Median Home Price
$383,346.54
Median Rent
$1,664.45/mo
Price-to-Rent Ratio
19.2
Property Tax RateTIE
1.13%
Price Change (1Y)
+1.7%
Price Change (5Y)
+8.3%
Break-Even Years
N/A
10-Year Wealth Difference
$243,352
Median Home PriceBETTER
$241,512.21
Median RentBETTER
$1,574.57/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+6.0%
Price Change (5Y)BETTER
+30.1%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$47,532
Key Differences
Home Prices
Burnsville's median home price of $383,346.54 is higher than Duluth's $241,512.21 by 59%.
Monthly Rent
Renting in Burnsville costs $1,664.45/mo compared to $1,574.57/mo in Duluth—a difference of $89.88/mo.
Buy vs Rent Verdict
Burnsville favors renting, while Duluth favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.