Renting vs. Owning in Sammamish: What You’ll Pay
When deciding between renting an apartment or buying a house in Sammamish, the cost difference is a key factor. On average, renting a 2BR apartment in Sammamish runs about $2,450 per month, while a 3BR house may cost closer to $3,200 monthly. The exact price depends on the neighborhood, with more affordable options found further from the city center.
Over the past year, the cost of renting a 3BR house in Sammamish has increased by roughly 5%. However, apartment rents have remained more stable, rising just 2-3% on average. For those looking to maximize space on a budget, townhomes can offer a happy medium, with rents typically falling between apartment and single-family home prices.
Table: Cost Comparison – Apartment vs House
Here’s a side-by-side breakdown of common monthly costs in Sammamish:
| Expense | 2BR Apartment | 3BR House |
|---|---|---|
| Rent/Mortgage | $2,450 | $3,200 |
| Utilities | $120 | $250 |
| Internet | $65 | $65 |
| Insurance | $15 | $120 |
| Maintenance | $0 | $150 |
| HOA | $250 | $0 |
| Total | $2,900 | $3,785 |
Estimates are for mid-range units with typical usage.
As shown above, renting an apartment in Sammamish tends to be more budget-friendly overall. However, houses provide more space and privacy for the extra cost. Weighing your priorities is key to choosing the right option.
Utility and Upkeep Differences
In addition to higher base rents, houses in Sammamish also come with steeper utility bills. Cooling a larger space in the summer months can drive up electricity costs. Watering a lawn also adds to the water bill, whereas many apartment complexes cover landscaping in the rent.
Some other cost differences to consider:
- Apartments may include trash pickup, while homeowners typically pay for private waste removal
- Houses with yards require ongoing lawn care, adding $50-100 to monthly costs
- Older houses may have less efficient HVAC and appliances, increasing utility usage
- Homeowners are solely responsible for repair costs, which can be significant for roofing, plumbing, etc.
Lifestyle Tradeoffs
For many Sammamish residents, the choice between an apartment and a house comes down to lifestyle priorities. Apartments in walkable areas provide easy access to dining, shopping, and transit. They also require less upkeep, freeing up time and energy.
On the flip side, houses offer more square footage and private outdoor space. This makes them popular with families who want room for kids and pets to roam. Having a detached home also provides more freedom in terms of noise and decorating.
Parking is another consideration. Many apartment complexes charge extra for a reserved space, while houses typically include private driveway parking. For those who commute by car, this can add convenience.
Which Is Cheaper Long Term in Sammamish?
While renting an apartment is often cheaper month-to-month, buying a house can be more cost effective in the long run. Assuming a 1.5% annual rent increase, a $2,450 apartment in Sammamish would cost about $151,000 over a 5-year period. In contrast, a $500,000 house with 20% down would result in roughly $141,000 in payments over that same timeframe (including property tax and insurance, but excluding maintenance and utilities).
Of course, this calculation changes based on your specific situation. Putting more money down on a house reduces monthly payments, while opting for a lower-priced apartment can make renting more economical. Talking to a local real estate agent or financial advisor can help you weigh the numbers.
FAQs About Housing Costs in Sammamish
How much more does a house cost per month?
On average, a 3BR house in Sammamish costs about $900 more per month than a 2BR apartment when you factor in rent/mortgage, utilities, insurance, and maintenance.
Do houses always have higher utility bills?
In most cases, yes. Houses are larger, which means more space to heat and cool. They also often have yards that require watering. That said, newer houses may have energy-efficient features that keep utility costs in check.
Are apartments still cheaper with pet rent factored in?
It depends on the apartment, but in general, yes. Even with an extra $50/month pet rent, most apartments in Sammamish are less expensive than comparable houses. However, some apartments have breed or size restrictions, so pet owners should research policies before signing a lease.
Making the Right Housing Choice in Sammamish
As this cost comparison shows, both apartments and houses have their benefits and tradeoffs. Renting an apartment is generally the more affordable option, with a 2BR unit saving over $800 per month compared to a 3BR house. Apartments also require less maintenance and upkeep.
However, for those who value space and privacy, a house can be worth the added expense. Sammamish is known for its high-quality schools and safe neighborhoods, making it a great place to raise a family. Plus, while costlier upfront, owning a home builds equity over time.
Ultimately, the right choice depends on your budget, lifestyle, and long-term goals. For more info on the cost of living in Sammamish, check out our guides on average monthly expenses and property taxes and HOA fees. With a clear picture of the numbers, you can feel confident in your housing decision.