Median Home PriceBETTER
$343,117.02
Median RentBETTER
$2,046.83/mo
Price-to-Rent RatioBETTER
14.0
Property Tax RateTIE
2.49%
Price Change (1Y)BETTER
+4.1%
Price Change (5Y)BETTER
+20.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$123,680
Median Home Price
$614,241.42
Median Rent
$2,589.68/mo
Price-to-Rent Ratio
19.8
Property Tax RateTIE
2.49%
Price Change (1Y)
+2.2%
Price Change (5Y)
+11.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$499,645
Key Differences
Home Prices
Camden's median home price of $343,117.02 is lower than Elizabeth's $614,241.42 by 44%.
Monthly Rent
Renting in Camden costs $2,046.83/mo compared to $2,589.68/mo in Elizabeth—a difference of $542.85/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.