Median Home PriceBETTER
$532,579.23
Median Rent
$1,858.6/mo
Price-to-Rent RatioBETTER
23.9
Property Tax RateBETTER
0.51%
Price Change (1Y)
-4.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$340,368
Median Home Price
$558,753.78
Median RentBETTER
$1,606.76/mo
Price-to-Rent Ratio
29.0
Property Tax Rate
0.63%
Price Change (1Y)BETTER
+2.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$423,864
Key Differences
Home Prices
Denver's median home price of $532,579.23 is lower than Salt Lake City's $558,753.78 by 5%.
Monthly Rent
Renting in Denver costs $1,858.6/mo compared to $1,606.76/mo in Salt Lake City—a difference of $251.84/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.