Median Home PriceBETTER
$365,621.67
Median RentBETTER
$1,832.11/mo
Price-to-Rent RatioTIE
16.6
Property Tax RateTIE
1.98%
Price Change (1Y)BETTER
+4.4%
Price Change (5Y)BETTER
+21.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$150,378
Median Home Price
$386,136.9
Median Rent
$1,938.22/mo
Price-to-Rent RatioTIE
16.6
Property Tax RateTIE
1.98%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$186,972
Key Differences
Home Prices
Hartford's median home price of $365,621.67 is lower than New Haven's $386,136.9 by 5%.
Monthly Rent
Renting in Hartford costs $1,832.11/mo compared to $1,938.22/mo in New Haven—a difference of $106.11/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.