Rent vs buy in Tigard, OR

In Tigard, Oregon, the typical rent is $1,798 /mo and the typical home is $598,717.

Rent

Renting comes out ahead by $102k over 7 years

With Tigard's typical rent and home value, a 20% down payment and today's mortgage rate apply. No break-even occurs within 30 years.

Clearly labeled opinion with the math shown. These are estimates, not quotes. Change any number, and the stamp changes with it.

Rental advantage: $102k
Break-even point: 30+ years
Real ownership cost: $5,119 /mo

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Tigard's typical rent and home value are the inputs for the stamp. Different rent, price and time period can reverse the result.

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In Tigard, is renting or buying cheaper?

Over 7 years, renting costs $101,909 less, including the money you receive when you sell. Across all shown years, the net cost of renting stays under owning's, with no catch-up within 30 years.

Renting. Ownership. Running net cost by year.

Tigard: average rent compared with mortgage payment

Rent and the mortgage don't cover every cost. Here are all monthly expenses from year 1 using Tigard's typical price.

Each month, year 1	Amount	What it is
Rent	$1,798	All of it, every month
Mortgage payment	$3,264	$2,877 of it is interest in year 1
Property tax	$439	0.88% of the value a year
Insurance	$81	Census median for the city
Upkeep	$499	1% of the value a year
Owning, cash out	$4,283	$387 of it builds equity
Lost return on the down payment	$973	Cash return at 8.3% a year
Buying costs, spread out	$249	3.5% of the price over 7 years
True cost of owning	$5,119	Cash paid, minus the equity portion, plus the two items above

The figures behind Tigard's result

Typical home valueZillow data, ZHVI, September 2026: $598,717
Typical rentZillow data, ZORI, September 2026: $1,798 /mo
Down payment: the engine doesn't model private mortgage insurance, which 20% avoids: 20%
Mortgage rate: Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US): 7.24%
Growth in home pricesFHFA house price index, Oregon, 1995 to 2025: Each year: 4.9%
Rent growthCPI for primary residence rent, yearly growth from 2006 through 2026: Each year: 3.5%
Savings return: 60% S&P 500 with dividends plus 40% 10-year Treasuries, rebalanced each year, 1928 to 2025: Each year: 8.3%
Property tax: Census ACS 2020-2024, Tigard: 0.88% of the value
Home insurance: Census ACS 2020-2024, Tigard: $81 each month
Maintenancefrom Fannie Mae, at the low end of 1% to 4%: Each year, 1% of the value
Costs of buying: Freddie Mac, the middle of the 2% to 5% range: 3.5% of the price
Selling costscommission paid to the agent plus closing costs: 6% of the price

What could change the Tigard result?

Each line shows the point where Tigard's 7-year verdict changes. Everything else stays the same.

When renting costs less

With home prices growing more slowly than 6.8% a year, the rate we apply is Oregon's long-run rate, 4.9%.
A mortgage rate above 4.19% is maintained.
A comparable home rents for under $2,890 each month; the typical local rent is $1,798.
If you move during the next 30 years, owning won't catch up with these figures.

Buying is cheaper when

Home prices grow at a pace above 6.8% each year.
You secure a mortgage rate under 4.19% (today's is 7.24%).
Monthly rent for the same home would exceed $2,890.

Tigard compared with the other 812 cities

Measure	Tigard	Median city
Typical home value	$598,717	$422,451
Typical rent	$1,798 /mo	$1,837 /mo
Price-to-rent ratio	27.7 (#95 of 813)	18.5
Home prices, last 10 years	4.3% a year	6.2% a year
Rents, last 5 years	2.9% a year	4% a year
Property tax	0.88%	0.87%
Households that rent	38%	42%

Sources: Zillow's ZHVI and ZORI, Census ACS 2020-2024.

More cities in Oregon

Rent. Portland, OR. Renting is cheaper by $82k.
Rent. Hillsboro, OR. Renting is cheaper by $44k.
Rent. Beaverton, OR. Renting is cheaper by $65k.
Rent. Corvallis, OR. Renting is cheaper by $93k.

Oregon rent vs buy: the state's numbers