Median Home PriceBETTER
$307,223.72
Median RentBETTER
$1,443.2/mo
Price-to-Rent RatioBETTER
17.7
Property Tax RateTIE
1.36%
Price Change (1Y)BETTER
+0.1%
Price Change (5Y)BETTER
+0.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$229,761
Median Home Price
$540,099.47
Median Rent
$2,331.44/mo
Price-to-Rent Ratio
19.3
Property Tax RateTIE
1.36%
Price Change (1Y)
-0.3%
Price Change (5Y)
-1.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$337,051
Key Differences
Home Prices
Augusta's median home price of $307,223.72 is lower than Portland's $540,099.47 by 43%.
Monthly Rent
Renting in Augusta costs $1,443.2/mo compared to $2,331.44/mo in Portland—a difference of $888.24/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.