Median Home Price
$635,686.02
Median RentBETTER
$2,305.06/mo
Price-to-Rent Ratio
23.0
Property Tax RateTIE
2.49%
Price Change (1Y)BETTER
+3.2%
Price Change (5Y)BETTER
+16.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$535,542
Median Home PriceBETTER
$614,241.42
Median Rent
$2,589.68/mo
Price-to-Rent RatioBETTER
19.8
Property Tax RateTIE
2.49%
Price Change (1Y)
+2.2%
Price Change (5Y)
+11.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$499,645
Key Differences
Home Prices
East Orange's median home price of $635,686.02 is higher than Elizabeth's $614,241.42 by 3%.
Monthly Rent
Renting in East Orange costs $2,305.06/mo compared to $2,589.68/mo in Elizabeth—a difference of $284.62/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.