Median Home PriceBETTER
$479,561.59
Median RentBETTER
$1,821.31/mo
Price-to-Rent RatioBETTER
21.9
Property Tax RateTIE
0.60%
Price Change (1Y)BETTER
+1.7%
Price Change (5Y)BETTER
+8.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$304,179
Median Home Price
$553,733.17
Median Rent
$1,929.14/mo
Price-to-Rent Ratio
23.9
Property Tax RateTIE
0.60%
Price Change (1Y)
-0.1%
Price Change (5Y)
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$361,696
Key Differences
Home Prices
Carson City's median home price of $479,561.59 is lower than Reno's $553,733.17 by 13%.
Monthly Rent
Renting in Carson City costs $1,821.31/mo compared to $1,929.14/mo in Reno—a difference of $107.83/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.