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As of June 2025, the average home value in Whittier, CA, stands at approximately $824,074, reflecting a 3.5% increase over the past year . With mortgage interest rates around 6.25%, prospective homeowners are evaluating the long-term financial implications of buying versus renting.
📈 Home Price Appreciation Forecast
Historical data indicates that Whittier’s real estate market has experienced consistent growth. Over the past decade, the city saw a cumulative appreciation rate of 91.72%, averaging 6.73% annually . Assuming a conservative annual appreciation rate of 6.5%, the projected home values over the next nine years are as follows
| Year | Projected Home Value |
|---|---|
| 2025 | $824,074 |
| 2026 | $877,718 |
| 2027 | $934,791 |
| 2028 | $995,553 |
| 2029 | $1,060,281 |
| 2030 | $1,129,271 |
| 2031 | $1,202,837 |
| 2032 | $1,281,317 |
| 2033 | $1,365,071 |
| 2034 | $1,454,490 |
🏠 Buying: 9-Year Financial Overview
Assumptions:
- Home Price: $824,074
- Down Payment: 20% ($164,815)
- Loan Amount: $659,259
- Interest Rate: 6.25% (30-year fixed)
- Monthly Mortgage Payment: Approximately $4,060 (Principal & Interest)
- Property Taxes & Insurance: Approximately $1,000/month
- Total Monthly Payment: Approximately $5,060
9-Year Equity Accumulation:
- Principal Paid: Approximately $100,000
- Home Value Increase: Approximately $630,416
- Total Equity: Approximately $730,416
🏘️ Renting: 9-Year Financial Overview
Assumptions:
- Initial Monthly Rent: $2,970
- Annual Rent Increase: 3%
9-Year Rent Payments:
- Total Rent Paid: Approximately $350,000
- Equity Accumulated: $0
📊 Rent vs. Buy: 9-Year Cost Comparison
| Category | Buying | Renting |
|---|---|---|
| Total Payments | $546,480 | ~$350,000 |
| Equity Accumulated | $730,416 | $0 |
| Net Gain/Loss | +$183,936 | -$350,000 |
Note: These figures are estimates and actual costs may vary based on individual circumstances.Best Places
📝 Conclusion
While renting may offer lower monthly payments initially, buying a home in Whittier, CA, presents a substantial opportunity for long-term equity growth. With projected home value appreciations and equity accumulation, purchasing a home could result in significant financial benefits over a nine-year period.
For personalized advice tailored to your financial situation, consider consulting with a mortgage professional or financial advisor.
To start a loan application online go to fcl.amloa.org or text the word Apply to 562-451-8883
To get a Free List of bank foreclosures, company owned homes and other distress sales go to www.SearchAnyHomeOnline.com
David Delgado – NMLS #349079
President/CEO
Main Office (866) 587-6927
Freedom Choice Lending
NMLS #1998153
If you know any friends, family members, co-workers looking to buy, sell or refinance it would be an honor to help them as well. When you come across anyone please give us a call at 866-587-6927 Thank you! David Delgado