Median Home Price
$282,437
Median Rent
$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 Difference
$143,876
Median Home PriceBETTER
$240,808.33
Median RentBETTER
$1,076.97/mo
Price-to-Rent Ratio
18.6
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.3%
Price Change (5Y)BETTER
+26.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$98,214
Key Differences
Home Prices
Buffalo's median home price of $282,437 is higher than Niagara Falls's $240,808.33 by 17%.
Monthly Rent
Renting in Buffalo costs $1,371.25/mo compared to $1,076.97/mo in Niagara Falls—a difference of $294.28/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.