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
$428,543.83
Median Rent
$2,015.34/mo
Price-to-Rent Ratio
17.7
Property Tax RateTIE
1.13%
Price Change (1Y)
+1.6%
Price Change (5Y)
+7.8%
Break-Even Years
N/A
10-Year Wealth Difference
$241,683
Key Differences
Home Prices
Duluth's median home price of $241,512.21 is lower than Woodbury's $428,543.83 by 44%.
Monthly Rent
Renting in Duluth costs $1,574.57/mo compared to $2,015.34/mo in Woodbury—a difference of $440.77/mo.
Buy vs Rent Verdict
Duluth favors buying, while Woodbury favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.