Median Home PriceBETTER
$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 DifferenceBETTER
$137,576
Median Home Price
$372,150.62
Median RentBETTER
$1,454.9/mo
Price-to-Rent Ratio
21.3
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+4.2%
Price Change (5Y)BETTER
+21.0%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$206,302
Key Differences
Home Prices
Allentown's median home price of $350,229.07 is lower than Lancaster's $372,150.62 by 6%.
Monthly Rent
Renting in Allentown costs $1,777.62/mo compared to $1,454.9/mo in Lancaster—a difference of $322.72/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.