Median Home Price
$352,754.27
Median RentBETTER
$1,575.1/mo
Price-to-Rent Ratio
18.7
Property Tax RateTIE
1.72%
Price Change (1Y)
+4.1%
Price Change (5Y)
+20.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$175,629
Median Home PriceBETTER
$264,378.2
Median Rent
$1,627.12/mo
Price-to-Rent RatioBETTER
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Key Differences
Home Prices
Albany's median home price of $352,754.27 is higher than Syracuse's $264,378.2 by 33%.
Monthly Rent
Renting in Albany costs $1,575.1/mo compared to $1,627.12/mo in Syracuse—a difference of $52.02/mo.
Buy vs Rent Verdict
Albany favors renting, while Syracuse favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.