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)BETTER
+3.5%
Price Change (5Y)BETTER
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$143,876
Median Home Price
$296,693.01
Median Rent
$1,409.8/mo
Price-to-Rent Ratio
17.5
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.4%
Price Change (5Y)
+17.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$156,458
Key Differences
Home Prices
Buffalo's median home price of $282,437 is lower than Schenectady's $296,693.01 by 5%.
Monthly Rent
Renting in Buffalo costs $1,371.25/mo compared to $1,409.8/mo in Schenectady—a difference of $38.55/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.