Rent vs Buy in Vallejo, CA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Vallejo, CA
Price-to-rent ratio is 18.4 (under 15 favors buying, over 21 favors renting). Renting costs $2,342/mo; owning runs about $3,924/mo — $1,582/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $2,803 |
| Property tax | $474 |
| Home insurance | $216 |
| Maintenance | $431 |
| Total to own | $3,924 |
| Average 2BR rent | $2,342 |
Based on a median home value of $517,277 with a $103,455 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.