Median Home Price
$416,474.97
Median RentBETTER
$1,737.3/mo
Price-to-Rent Ratio
20.0
Property Tax RateBETTER
0.84%
Price Change (1Y)
-0.9%
Price Change (5Y)
-4.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$242,394
Median Home PriceBETTER
$314,516.51
Median Rent
$2,113.41/mo
Price-to-Rent RatioBETTER
12.4
Property Tax Rate
2.27%
Price Change (1Y)BETTER
+2.9%
Price Change (5Y)BETTER
+14.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$90,658
Key Differences
Home Prices
Charlotte's median home price of $416,474.97 is higher than Chicago's $314,516.51 by 32%.
Monthly Rent
Renting in Charlotte costs $1,737.3/mo compared to $2,113.41/mo in Chicago—a difference of $376.11/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.