Median Home Price
$352,754.27
Median Rent
$1,575.1/mo
Price-to-Rent Ratio
18.7
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+4.1%
Price Change (5Y)BETTER
+20.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$175,629
Median Home PriceBETTER
$282,437
Median RentBETTER
$1,371.25/mo
Price-to-Rent RatioBETTER
17.2
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$143,876
Key Differences
Home Prices
Albany's median home price of $352,754.27 is higher than Buffalo's $282,437 by 25%.
Monthly Rent
Renting in Albany costs $1,575.1/mo compared to $1,371.25/mo in Buffalo—a difference of $203.85/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.