Median Home PriceBETTER
$431,698.96
Median RentBETTER
$2,028.59/mo
Price-to-Rent RatioBETTER
17.7
Property Tax RateTIE
1.63%
Price Change (1Y)
+1.9%
Price Change (5Y)
+9.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$269,492
Median Home Price
$746,144.08
Median Rent
$2,796.83/mo
Price-to-Rent Ratio
22.2
Property Tax RateTIE
1.63%
Price Change (1Y)BETTER
+4.0%
Price Change (5Y)BETTER
+20.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$426,457
Key Differences
Home Prices
Cranston's median home price of $431,698.96 is lower than Newport's $746,144.08 by 42%.
Monthly Rent
Renting in Cranston costs $2,028.59/mo compared to $2,796.83/mo in Newport—a difference of $768.24/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.