Median Home Price
$361,064.29
Median Rent
$2,121.37/mo
Price-to-Rent Ratio
14.2
Property Tax RateTIE
2.27%
Price Change (1Y)
+3.1%
Price Change (5Y)
+15.6%
Break-Even Years
N/A
10-Year Wealth Difference
$150,704
Median Home PriceBETTER
$195,413.19
Median RentBETTER
$1,211.55/mo
Price-to-Rent RatioBETTER
13.4
Property Tax RateTIE
2.27%
Price Change (1Y)BETTER
+8.0%
Price Change (5Y)BETTER
+39.8%
Break-Even YearsBETTER
5 years
10-Year Wealth DifferenceBETTER
+$20,428
Key Differences
Home Prices
Joliet's median home price of $361,064.29 is higher than Rockford's $195,413.19 by 85%.
Monthly Rent
Renting in Joliet costs $2,121.37/mo compared to $1,211.55/mo in Rockford—a difference of $909.82/mo.
Buy vs Rent Verdict
Joliet favors renting, while Rockford favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.