Median Home PriceBETTER
$153,885.47
Median RentBETTER
$1,259.28/mo
Price-to-Rent RatioBETTER
10.2
Property Tax RateTIE
0.80%
Price Change (1Y)
-4.6%
Price Change (5Y)
-22.9%
Break-Even YearsBETTER
14 years
10-Year Wealth DifferenceBETTER
$3,155
Median Home Price
$259,731.52
Median Rent
$1,415.42/mo
Price-to-Rent Ratio
15.3
Property Tax RateTIE
0.80%
Price Change (1Y)BETTER
+1.7%
Price Change (5Y)BETTER
+8.7%
Break-Even Years
N/A
10-Year Wealth Difference
$104,331
Key Differences
Home Prices
Clovis's median home price of $153,885.47 is lower than Farmington's $259,731.52 by 41%.
Monthly Rent
Renting in Clovis costs $1,259.28/mo compared to $1,415.42/mo in Farmington—a difference of $156.14/mo.
Buy vs Rent Verdict
Clovis favors either option, while Farmington favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.