Median Home PriceTIE
$617,352.12
Median Rent
$2,911.9/mo
Price-to-Rent RatioBETTER
17.7
Property Tax RateTIE
2.49%
Price Change (1Y)
+0.3%
Price Change (5Y)
+1.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$527,936
Median Home PriceTIE
$614,241.42
Median RentBETTER
$2,589.68/mo
Price-to-Rent Ratio
19.8
Property Tax RateTIE
2.49%
Price Change (1Y)BETTER
+2.2%
Price Change (5Y)BETTER
+11.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$499,645
Key Differences
Home Prices
Bayonne's median home price of $617,352.12 is higher than Elizabeth's $614,241.42 by 1%.
Monthly Rent
Renting in Bayonne costs $2,911.9/mo compared to $2,589.68/mo in Elizabeth—a difference of $322.22/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.