Median Home Price
$493,150.76
Median RentBETTER
$1,686.65/mo
Price-to-Rent Ratio
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 Difference
$363,323
Median Home PriceBETTER
$425,440.1
Median Rent
$1,713.31/mo
Price-to-Rent RatioBETTER
20.7
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.1%
Price Change (5Y)BETTER
+0.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$333,500
Key Differences
Home Prices
Gresham's median home price of $493,150.76 is higher than Medford's $425,440.1 by 16%.
Monthly Rent
Renting in Gresham costs $1,686.65/mo compared to $1,713.31/mo in Medford—a difference of $26.66/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.