Median Home Price
$493,150.76
Median Rent
$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 DifferenceTIE
$363,323
Median Home PriceBETTER
$437,106.46
Median RentBETTER
$1,651.85/mo
Price-to-Rent RatioBETTER
22.1
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.2%
Price Change (5Y)BETTER
+1.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$360,036
Key Differences
Home Prices
Gresham's median home price of $493,150.76 is higher than Salem's $437,106.46 by 13%.
Monthly Rent
Renting in Gresham costs $1,686.65/mo compared to $1,651.85/mo in Salem—a difference of $34.8/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.