Median Home PriceBETTER
$493,150.76
Median RentBETTER
$1,686.65/mo
Price-to-Rent RatioBETTER
24.4
Property Tax RateTIE
0.97%
Price Change (1Y)
-1.2%
Price Change (5Y)
-6.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$363,323
Median Home Price
$603,031.66
Median Rent
$1,944/mo
Price-to-Rent Ratio
25.9
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
-0.2%
Price Change (5Y)BETTER
-1.0%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$459,458
Key Differences
Home Prices
Gresham's median home price of $493,150.76 is lower than Lake Oswego's $603,031.66 by 18%.
Monthly Rent
Renting in Gresham costs $1,686.65/mo compared to $1,944/mo in Lake Oswego—a difference of $257.35/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.