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 Difference
$94,380
Median Home PriceBETTER
$264,378.2
Median RentBETTER
$1,627.12/mo
Price-to-Rent Ratio
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Key Differences
Home Prices
Ithaca's median home price of $341,888.89 is higher than Syracuse's $264,378.2 by 29%.
Monthly Rent
Renting in Ithaca costs $2,232.92/mo compared to $1,627.12/mo in Syracuse—a difference of $605.8/mo.
Buy vs Rent Verdict
Ithaca favors renting, while Syracuse favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.