Median Home Price
$350,229.07
Median Rent
$1,777.62/mo
Price-to-Rent Ratio
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
$227,995.8
Median RentBETTER
$1,313.14/mo
Price-to-Rent RatioBETTER
14.5
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+5.7%
Price Change (5Y)BETTER
+28.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$19,920
Key Differences
Home Prices
Allentown's median home price of $350,229.07 is higher than Scranton's $227,995.8 by 54%.
Monthly Rent
Renting in Allentown costs $1,777.62/mo compared to $1,313.14/mo in Scranton—a difference of $464.48/mo.
Buy vs Rent Verdict
Allentown favors renting, while Scranton favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.