Renting vs. Buying — Is It Time to Make the Leap?

Renting vs. Buying — Is It Time to Make the Leap?

If you’ve been renting for years, you’re not alone. In fact, over 40% of Portland-area residents are renters. While renting offers flexibility, it also comes with rising costs and limited long-term benefit. Many renters—especially those paying $1,800 or more per month—are beginning to ask:

Is now the time to buy a home instead?

Let’s break down the pros and cons so you can make a confident, informed decision.

🔑 You’re Paying $1,800+ a Month in Rent

If you’re paying close to or over $2,000/month in rent, you could be putting that money toward building equity in a home of your own. Every month’s rent payment is money that you don’t get back. On the other hand, mortgage payments—especially with today’s loan programs—often cost the same (or even less) and contribute to long-term wealth.

Owning also gives you access to potential tax benefits, such as deductions on mortgage interest and property taxes.

📈 You Want More Stability

Tired of rent increases, inconsistent landlords, or the uncertainty of your lease ending? Homeownership offers long-term stability. You’ll know what your monthly payments will be, and you’ll have the power to make decisions about your space—without needing approval for every change.

It also means planting roots in a neighborhood you love, building community, and having more control over your lifestyle.

💼 You’re Ready to Invest in Yourself

Buying a home is more than just a transaction—it’s an investment in your future. Over time, homes generally appreciate in value, offering financial growth and security.

Many first-time buyers are surprised to learn that they don’t need a 20% down payment to get started. In fact, there are low-down-payment options (as low as 3–5%) and local grants or assistance programs available to help new homeowners.

✨ You're Not Sure Where to Start

We hear this a lot—and it’s okay. The homebuying process can feel overwhelming at first. That’s why we lead with education and clarity, not pressure. From understanding credit scores to comparing lenders, we’re here to walk you through it all.

Whether you're a year out or ready to start tomorrow, we'll meet you where you're at and help build a roadmap that works for your goals and timeline.

Let’s Explore It Together

At Atlas North, we believe everyone deserves access to transparent, no-pressure guidance. We offer side-by-side Rent vs. Buy comparisons, access to trusted local lenders, and one-on-one support to help you make the best decision for your future.

Schedule a free Rent vs. Buy Consultation with our team today and receive our First-Time Homeowner Budget Worksheet to help you get started. Let’s turn “someday” into “let’s go.”