Median Home Price
$282,437
Median RentBETTER
$1,371.25/mo
Price-to-Rent Ratio
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
$264,378.2
Median Rent
$1,627.12/mo
Price-to-Rent RatioBETTER
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Key Differences
Home Prices
Buffalo's median home price of $282,437 is higher than Syracuse's $264,378.2 by 7%.
Monthly Rent
Renting in Buffalo costs $1,371.25/mo compared to $1,627.12/mo in Syracuse—a difference of $255.87/mo.
Buy vs Rent Verdict
Buffalo favors renting, while Syracuse favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.