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
$303,489.84
Median RentBETTER
$1,635.42/mo
Price-to-Rent Ratio
15.5
Property Tax RateBETTER
1.80%
Price Change (1Y)
-4.8%
Price Change (5Y)
-23.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$164,574
Key Differences
Home Prices
Chicago's median home price of $314,516.51 is higher than Dallas's $303,489.84 by 4%.
Monthly Rent
Renting in Chicago costs $2,113.41/mo compared to $1,635.42/mo in Dallas—a difference of $477.99/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.