Median Home Price
$350,229.07
Median Rent
$1,777.62/mo
Price-to-Rent RatioBETTER
16.4
Property Tax RateTIE
1.54%
Price Change (1Y)
+3.6%
Price Change (5Y)
+18.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$137,576
Median Home PriceBETTER
$211,721.11
Median RentBETTER
$1,046.5/mo
Price-to-Rent Ratio
16.9
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+6.4%
Price Change (5Y)BETTER
+32.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$34,583
Key Differences
Home Prices
Allentown's median home price of $350,229.07 is higher than Erie's $211,721.11 by 65%.
Monthly Rent
Renting in Allentown costs $1,777.62/mo compared to $1,046.5/mo in Erie—a difference of $731.12/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.