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As of June 2025, the median home price in Adelanto, CA, is approximately $398,792, reflecting a 1.8% increase over the past year . The average monthly rent stands at $2,061, marking a 3.9% year-over-year rise.
Home Price Appreciation Forecast
Over the past decade, Adelanto has experienced significant home value appreciation, with a compound annual growth rate (CAGR) of approximately 10.8% . However, recent trends indicate a moderation in growth, with a 1.8% increase over the past year . For this analysis, we’ll use a conservative annual appreciation rate of 2% over the next nine years.
Financial Comparison: Renting vs. Buying Over 9 Years
Assumptions:
- Home Purchase Price: $398,792
- Down Payment: 20% ($79,758)
- Loan Amount: $319,034
- Interest Rate: 6.25%
- Loan Term: 30 years
- Monthly Mortgage Payment: Approximately $1,964 (principal and interest)
- Property Taxes and Insurance: Estimated at $500/month
- Total Monthly Housing Cost (Buying): $2,464
- Monthly Rent: Starting at $2,061 with a 3% annual increase
- Home Appreciation Rate: 2% annually
- Rent Increase Rate: 3% annually
| Year | Cumulative Rent Paid | Home Value | Remaining Mortgage Balance | Home Equity |
|---|---|---|---|---|
| 1 | $24,732 | $406,768 | $314,000 | $92,768 |
| 2 | $50,474 | $414,903 | $308,800 | $106,103 |
| 3 | $77,988 | $423,201 | $303,400 | $119,801 |
| 4 | $107,327 | $431,665 | $297,800 | $133,865 |
| 5 | $138,547 | $440,298 | $292,000 | $148,298 |
| 6 | $171,703 | $449,104 | $286,000 | $163,104 |
| 7 | $206,855 | $458,086 | $279,800 | $178,286 |
| 8 | $244,063 | $467,248 | $273,400 | $193,848 |
| 9 | $283,392 | $476,593 | $266,800 | $209,793 |
Key Takeaways:
- Renters would pay approximately $283,392 over nine years, with no asset accumulation.
- Buyers would build approximately $209,793 in home equity over the same period.
- Monthly housing costs for buyers are slightly higher initially but remain relatively stable, while rent is subject to annual increases.
Conclusion
While buying a home in Adelanto requires a significant upfront investment, it offers the potential for substantial equity growth over time. Renting may have lower initial costs but lacks the long-term financial benefits of homeownership.
David Delgado – NMLS #349079
President/CEO
Main Office (866) 587-6927
Freedom Choice Lending
NMLS #1998153
P.S. 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