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
$289,432.44
Median RentBETTER
$1,582.39/mo
Price-to-Rent Ratio
15.2
Property Tax RateBETTER
0.89%
Price Change (1Y)
-4.2%
Price Change (5Y)
-21.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$108,961
Key Differences
Home Prices
Chicago's median home price of $314,516.51 is higher than Jacksonville's $289,432.44 by 9%.
Monthly Rent
Renting in Chicago costs $2,113.41/mo compared to $1,582.39/mo in Jacksonville—a difference of $531.02/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.