by $115k.
- Buy. Stockton, CA. Buying has the edge by $16k.
- Rent. Riverside, CA. Renting has the edge by $27k.