Median Home PriceBETTER
$467,178.32
Median RentBETTER
$1,595.22/mo
Price-to-Rent Ratio
24.4
Property Tax RateTIE
1.80%
Price Change (1Y)
-6.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$413,070
Median Home Price
$489,436.57
Median Rent
$1,731.54/mo
Price-to-Rent RatioBETTER
23.6
Property Tax RateTIE
1.80%
Price Change (1Y)BETTER
-5.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$419,422
Key Differences
Home Prices
Austin's median home price of $467,178.32 is lower than Plano's $489,436.57 by 5%.
Monthly Rent
Renting in Austin costs $1,595.22/mo compared to $1,731.54/mo in Plano—a difference of $136.32/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.