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 Years
N/A
10-Year Wealth Difference
$143,876
Median Home PriceBETTER
$225,469.56
Median Rent
$1,472.17/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+7.2%
Price Change (5Y)BETTER
+36.1%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$49,393
Key Differences
Home Prices
Buffalo's median home price of $282,437 is higher than Utica's $225,469.56 by 25%.
Monthly Rent
Renting in Buffalo costs $1,371.25/mo compared to $1,472.17/mo in Utica—a difference of $100.92/mo.
Buy vs Rent Verdict
Buffalo favors renting, while Utica favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.