Median Home PriceBETTER
$282,437
Median RentBETTER
$1,371.25/mo
Price-to-Rent Ratio
17.2
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+3.5%
Price Change (5Y)BETTER
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$143,876
Median Home Price
$341,888.89
Median Rent
$2,232.92/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.72%
Price Change (1Y)
+2.2%
Price Change (5Y)
+11.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$94,380
Key Differences
Home Prices
Buffalo's median home price of $282,437 is lower than Ithaca's $341,888.89 by 17%.
Monthly Rent
Renting in Buffalo costs $1,371.25/mo compared to $2,232.92/mo in Ithaca—a difference of $861.67/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.