Median Home Price
$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
Median Home PriceBETTER
$288,459.3
Median RentBETTER
$1,477.92/mo
Price-to-Rent Ratio
16.3
Property Tax RateBETTER
1.56%
Price Change (1Y)
+0.9%
Price Change (5Y)
+4.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$187,463
Key Differences
Home Prices
Chicago's median home price of $314,516.51 is higher than Columbus's $288,459.3 by 9%.
Monthly Rent
Renting in Chicago costs $2,113.41/mo compared to $1,477.92/mo in Columbus—a difference of $635.49/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.