Rent vs buy in Ogden, UT
The typical figures for Ogden, Utah are $1,316 /mo for rent and $390,773 for a home.
Across 7 years, renting comes out ahead by $41k.
Based on Ogden's typical figures for rent and home value, with today's mortgage rate and 20% down. Year 15 marks the break-even point.
Clearly labeled opinion with the math shown. These are estimates, not quotes. Change any number, and the stamp will change with it.
- Renting leads by
- $41k after 7 years
- Break-even point
- year 15 when owning catches up
- Full cost of ownership
- $3,281 /mo year 1, against $1,316 rent
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Which costs less in Ogden, renting or buying?
Over 7 years, renting costs $40,617 less after counting the money returned when you sell. For the first 14 years, renting costs less. In year 15, owning catches up.
Renting costs. Owning costs. Net cost by year so far.
Average rent compared with mortgage payments in Ogden
At Ogden's typical price, here's every monthly cost for year 1. Rent and mortgage payments aren't the whole story.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,316 | All of it, every month |
| Mortgage payment | $2,130 | $1,878 of it is interest in year 1 |
| Property tax | $212 | 0.65% of the value a year |
| Insurance | $68 | Census median for the city |
| Upkeep | $326 | 1% of the value a year |
| Owning, cash out | $2,736 | $253 of it builds equity |
| Lost return on the down payment | $635 | Annual earnings the cash would receive at 8.3% |
| Buying costs, spread out | $163 | 3.5% of the price over 7 years |
| True cost of owning | $3,281 | Take cash out, remove the equity part, then add the two lines above. |
The figures behind Ogden's result
- Typical home valueZillow ZHVI, September 2026
- $390,773
- Typical rentZillow ZORI, September 2026
- $1,316 /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, Utah, 1995 to 2025
- 5.1% 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, Ogden
- 0.65% of value
- Home insuranceCensus ACS 2020-2024, Ogden
- $68 /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
In Ogden, what would flip the verdict?
Each line shows the point where Ogden's 7-year result changes, with all other factors remaining the same.
Renting comes out ahead if
- Home price growth runs below 6.3% each year (our 5.1% figure is Utah's long-term rate).
- The rate for the mortgage remains above 5.39%.
- A similar home rents for less than $1,750 each month; the typical rent here is $1,316.
- Your move happens before year 15.
Buying comes out ahead if
- Home prices rise by more than 6.3% each year.
- You secure a mortgage rate under 5.39% (today's rate is 7.24%).
- Monthly rent for the same home would exceed $1,750.
- You remain there for 15 years or more.
How Ogden compares with the other 812 cities
| Measure | Ogden | Median city |
|---|---|---|
| Typical home value | $390,773 | $422,451 |
| Typical rent | $1,316 /mo | $1,837 /mo |
| Price-to-rent ratio | 24.7 (#148 of 813) | 18.5 |
| Home prices, last 10 years | 9.6% a year | 6.2% a year |
| Rents, last 5 years | 4.2% a year | 4% a year |
| Property tax | 0.65% | 0.87% |
| Households that rent | 39% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
More cities across Utah
- For Salt Lake City, UT, renting comes out ahead by $83k.
- For West Valley City, UT, renting comes out ahead by $39k.
- Rent. West Jordan, UT. Renting is ahead by $65k.
- Rent. Provo, UT. Renting is ahead by $47k.
- Rent. St. George, UT. Renting is ahead by $37k.
- Rent. Orem, UT. Renting is ahead by $57k.
- Rent. Lehi, UT. Renting is ahead by $22k.
- Rent. Sandy, UT. Renting is ahead by $104k.
- Rent. South Jordan, UT. Renting is ahead by $67k.
- Rent. Layton, UT. Renting is ahead by $58k.
- Rent. Millcreek, UT. Renting is ahead by $116k.
- Rental result: Herriman, UT. Renting wins by $68k.