Median Home PriceBETTER
$532,579.23
Median RentBETTER
$1,858.6/mo
Price-to-Rent Ratio
23.9
Property Tax RateBETTER
0.51%
Price Change (1Y)
-4.1%
Price Change (5Y)
-20.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$340,368
Median Home Price
$1,182,635.83
Median Rent
$4,367.24/mo
Price-to-Rent RatioBETTER
22.6
Property Tax Rate
1.72%
Price Change (1Y)BETTER
+1.4%
Price Change (5Y)BETTER
+7.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$967,229
Key Differences
Home Prices
Denver's median home price of $532,579.23 is lower than New York's $1,182,635.83 by 55%.
Monthly Rent
Renting in Denver costs $1,858.6/mo compared to $4,367.24/mo in New York—a difference of $2,508.64/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.