Rent vs buy in West Jordan, UT

In West Jordan, Utah, the typical rent is $1,713 /mo and the typical home price is $555,182.

Rent

Over 7 years, renting comes out ahead by $65k.

Using West Jordan's typical home value and rent, with 20% down and the mortgage rate as it stands today. The break-even point arrives in year 16.

Clearly labeled opinion with the math shown. These are estimates, not quotes. Adjust one number, and the stamp changes.

How much renting is ahead: $65k
Break-even point: year 16
Actual cost of owning: $4,581 /mo

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The stamp takes West Jordan's typical figures for rent and home value. Your rent, price and time period may change the result.

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Is it cheaper to rent or buy in West Jordan?

Over 7 years, renting costs $64,707 less after counting the money you get back when you sell. During the first 15 years, renting costs less. The gap closes in year 16, when owning catches up.

Renting. Owning. Net cost by year so far.

Average rent compared with mortgage payment in West Jordan

Rent and the mortgage don't show the whole cost. In year 1, every monthly cost at West Jordan's typical price is included.

Each month, year 1	Amount	What it is
Rent	$1,713	All of it, every month
Mortgage payment	$3,027	$2,668 of it is interest in year 1
Property tax	$241	0.52% of the value a year
Insurance	$76	Census median for the city
Upkeep	$463	1% of the value a year
Owning, cash out	$3,806	$359 of it builds equity
Lost return on the down payment	$902	Annual earnings on the cash at 8.3%
Buying costs, spread out	$231	3.5% of the price over 7 years
True cost of owning	$4,581	Cash out, after subtracting the equity part and adding the two lines above

Numbers behind the West Jordan result

Typical home valueZillow ZHVI, September 2026: $555,182
Typical rentZillow ZORI, September 2026: $1,713 /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, West Jordan: 0.52% of value
Home insuranceCensus ACS 2020-2024, West Jordan: $76 /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 flip the result in West Jordan?

Each line shows where the 7-year West Jordan result changes, with all other factors held constant.

Renting is better when

Prices for homes rise by under 6.4% each year (5.1%, Utah's long-run rate, is what we apply).
The rate on a mortgage stays above 5.16%.
Monthly rent for a comparable home is below $2,410; the local typical figure is $1,713.
Your move happens before year 16.

When buying comes out ahead

Home prices rise by more than 6.4% a year.
You lock in a mortgage rate under 5.16% (today's is 7.24%).
If you rented that same home, you would pay more than $2,410 a month.
You remain for 16 years or longer.

Comparing West Jordan with the other 812 cities

Measure	West Jordan	Median city
Typical home value	$555,182	$422,451
Typical rent	$1,713 /mo	$1,837 /mo
Price-to-rent ratio	27.0 (#105 of 813)	18.5
Home prices, last 10 years	7.1% a year	6.2% a year
Rents, last 5 years	2.1% a year	4% a year
Property tax	0.52%	0.87%
Households that rent	23%	42%

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

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