Median Home Price
$664,551.64
Median Rent
$2,302.9/mo
Price-to-Rent Ratio
24.0
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+1.3%
Price Change (5Y)BETTER
+6.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$495,742
Median Home PriceBETTER
$284,020.02
Median RentBETTER
$1,556.55/mo
Price-to-Rent RatioBETTER
15.2
Property Tax RateTIE
0.82%
Price Change (1Y)
+1.2%
Price Change (5Y)
+6.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$122,470
Key Differences
Home Prices
Alexandria's median home price of $664,551.64 is higher than Newport News's $284,020.02 by 134%.
Monthly Rent
Renting in Alexandria costs $2,302.9/mo compared to $1,556.55/mo in Newport News—a difference of $746.35/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.