Rent vs buy in South Jordan, UT
The typical rent is $2,131 /mo and the typical home costs $661,177 in South Jordan, Utah.
Renting comes out ahead by $67k over 7 years
Today's mortgage rate and 20% down are paired with South Jordan's typical figures for rent and home value. Costs balance in year 14.
An opinion with a clear label and the math shown. These figures are estimates, not quotes. Adjust one figure and the stamp updates.
- Renting leads by
- $67k after 7 years
- Point of equal cost
- during year 14 when owning catches up
- Full ownership cost
- $5,434 per month year 1, against $2,131 rent
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The stamp draws on South Jordan's typical figures for rent and home value. Different rent, price and time periods can change the result.
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In South Jordan, is renting or buying cheaper?
Renting saves $66,607 across 7 years, including the money returned when you sell. For the first 13 years, renting costs less. By year 14, owning catches up.
Rent. Ownership. The net cost so far, shown by year.
Average rent compared with mortgage payment in South Jordan
The mortgage and rent aren't the whole story. Every monthly cost in year 1 appears here, using South Jordan's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,131 | All of it, every month |
| Mortgage payment | $3,605 | $3,177 of it is interest in year 1 |
| Property tax | $275 | 0.5% of the value a year |
| Insurance | $80 | Census median for the city |
| Upkeep | $551 | 1% of the value a year |
| Owning, cash out | $4,511 | $427 of it builds equity |
| Lost return on the down payment | $1,075 | How much the cash would earn yearly at 8.3% |
| Buying costs, spread out | $275 | 3.5% of the price over 7 years |
| True cost of owning | $5,434 | Cash out, after removing equity and adding the two amounts above |
Numbers behind the South Jordan verdict
- Typical home valueZillow ZHVI, September 2026
- $661,177
- Typical rentZillow ZORI, September 2026
- $2,131 /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, South Jordan
- 0.5% of value
- Home insuranceCensus ACS 2020-2024, South Jordan
- $80 /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 could change the South Jordan result?
Every line shows where South Jordan's 7-year verdict changes, while all other settings stay the same.
Conditions that favor renting
- Annual home price growth stays below 6.2%; we apply 5.1%, Utah's long-run rate.
- A mortgage rate remains above 5.45%.
- A similar home rents for less than $2,840 each month; typical here: $2,131.
- Your move happens before year 14.
Conditions that favor buying
- Home prices increase at more than 6.2% a year.
- You lock in a rate under 5.45% (today's is 7.24%).
- If you rented the same home, it would cost more than $2,840 a month.
- You remain there for 14 years or more.
How South Jordan compares with the other 812 cities
| Measure | South Jordan | Median city |
|---|---|---|
| Typical home value | $661,177 | $422,451 |
| Typical rent | $2,131 /mo | $1,837 /mo |
| Price-to-rent ratio | 25.9 (#123 of 813) | 18.5 |
| Home prices, last 10 years | 6.2% a year | 6.2% a year |
| Rents, last 5 years | 3.3% a year | 4% a year |
| Property tax | 0.50% | 0.87% |
| Households that rent | 19% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Other Utah cities
- Renting comes out $65k ahead in West Jordan, UT.