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
$574,942.32
Median Rent
$2,281.68/mo
Price-to-Rent Ratio
21.0
Property Tax RateTIE
2.49%
Price Change (1Y)
+3.2%
Price Change (5Y)
+16.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$449,588
Key Differences
Home Prices
Camden's median home price of $343,117.02 is lower than Paterson's $574,942.32 by 40%.
Monthly Rent
Renting in Camden costs $2,046.83/mo compared to $2,281.68/mo in Paterson—a difference of $234.85/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.