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 YearsTIE
N/A
10-Year Wealth Difference
$150,704
Median Home PriceBETTER
$186,232.99
Median RentBETTER
$1,129.31/mo
Price-to-Rent RatioBETTER
13.7
Property Tax RateTIE
2.27%
Price Change (1Y)BETTER
+7.1%
Price Change (5Y)BETTER
+35.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$8,273
Key Differences
Home Prices
Joliet's median home price of $361,064.29 is higher than Springfield's $186,232.99 by 94%.
Monthly Rent
Renting in Joliet costs $2,121.37/mo compared to $1,129.31/mo in Springfield—a difference of $992.06/mo.
Buy vs Rent Verdict
Joliet favors renting, while Springfield favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.