Median Home PriceBETTER
$241,512.21
Median RentBETTER
$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
$337,521.29
Median Rent
$1,676.07/mo
Price-to-Rent Ratio
16.8
Property Tax RateTIE
1.13%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.3%
Break-Even Years
N/A
10-Year Wealth Difference
$121,405
Key Differences
Home Prices
Duluth's median home price of $241,512.21 is lower than Rochester's $337,521.29 by 28%.
Monthly Rent
Renting in Duluth costs $1,574.57/mo compared to $1,676.07/mo in Rochester—a difference of $101.5/mo.
Buy vs Rent Verdict
Duluth favors buying, while Rochester favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.