Median Home PriceBETTER
$241,512.21
Median Rent
$1,574.57/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+6.0%
Price Change (5Y)BETTER
+30.1%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$47,532
Median Home Price
$292,367.98
Median RentBETTER
$999.24/mo
Price-to-Rent Ratio
24.4
Property Tax RateTIE
1.13%
Price Change (1Y)
+3.0%
Price Change (5Y)
+14.9%
Break-Even Years
N/A
10-Year Wealth Difference
$210,792
Key Differences
Home Prices
Duluth's median home price of $241,512.21 is lower than Moorhead's $292,367.98 by 17%.
Monthly Rent
Renting in Duluth costs $1,574.57/mo compared to $999.24/mo in Moorhead—a difference of $575.33/mo.
Buy vs Rent Verdict
Duluth favors buying, while Moorhead favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.