Median Home Price
$356,565.23
Median Rent
$1,749.01/mo
Price-to-Rent RatioTIE
17.0
Property Tax RateTIE
1.54%
Price Change (1Y)
+2.4%
Price Change (5Y)
+12.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$191,103
Median Home PriceBETTER
$211,721.11
Median RentBETTER
$1,046.5/mo
Price-to-Rent RatioTIE
16.9
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+6.4%
Price Change (5Y)BETTER
+32.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$34,583
Key Differences
Home Prices
Bethlehem's median home price of $356,565.23 is higher than Erie's $211,721.11 by 68%.
Monthly Rent
Renting in Bethlehem costs $1,749.01/mo compared to $1,046.5/mo in Erie—a difference of $702.51/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.