Median Home PriceBETTER
$859,957.76
Median Rent
$2,809.35/mo
Price-to-Rent RatioBETTER
25.5
Property Tax RateTIE
0.73%
Price Change (1Y)BETTER
-1.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$597,809
Median Home Price
$1,041,956.05
Median RentBETTER
$2,718.48/mo
Price-to-Rent Ratio
31.9
Property Tax RateTIE
0.73%
Price Change (1Y)
-5.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$849,614
Key Differences
Home Prices
Los Angeles's median home price of $859,957.76 is lower than Oakland's $1,041,956.05 by 17%.
Monthly Rent
Renting in Los Angeles costs $2,809.35/mo compared to $2,718.48/mo in Oakland—a difference of $90.87/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.