Median Home PriceBETTER
$185,182.84
Median RentBETTER
$1,076.94/mo
Price-to-Rent RatioBETTER
14.3
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+5.3%
Price Change (5Y)BETTER
+26.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$28,830
Median Home Price
$335,851.05
Median Rent
$1,746.16/mo
Price-to-Rent Ratio
16.0
Property Tax RateTIE
1.54%
Price Change (1Y)
+4.1%
Price Change (5Y)
+20.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$109,255
Key Differences
Home Prices
Flint's median home price of $185,182.84 is lower than Grand Rapids's $335,851.05 by 45%.
Monthly Rent
Renting in Flint costs $1,076.94/mo compared to $1,746.16/mo in Grand Rapids—a difference of $669.22/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.