Median Home PriceBETTER
$289,432.44
Median RentBETTER
$1,582.39/mo
Price-to-Rent RatioBETTER
15.2
Property Tax RateBETTER
0.89%
Price Change (1Y)
-4.2%
Price Change (5Y)
-21.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$108,961
Median Home Price
$1,182,635.83
Median Rent
$4,367.24/mo
Price-to-Rent Ratio
22.6
Property Tax Rate
1.72%
Price Change (1Y)BETTER
+1.4%
Price Change (5Y)BETTER
+7.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$967,229
Key Differences
Home Prices
Jacksonville's median home price of $289,432.44 is lower than New York's $1,182,635.83 by 76%.
Monthly Rent
Renting in Jacksonville costs $1,582.39/mo compared to $4,367.24/mo in New York—a difference of $2,784.85/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.