Median Home PriceBETTER
$282,437
Median RentBETTER
$1,371.25/mo
Price-to-Rent RatioBETTER
17.2
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$143,876
Median Home Price
$824,578.55
Median Rent
$3,016.38/mo
Price-to-Rent Ratio
22.8
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+3.7%
Price Change (5Y)BETTER
+18.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$528,335
Key Differences
Home Prices
Buffalo's median home price of $282,437 is lower than Mount Vernon's $824,578.55 by 66%.
Monthly Rent
Renting in Buffalo costs $1,371.25/mo compared to $3,016.38/mo in Mount Vernon—a difference of $1,645.13/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.