Median Home Price
$614,241.42
Median Rent
$2,589.68/mo
Price-to-Rent Ratio
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 Difference
$499,645
Median Home PriceBETTER
$567,497.34
Median RentBETTER
$2,544.22/mo
Price-to-Rent RatioBETTER
18.6
Property Tax RateTIE
2.49%
Price Change (1Y)BETTER
+3.5%
Price Change (5Y)BETTER
+17.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$372,716
Key Differences
Home Prices
Elizabeth's median home price of $614,241.42 is higher than Perth Amboy's $567,497.34 by 8%.
Monthly Rent
Renting in Elizabeth costs $2,589.68/mo compared to $2,544.22/mo in Perth Amboy—a difference of $45.46/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.