Median Home PriceBETTER
$384,521.59
Median RentBETTER
$1,510.97/mo
Price-to-Rent RatioBETTER
21.2
Property Tax RateTIE
0.97%
Price Change (1Y)
-0.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$253,046
Median Home Price
$437,106.46
Median Rent
$1,651.85/mo
Price-to-Rent Ratio
22.1
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$360,036
Key Differences
Home Prices
Grants Pass's median home price of $384,521.59 is lower than Salem's $437,106.46 by 12%.
Monthly Rent
Renting in Grants Pass costs $1,510.97/mo compared to $1,651.85/mo in Salem—a difference of $140.88/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.