Rent vs buy in Beaverton, OR

In Beaverton, Oregon, the typical rent is $1,871 /mo and the typical home is $520,242.

Rent

Over 7 years, renting comes out ahead by $65k

Today's mortgage rate and a 20% down payment are used with Beaverton's typical rent and home value. The break-even point is year 18.

Our view is clearly labeled, and the math is shown. These figures are estimates, not quotes. The stamp updates whenever you change a number.

Renting leads by: $65k
Break-even point: 18th year
Owning's true cost: $4,506 each month

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Is renting or buying cheaper in Beaverton?

Over 7 years, renting costs $65,360 less after counting the money returned when you sell. For the first 17 years, renting is the cheaper choice. In year 18, owning catches up.

Rent. Own. Net cost so far for each year.

Average rent compared with mortgage payment in Beaverton

At Beaverton's typical price, here are all the monthly costs you would face in year 1, including rent and the mortgage.

Each month, year 1	Amount	What it is
Rent	$1,871	All of it, every month
Mortgage payment	$2,836	$2,500 of it is interest in year 1
Property tax	$434	1% of the value a year
Insurance	$77	Census median for the city
Upkeep	$434	1% of the value a year
Owning, cash out	$3,780	$336 of it builds equity
Lost return on the down payment	$846	The cash would earn 8.3% each year
Buying costs, spread out	$217	3.5% of the price over 7 years
True cost of owning	$4,506	Cash out, take out the equity part, add the two lines above

The numbers behind Beaverton's verdict

Typical home valueZillow ZHVI, September 2026: $520,242
Typical rentZillow ZORI, September 2026: $1,871 /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, Oregon, 1995 to 2025: 4.9% 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, Beaverton: 1% of value
Home insuranceCensus ACS 2020-2024, Beaverton: $77 /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 would flip the Beaverton result?

Each line shows the point where the 7-year verdict for Beaverton turns, with everything else left as it is.

Renting comes out ahead if

Home prices grow by less than 6.4% each year; for this calculation, we use Oregon's long-run rate of 4.9%.
The mortgage rate remains above 5.00%.
A home like this has a monthly rent of less than $2,570 (typical here: $1,871).
Your move comes before year 18.

Buying comes out ahead when

Home prices rise by more than 6.4% a year.
A mortgage rate under 5.00% is what you lock in (today's is 7.24%).
If you rented the same home, you would pay more than $2,570 a month.
Your stay lasts 18 years or longer.

Beaverton compared with the other 812 cities

Measure	Beaverton	Median city
Typical home value	$520,242	$422,451
Typical rent	$1,871 /mo	$1,837 /mo
Price-to-rent ratio	23.2 (#203 of 813)	18.5
Home prices, last 10 years	4.6% a year	6.2% a year
Rents, last 5 years	2.1% a year	4% a year
Property tax	1%	0.87%
Households that rent	49%	42%

Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.

More cities in Oregon

Rent. Portland, OR. Renting saves $82k.
Rent. Hillsboro, OR. Renting saves $44k.
Rent. Corvallis, OR. Renting saves $93k.
Rent. Tigard, OR. Renting saves $102k.

See Oregon's rent vs buy figures