Median Home Price
$317,336.56
Median RentBETTER
$1,533.1/mo
Price-to-Rent Ratio
17.2
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+5.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$16,591
Median Home PriceBETTER
$284,020.02
Median Rent
$1,556.55/mo
Price-to-Rent RatioBETTER
15.2
Property Tax RateTIE
0.82%
Price Change (1Y)
+1.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$122,470
Key Differences
Home Prices
Harrisonburg's median home price of $317,336.56 is higher than Newport News's $284,020.02 by 12%.
Monthly Rent
Renting in Harrisonburg costs $1,533.1/mo compared to $1,556.55/mo in Newport News—a difference of $23.45/mo.
Buy vs Rent Verdict
Harrisonburg favors either option, while Newport News favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.