Median Home PriceBETTER
$361,064.29
Median Rent
$2,121.37/mo
Price-to-Rent RatioBETTER
14.2
Property Tax RateTIE
2.27%
Price Change (1Y)
+3.1%
Price Change (5Y)
+15.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$150,704
Median Home Price
$416,478.13
Median RentBETTER
$2,039.84/mo
Price-to-Rent Ratio
17.0
Property Tax RateTIE
2.27%
Price Change (1Y)BETTER
+5.0%
Price Change (5Y)BETTER
+25.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$170,842
Key Differences
Home Prices
Joliet's median home price of $361,064.29 is lower than Naperville's $416,478.13 by 13%.
Monthly Rent
Renting in Joliet costs $2,121.37/mo compared to $2,039.84/mo in Naperville—a difference of $81.53/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.