Rent vs buy in Redlands, CA
Typical rent is $2,398 /mo, and typical home value is $634,734 in Redlands, California.
Renting leads by $35k over 7 years
Today's mortgage rate and a 20% down payment are paired with Redlands's typical rent and home value. The break-even point arrives in year 11.
Clearly labeled opinion with the math shown. These are estimates, not quotes. Adjust a number and the stamp updates.
- Rent is ahead by
- $35k after 7 years
- Break-even point
- In year 11 when owning catches up
- Full cost of ownership
- $5,371 /mo year 1, against $2,398 rent
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In Redlands, is renting or buying cheaper?
Renting costs $34,999 less over 7 years, including the money returned when you sell. For the first 10 years, renting costs less. By year 11, owning catches up.
Renting. Owning. Net cost through each year.
Redlands average rent compared with mortgage payment
Rent and mortgage payments don't show the full picture. Here are all monthly costs in year 1 using Redlands's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,398 | All of it, every month |
| Mortgage payment | $3,461 | $3,050 of it is interest in year 1 |
| Property tax | $386 | 0.73% of the value a year |
| Insurance | $110 | Census median for the city |
| Upkeep | $529 | 1% of the value a year |
| Owning, cash out | $4,486 | $410 of it builds equity |
| Lost return on the down payment | $1,032 | What your cash would earn yearly at 8.3% |
| Buying costs, spread out | $264 | 3.5% of the price over 7 years |
| True cost of owning | $5,371 | Subtract equity from cash out, then add the two lines above. |
Redlands verdict numbers
- Typical rent: Zillow ZORI, September 2026
- $2,398 /mo
- With a 20% down payment, private mortgage insurance is avoided; the engine does not model it.
- 20%
- Rent growth CPI rent of primary residence, yearly growth from 2006 to 2026
- 3.5% each year
- Return on savings 60% S&P 500 with dividends plus 40% 10-year Treasuries, 1928 to 2025, rebalanced yearly
- 8.3% each year
- Property tax: Census ACS 2020-2024, Redlands
- 0.73% of the value
- Maintenance Fannie Mae, the low end of the 1% to 4% range
- Each year, the amount equals 1% of value
- Buying costs Freddie Mac, the midpoint of the 2% to 5% range
- 3.5% of the price
- Sale expenses: agent commission plus costs paid at closing
- 6% of the price
What would flip the outcome in Redlands?
The 7-year verdict in Redlands changes at each listed point, with the rest kept as it is
Renting wins if
- The assumption is 5.3% annual home-price growth, California's long-run rate, below 5.9% a year.
- The mortgage rate remains over 6.26%.
- For a home like this, the rent is under $2,770 each month (typical here: $2,398).
- Your move takes place before year 11.
Buying wins if
- Home prices increase by more than 5.9% a year.
- You lock in a mortgage rate under 6.26%, compared with today's 7.24%.
- The monthly rent for the same home would exceed $2,770.
- You remain for 11 years or longer.
How Redlands compares with the other 812 cities
| Measure | Redlands | Median city |
|---|---|---|
| Typical home value | $634,734 | $422,451 |
| Typical rent | $2,398 /mo | $1,837 /mo |
| Price-to-rent ratio | 22.1 (#243 of 813) | 18.5 |
| Home prices, last 10 years | 6% a year | 6.2% a year |
| Rents, last 5 years | 3.8% a year | 4% a year |
| Property tax | 0.73% | 0.87% |
| Households that rent | 43% | 42% |
Sources: Zillow's ZHVI and ZORI, Census ACS 2020-2024.
More cities in California
- Renting comes out $111k ahead in Los Angeles, CA.
- For San Diego, CA, the result favors renting by $108k.
- Rent. San Jose, CA. Renting is ahead by $210k.
- Rent. San Francisco, CA. Renting is ahead by $128k.
- Buy. Fresno, CA. Buying is ahead by $22k.
- For Sacramento, CA, it's a toss-up, and rent leads by $3k
- For Long Beach, CA, rent wins by $111k
- Rent. Oakland, CA. Renting is ahead by $44k.
- Buying is better. In Bakersfield, CA, buying comes out ahead by $11k.
- Renting is better. In Anaheim, CA, renting comes out ahead by $115k.
- Buying is better. In Stockton, CA, buying comes out ahead by $16k.
- Renting is better. In Riverside, CA, renting comes out ahead by $27k.