Median Home Price
$341,888.89
Median Rent
$2,232.92/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.72%
Price Change (1Y)
+2.2%
Price Change (5Y)
+11.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$94,380
Median Home PriceBETTER
$269,412.43
Median RentBETTER
$1,499.49/mo
Price-to-Rent Ratio
15.0
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+3.0%
Price Change (5Y)BETTER
+14.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$113,698
Key Differences
Home Prices
Ithaca's median home price of $341,888.89 is higher than Rochester's $269,412.43 by 27%.
Monthly Rent
Renting in Ithaca costs $2,232.92/mo compared to $1,499.49/mo in Rochester—a difference of $733.43/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.