Rent vs buy in Glendora, CA
In Glendora, California, the typical home is $879,753, and the typical rent is $2,950 /mo.
Over 7 years, renting comes out ahead by $76k
For Glendora's typical rent and home value, the assumptions include 20% down and today's mortgage rate. The break-even point is year 13.
Clearly labelled opinion with the math shown. These are estimates, not quotes. If you change a number, the stamp updates.
- Ahead with renting
- $76k after 7 years
- The break-even point
- year 13 when owning catches up
- Full cost of owning
- $7,363 each month year 1, against $2,950 rent
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In Glendora, is renting or buying cheaper?
Across 7 years, renting costs $75,959 less once you include the money returned when you sell. For the first 12 years, renting costs less. During year 13, owning catches up.
Rent option. Home ownership. Net cost to date, by year.
Average rent compared with mortgage payment in Glendora
At Glendora's typical price, the figures cover every monthly cost for year 1, beyond just rent and the mortgage.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,950 | All of it, every month |
| Mortgage payment | $4,796 | $4,228 of it is interest in year 1 |
| Property tax | $499 | 0.68% of the value a year |
| Insurance | $107 | Census median for the city |
| Upkeep | $733 | 1% of the value a year |
| Owning, cash out | $6,135 | $569 of it builds equity |
| Lost return on the down payment | $1,430 | Cash earnings at 8.3% a year |
| Buying costs, spread out | $367 | 3.5% of the price over 7 years |
| True cost of owning | $7,363 | Cash out minus the equity portion, plus the two lines above |
Numbers behind the Glendora verdict
- Typical home valueZillow ZHVI, September 2026
- $879,753
- Typical rentZillow ZORI, September 2026
- $2,950 /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, Glendora
- 0.68% of value
- Home insuranceCensus ACS 2020-2024, Glendora
- $107 /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 the result in Glendora?
Each line marks where Glendora's 7-year verdict changes while all other values stay the same.
Renting comes out ahead when
- When home prices rise by less than 6.3% yearly, the calculation uses California's long-run rate of 5.3%.
- The mortgage rate remains above 5.70%.
- A comparable home costs less than $3,760 in monthly rent, though the local typical figure is $2,950.
- Your move happens before year 13.
Buying comes out ahead when
- Home-price growth runs at more than 6.3% a year.
- You lock in a mortgage rate under 5.70% (today's rate is 7.24%).
- You would pay more than $3,760 a month to rent the same home.
- You remain for 13 years or longer.
How Glendora compares with 812 other cities
| Measure | Glendora | Median city |
|---|---|---|
| Typical home value | $879,753 | $422,451 |
| Typical rent | $2,950 /mo | $1,837 /mo |
| Price-to-rent ratio | 24.9 (#146 of 813) | 18.5 |
| Home prices, last 10 years | 5.3% a year | 6.2% a year |
| Rents, last 5 years | 4.6% a year | 4% a year |
| Property tax | 0.68% | 0.87% |
| Households that rent | 32% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
California's other cities
- Renting comes out ahead by $111k in Los Angeles, CA.
- Renting comes out ahead by $108k in San Diego, CA.
- Renting comes out ahead by $210k in San Jose, CA.
- Renting comes out ahead by $128k in San Francisco, CA.
- Buying comes out ahead by $22k in Fresno, CA.
- It's a toss-up in Sacramento, CA, with renting ahead by $3k.
- Renting comes out ahead by $111k in Long Beach, CA.
- Renting comes out ahead by $44k in Oakland, CA.
- Buying comes out ahead by $11k in Bakersfield, CA.
- Renting comes out ahead by $115k in Anaheim, CA.
- Buying comes out ahead by $16k in Stockton, CA.
- Renting comes out ahead by $27k in Riverside, CA.