Median Home Price
$859,957.76
Median Rent
$2,809.35/mo
Price-to-Rent Ratio
25.5
Property Tax RateBETTER
0.73%
Price Change (1Y)
-1.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$597,809
Median Home PriceBETTER
$228,588.5
Median RentBETTER
$1,703.54/mo
Price-to-Rent RatioBETTER
11.2
Property Tax Rate
1.54%
Price Change (1Y)BETTER
+2.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$14,873
Key Differences
Home Prices
Los Angeles's median home price of $859,957.76 is higher than Philadelphia's $228,588.5 by 276%.
Monthly Rent
Renting in Los Angeles costs $2,809.35/mo compared to $1,703.54/mo in Philadelphia—a difference of $1,105.81/mo.
Buy vs Rent Verdict
Los Angeles favors renting, while Philadelphia favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.