Durham vs Rocky Mount
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Rocky Mount has an edge
Rocky Mount currently favors renting, with better rent-to-price dynamics.
Median Home Price
$394,861.43
Median Rent
$1,628.1/mo
Price-to-Rent Ratio
20.2
Property Tax RateTIE
0.84%
Price Change (1Y)
-1.7%
Price Change (5Y)
-8.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$235,303
Median Home PriceBETTER
$229,277.68
Median RentBETTER
$1,304.88/mo
Price-to-Rent RatioBETTER
14.6
Property Tax RateTIE
0.84%
Price Change (1Y)BETTER
-1.1%
Price Change (5Y)BETTER
-5.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$81,628
Key Differences
Home Prices
Durham's median home price of $394,861.43 is higher than Rocky Mount's $229,277.68 by 72%.
Monthly Rent
Renting in Durham costs $1,628.1/mo compared to $1,304.88/mo in Rocky Mount—a difference of $323.22/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.