Rent vs buy in Everett, WA
In Everett, Washington, the typical rent is $1,919 a month and the typical home is $630,664.
Over 7 years, renting comes out $77k ahead
Using 20% down and the current mortgage rate, the figures come from Everett's typical rent and home value. The break-even year is 17.
Clear opinion label, with the math shown. Estimates, not quotes. Adjust any number and the stamp updates.
- Renting is ahead by
- $77k after 7 years
- Break-even point
- 17th year when owning catches up
- Actual cost of owning
- Monthly: $5,325 year 1, against $1,919 rent
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Is it cheaper to rent or buy in Everett?
Over 7 years, renting costs $77,218 less, once you count the money you get back when you sell. For the first 16 years, renting costs less. Buying catches up in year 17.
Rent. Buy. Net cost by year so far.
Average rent compared with mortgage payment in Everett
Rent and the mortgage don't tell the whole story. Here are all monthly costs in year 1, based on Everett's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,919 | All of it, every month |
| Mortgage payment | $3,438 | $3,031 of it is interest in year 1 |
| Property tax | $394 | 0.75% of the value a year |
| Insurance | $87 | Census median for the city |
| Upkeep | $526 | 1% of the value a year |
| Owning, cash out | $4,445 | $408 of it builds equity |
| Lost return on the down payment | $1,025 | What the cash would earn yearly at 8.3% |
| Buying costs, spread out | $263 | 3.5% of the price over 7 years |
| True cost of owning | $5,325 | Take cash out, subtract the equity part and add the two lines above |
The Everett verdict, by the numbers
- Typical home valueZillow ZHVI, September 2026
- $630,664
- Typical rentZillow ZORI, September 2026
- $1,919 /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, Washington, 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, Everett
- 0.75% of value
- Home insuranceCensus ACS 2020-2024, Everett
- $87 /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 reverse it in Everett?
Each line marks the point where Everett's 7-year verdict changes. Everything else stays as it is.
Renting comes out ahead when
- Home prices grow under 6.7% a year. The rate we use is 5.3%, Washington's long-run rate.
- Mortgage rate remains above 5.06%.
- A home like this one costs less than $2,750 a month to rent (typical here: $1,919).
- You move sometime before year 17.
Buying comes out ahead when
- Home prices rise by more than 6.7% a year.
- You lock in a mortgage rate under 5.06% (today's is 7.24%).
- You'd pay over $2,750 each month to rent that same home.
- You remain for 17 years or more.
How Everett compares with the other 812 cities
| Measure | Everett | Median city |
|---|---|---|
| Typical home value | $630,664 | $422,451 |
| Typical rent | $1,919 /mo | $1,837 /mo |
| Price-to-rent ratio | 27.4 (#98 of 813) | 18.5 |
| Home prices, last 10 years | 7.1% a year | 6.2% a year |
| Rents, last 5 years | 3.2% a year | 4% a year |
| Property tax | 0.75% | 0.87% |
| Households that rent | 51% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities in Washington
- Rent. Renting wins by $128k in Seattle, WA.
- Rent. Renting wins by $26k in Spokane, WA.
- Rent. Renting wins by $41k in Tacoma, WA.
- Rent. Renting wins by $39k in Vancouver, WA.
- Rent. Renting wins by $294k in Bellevue, WA.
- Rent. Renting wins by $83k in Kent, WA.
- Rent. Renting wins by $30k in Spokane Valley, WA.
- Rent. Renting wins by $92k in Renton, WA.
- Rent. Renting wins by $61k in Federal Way, WA.
- Rent. Renting wins by $27k in Yakima, WA.
- Rent. Renting wins by $85k in Bellingham, WA.
- Rent. Renting wins by $218k in Kirkland, WA.