Median Home PriceBETTER
$467,178.32
Median RentBETTER
$1,595.22/mo
Price-to-Rent RatioBETTER
24.4
Property Tax Rate
1.80%
Price Change (1Y)
-6.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$413,070
Median Home Price
$1,578,502.22
Median Rent
$3,419.28/mo
Price-to-Rent Ratio
38.5
Property Tax RateBETTER
0.73%
Price Change (1Y)BETTER
-1.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$1,404,500
Key Differences
Home Prices
Austin's median home price of $467,178.32 is lower than San Jose's $1,578,502.22 by 70%.
Monthly Rent
Renting in Austin costs $1,595.22/mo compared to $3,419.28/mo in San Jose—a difference of $1,824.06/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.