Rent vs Buy in Seattle, WA
Should you rent or buy a home in Seattle? Use our calculator with local market data to make an informed decision.
Rent vs Buy in Seattle, Washington
Should you rent or buy a home? Calculate your best option.
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💡 Tips
- • Higher mortgage rates favor renting
- • Higher home appreciation favors buying
- • Higher rent growth favors buying
- • Longer time horizons typically favor buying
You could save $125,512 by renting
Over 7 years
Upfront Costs to Buy
Cost Comparison Over Time
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About Buying vs Renting in Seattle
The decision to rent or buy in Seattle, Washington depends on many factors including your financial situation, how long you plan to stay, and current market conditions.
With a median home price of $825,000 and median rent of $2,400 per month, Seattle has a price-to-rent ratio of 28.6. This relatively high ratio suggests renting may be more economical in the short term.
Use our calculator above to input your specific scenario and see a personalized analysis. Adjust the time horizon, mortgage rate, and other factors to explore different outcomes.